Jane Street Group LLC Purchases 34,074 Shares of Koppers Holdings Inc. (NYSE:KOP)

Jane Street Group LLC raised its position in Koppers Holdings Inc. (NYSE:KOP) by 128.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,542 shares of the specialty chemicals company’s stock after buying an additional 34,074 shares during the quarter. Jane Street Group LLC owned about 0.30% of Koppers worth $2,212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pzena Investment Management LLC increased its stake in Koppers by 91.8% in the third quarter. Pzena Investment Management LLC now owns 770,169 shares of the specialty chemicals company’s stock valued at $28,134,000 after acquiring an additional 368,709 shares during the last quarter. Millennium Management LLC increased its stake in shares of Koppers by 586.8% in the 2nd quarter. Millennium Management LLC now owns 196,704 shares of the specialty chemicals company’s stock valued at $7,276,000 after purchasing an additional 168,063 shares during the last quarter. Foundry Partners LLC acquired a new position in shares of Koppers during the 3rd quarter worth $4,022,000. Principal Financial Group Inc. lifted its position in shares of Koppers by 20.7% during the 3rd quarter. Principal Financial Group Inc. now owns 568,787 shares of the specialty chemicals company’s stock worth $20,778,000 after buying an additional 97,586 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in Koppers by 137.9% in the third quarter. Empowered Funds LLC now owns 102,586 shares of the specialty chemicals company’s stock valued at $3,747,000 after buying an additional 59,460 shares in the last quarter. 92.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO M Leroy Ball sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $37.92, for a total transaction of $189,600.00. Following the transaction, the chief executive officer now directly owns 315,129 shares of the company’s stock, valued at $11,949,691.68. This represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Stephen R. Tritch sold 3,533 shares of Koppers stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $37.08, for a total transaction of $131,003.64. Following the completion of the sale, the director now directly owns 47,737 shares of the company’s stock, valued at approximately $1,770,087.96. The trade was a 6.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,533 shares of company stock worth $544,164. 6.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

KOP has been the subject of a number of research reports. Singular Research raised shares of Koppers to a “strong-buy” rating in a report on Friday, September 20th. StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Barrington Research restated an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a report on Tuesday, November 12th.

Koppers Price Performance

Shares of NYSE KOP opened at $31.73 on Tuesday. The company has a market capitalization of $643.14 million, a PE ratio of 9.01 and a beta of 1.83. The company has a quick ratio of 1.13, a current ratio of 2.54 and a debt-to-equity ratio of 1.83. Koppers Holdings Inc. has a twelve month low of $30.64 and a twelve month high of $58.23. The firm has a fifty day simple moving average of $36.09 and a 200 day simple moving average of $37.10.

Koppers (NYSE:KOP) last posted its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.12. Koppers had a return on equity of 16.71% and a net margin of 3.55%. The firm had revenue of $554.30 million during the quarter, compared to analyst estimates of $571.80 million. During the same period last year, the company posted $1.32 EPS. The business’s quarterly revenue was up .7% on a year-over-year basis. On average, sell-side analysts forecast that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend was Friday, November 29th. Koppers’s dividend payout ratio is presently 7.95%.

Koppers Profile

Koppers Holdings Inc provides treated wood products, wood preservation chemicals, and carbon compounds in the United States, Australasia, Europe, and internationally. The company operates through Railroad and Utility Products and Services (RUPS), Performance Chemicals (PC), and Carbon Materials and Chemicals (CMC) segments.