Quantbot Technologies LP Has $298,000 Stock Holdings in Koppers Holdings Inc. (NYSE:KOP)

Quantbot Technologies LP boosted its position in shares of Koppers Holdings Inc. (NYSE:KOP) by 90.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,188 shares of the specialty chemicals company’s stock after purchasing an additional 4,360 shares during the quarter. Quantbot Technologies LP’s holdings in Koppers were worth $298,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Pzena Investment Management LLC raised its position in shares of Koppers by 18.0% during the fourth quarter. Pzena Investment Management LLC now owns 908,772 shares of the specialty chemicals company’s stock worth $29,444,000 after purchasing an additional 138,603 shares during the period. Principal Financial Group Inc. increased its stake in 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 purchasing an additional 97,586 shares in the last quarter. Jane Street Group LLC raised its holdings in Koppers by 128.7% during the 3rd quarter. Jane Street Group LLC now owns 60,542 shares of the specialty chemicals company’s stock worth $2,212,000 after buying an additional 34,074 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Koppers by 314.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 44,570 shares of the specialty chemicals company’s stock valued at $1,628,000 after buying an additional 33,817 shares during the period. Finally, Barclays PLC increased its position in shares of Koppers by 356.9% during the third quarter. Barclays PLC now owns 36,941 shares of the specialty chemicals company’s stock worth $1,350,000 after acquiring an additional 28,855 shares in the last quarter. Institutional investors own 92.75% of the company’s stock.

Koppers Price Performance

NYSE KOP opened at $27.93 on Friday. Koppers Holdings Inc. has a 12-month low of $27.00 and a 12-month high of $56.96. The firm’s 50 day moving average is $29.95 and its 200-day moving average is $33.38. The company has a market capitalization of $572.07 million, a PE ratio of 7.93 and a beta of 1.74. 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 (NYSE:KOP) last issued its quarterly earnings results on Thursday, February 27th. The specialty chemicals company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.18). The business had revenue of $477.00 million for the quarter, compared to the consensus estimate of $497.00 million. Koppers had a return on equity of 16.71% and a net margin of 3.55%. Equities research analysts anticipate that Koppers Holdings Inc. will post 4.24 earnings per share for the current fiscal year.

Koppers announced that its board has approved a stock repurchase plan on Thursday, February 27th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the specialty chemicals company to reacquire up to 16.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Koppers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Friday, March 7th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.15%. This is an increase from Koppers’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, March 7th. Koppers’s dividend payout ratio (DPR) is currently 13.17%.

Wall Street Analyst Weigh In

KOP has been the topic of several research reports. Barrington Research reaffirmed an “outperform” rating and issued a $64.00 price objective on shares of Koppers in a research report on Monday, February 24th. StockNews.com raised Koppers from a “sell” rating to a “hold” rating in a research report on Saturday, March 22nd.

Koppers Company 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.