Jane Street Group LLC Boosts Stock Position in Koppers Holdings Inc. (NYSE:KOP)

Jane Street Group LLC raised its position in Koppers Holdings Inc. (NYSE:KOP - Free Report) by 128.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,542 shares of the specialty chemicals company's stock after acquiring an additional 34,074 shares during the quarter. Jane Street Group LLC owned approximately 0.30% of Koppers worth $2,212,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Koppers by 3.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,878 shares of the specialty chemicals company's stock worth $402,000 after acquiring an additional 376 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Koppers by 3.9% during the second quarter. Louisiana State Employees Retirement System now owns 10,700 shares of the specialty chemicals company's stock worth $396,000 after buying an additional 400 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Koppers by 0.6% in the second quarter. Federated Hermes Inc. now owns 76,772 shares of the specialty chemicals company's stock valued at $2,840,000 after acquiring an additional 423 shares during the period. GAMMA Investing LLC increased its holdings in shares of Koppers by 170.4% in the 3rd quarter. GAMMA Investing LLC now owns 830 shares of the specialty chemicals company's stock valued at $30,000 after acquiring an additional 523 shares during the period. Finally, Panagora Asset Management Inc. raised its position in Koppers by 1.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 43,110 shares of the specialty chemicals company's stock valued at $1,595,000 after purchasing an additional 527 shares during the last quarter. Institutional investors and hedge funds own 92.75% of the company's stock.

Koppers Price Performance

NYSE KOP traded up $0.02 during trading hours on Tuesday, reaching $31.75. The company's stock had a trading volume of 73,689 shares, compared to its average volume of 147,487. The company has a debt-to-equity ratio of 1.83, a quick ratio of 1.13 and a current ratio of 2.54. The stock has a market cap of $643.54 million, a PE ratio of 9.02 and a beta of 1.83. The company's 50-day moving average is $35.99 and its two-hundred day moving average is $37.02. Koppers Holdings Inc. has a fifty-two week low of $30.64 and a fifty-two week high of $58.23.

Koppers (NYSE:KOP - Get Free Report) last issued its quarterly earnings data on Friday, November 8th. The specialty chemicals company reported $1.37 earnings per share (EPS) 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 the consensus estimate of $571.80 million. During the same period in the previous year, the firm posted $1.32 EPS. The company's quarterly revenue was up .7% compared to the same quarter last year. Analysts forecast that Koppers Holdings Inc. will post 4.24 EPS for the current year.

Koppers Announces Dividend

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

Analyst Upgrades and Downgrades

KOP has been the topic of several research reports. StockNews.com raised shares of Koppers from a "sell" rating to a "hold" rating in a research report on Monday, November 11th. Singular Research upgraded Koppers to a "strong-buy" rating in a research report on Friday, September 20th. Finally, Barrington Research reiterated an "outperform" rating and issued a $64.00 target price on shares of Koppers in a research note on Tuesday, November 12th.

Insider Buying and Selling

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

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.