Calgon Carbon Corp. (CCC) to Issue Quarterly Dividend of $0.05 on December 15th
Calgon Carbon Corp. (NYSE:CCC) announced a quarterly dividend on Monday, November 7th. Shareholders of record on Monday, December 5th will be given a dividend of 0.05 per share on Thursday, December 15th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date is Thursday, December 1st.
Shares of Calgon Carbon Corp. (NYSE:CCC) opened at 17.95 on Friday. Calgon Carbon Corp. has a 52-week low of $12.70 and a 52-week high of $18.25. The firm’s 50 day moving average is $16.12 and its 200-day moving average is $14.84. The company has a market capitalization of $908.88 million, a P/E ratio of 33.30 and a beta of 1.09.
Calgon Carbon Corp. (NYSE:CCC) last announced its earnings results on Thursday, November 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.01. Calgon Carbon Corp. had a return on equity of 6.93% and a net margin of 5.41%. The company had revenue of $124 million for the quarter, compared to the consensus estimate of $127.46 million. During the same period last year, the firm posted $0.23 EPS. The company’s revenue was down 6.8% compared to the same quarter last year. Equities research analysts anticipate that Calgon Carbon Corp. will post $0.52 earnings per share for the current fiscal year.
In other Calgon Carbon Corp. news, Director William R. Newlin sold 34,014 shares of the business’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $14.98, for a total value of $509,529.72. Following the sale, the director now owns 206,483 shares of the company’s stock, valued at approximately $3,093,115.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.31% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. United Services Automobile Association acquired a new stake in shares of Calgon Carbon Corp. during the second quarter valued at about $8,390,000. Robecosam AG raised its stake in shares of Calgon Carbon Corp. by 52.4% in the second quarter. Robecosam AG now owns 391,167 shares of the company’s stock valued at $5,066,000 after buying an additional 134,454 shares during the period. Marshall Wace LLP raised its stake in shares of Calgon Carbon Corp. by 528.8% in the second quarter. Marshall Wace LLP now owns 154,365 shares of the company’s stock valued at $2,030,000 after buying an additional 129,815 shares during the period. BlackRock Fund Advisors raised its stake in shares of Calgon Carbon Corp. by 1.8% in the second quarter. BlackRock Fund Advisors now owns 3,282,323 shares of the company’s stock valued at $43,163,000 after buying an additional 58,672 shares during the period. Finally, Deere & Co. acquired a new stake in shares of Calgon Carbon Corp. during the second quarter valued at about $449,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Calgon Carbon Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, September 15th. Avondale Partners raised shares of Calgon Carbon Corp. from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research report on Monday, August 8th. Finally, Robert W. Baird raised shares of Calgon Carbon Corp. from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $16.00 to $19.00 in a research report on Tuesday, October 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Calgon Carbon Corp. has an average rating of “Hold” and a consensus price target of $16.43.
About Calgon Carbon Corp.
Calgon Carbon Corporation is engaged in the manufacture, supply, reactivation and application of activated carbons and the manufacture of ballast water treatment, ultraviolet light disinfection and ion-exchange (IX) technologies. The Company’s technologies are used for the treatment of drinking water, wastewater, ballast water, air emissions, and various industrial and commercial manufacturing processes.
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