Louisiana State Employees Retirement System raised its position in Calgon Carbon Corporation (NYSE:CCC) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,700 shares of the industrial products company’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Calgon Carbon Corporation were worth $313,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. BNP Paribas Arbitrage SA raised its stake in shares of Calgon Carbon Corporation by 0.4% in the first quarter. BNP Paribas Arbitrage SA now owns 11,390 shares of the industrial products company’s stock worth $166,000 after buying an additional 51 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Calgon Carbon Corporation by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 1,503,373 shares of the industrial products company’s stock worth $21,948,000 after buying an additional 10,322 shares during the last quarter. US Bancorp DE raised its stake in shares of Calgon Carbon Corporation by 11.5% in the first quarter. US Bancorp DE now owns 40,539 shares of the industrial products company’s stock worth $592,000 after buying an additional 4,168 shares during the last quarter. Princeton Alpha Management LP raised its stake in shares of Calgon Carbon Corporation by 20.0% in the first quarter. Princeton Alpha Management LP now owns 20,249 shares of the industrial products company’s stock worth $296,000 after buying an additional 3,381 shares during the last quarter. Finally, Capital Fund Management S.A. acquired a new stake in shares of Calgon Carbon Corporation during the first quarter worth about $457,000. 81.60% of the stock is currently owned by hedge funds and other institutional investors.

Calgon Carbon Corporation (CCC) traded down 1.46% during trading on Thursday, hitting $13.50. The stock had a trading volume of 220,532 shares. The company has a 50 day moving average of $15.44 and a 200-day moving average of $14.73. The company has a market cap of $685.72 million, a P/E ratio of 97.12 and a beta of 1.09. Calgon Carbon Corporation has a 12-month low of $13.10 and a 12-month high of $18.80.

Calgon Carbon Corporation (NYSE:CCC) last released its quarterly earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $153 million during the quarter, compared to the consensus estimate of $151.18 million. Calgon Carbon Corporation had a return on equity of 5.46% and a net margin of 1.27%. The firm’s revenue was up 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 EPS. On average, equities analysts predict that Calgon Carbon Corporation will post $0.50 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.46%. Calgon Carbon Corporation’s dividend payout ratio (DPR) is presently 133.33%.

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CCC has been the topic of several research analyst reports. Janney Montgomery Scott lowered Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $18.00 to $16.00 in a research note on Thursday, July 13th. Sidoti reaffirmed a “buy” rating and issued a $20.00 price objective (up from $18.00) on shares of Calgon Carbon Corporation in a research note on Wednesday, July 12th. Zacks Investment Research raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub raised Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, ValuEngine raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $18.20.

In other news, Director J Rich Alexander sold 5,251 shares of the company’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $14.25, for a total transaction of $74,826.75. Following the completion of the sale, the director now owns 24,183 shares in the company, valued at approximately $344,607.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.32% of the company’s stock.

Calgon Carbon Corporation Company Profile

Calgon Carbon Corporation is a manufacturer of activated carbon, with capabilities in ultraviolet (UV) light disinfection. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Company operates through four segments: Activated Carbon and Service, Equipment, Consumer and Other.

Institutional Ownership by Quarter for Calgon Carbon Corporation (NYSE:CCC)

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