Calgon Carbon Corporation (CCC) Stake Reduced by State Street Corp
State Street Corp cut its stake in Calgon Carbon Corporation (NYSE:CCC) by 4.7% during the first quarter, Holdings Channel reports. The fund owned 1,143,912 shares of the industrial products company’s stock after selling 56,059 shares during the period. State Street Corp’s holdings in Calgon Carbon Corporation were worth $16,699,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in Calgon Carbon Corporation during the fourth quarter valued at $8,245,000. Teachers Advisors LLC boosted its stake in shares of Calgon Carbon Corporation by 2.4% in the fourth quarter. Teachers Advisors LLC now owns 83,074 shares of the industrial products company’s stock valued at $1,412,000 after buying an additional 1,958 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Calgon Carbon Corporation by 1.0% in the first quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the industrial products company’s stock valued at $301,000 after buying an additional 200 shares during the period. John G Ullman & Associates Inc. boosted its stake in shares of Calgon Carbon Corporation by 37.3% in the first quarter. John G Ullman & Associates Inc. now owns 301,702 shares of the industrial products company’s stock valued at $4,405,000 after buying an additional 82,002 shares during the period. Finally, Narwhal Capital Management purchased a new stake in shares of Calgon Carbon Corporation during the first quarter valued at about $163,000. Institutional investors and hedge funds own 81.60% of the company’s stock.
Shares of Calgon Carbon Corporation (NYSE:CCC) traded down 0.38% during mid-day trading on Friday, hitting $13.05. The stock had a trading volume of 90,035 shares. Calgon Carbon Corporation has a one year low of $12.92 and a one year high of $18.80. The stock has a market cap of $662.86 million, a P/E ratio of 93.88 and a beta of 1.09. The firm has a 50 day moving average of $15.39 and a 200-day moving average of $14.72.
Calgon Carbon Corporation (NYSE:CCC) last announced its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.14 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.14. Calgon Carbon Corporation had a return on equity of 5.46% and a net margin of 1.27%. The firm had revenue of $153 million for the quarter, compared to the consensus estimate of $151.18 million. During the same quarter last year, the business posted $0.15 earnings per share. The firm’s revenue was up 15.4% compared to the same quarter last year. Equities research analysts expect that Calgon Carbon Corporation will post $0.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.53%. Calgon Carbon Corporation’s payout ratio is 133.33%.
Several analysts have recently issued reports on the company. BidaskClub cut Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Sidoti assumed coverage on Calgon Carbon Corporation in a report on Wednesday, June 7th. They set a “buy” rating and a $18.00 price objective on the stock. Janney Montgomery Scott cut Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $18.00 to $16.00 in a report on Thursday, July 13th. ValuEngine raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, Zacks Investment Research raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $18.20.
In other Calgon Carbon Corporation news, Director J Rich Alexander sold 5,251 shares of Calgon Carbon Corporation stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $14.25, for a total value of $74,826.75. Following the sale, the director now owns 24,183 shares in the company, valued at $344,607.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.32% of the company’s stock.
About Calgon Carbon Corporation
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.
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