Chase Co. (CCF) Raised to “Hold” at BidaskClub
BidaskClub upgraded shares of Chase Co. (NYSEMKT:CCF) from a sell rating to a hold rating in a research note issued to investors on Tuesday.
Shares of Chase (NYSEMKT:CCF) opened at 92.90 on Tuesday. Chase has a 12-month low of $61.13 and a 12-month high of $116.15. The firm has a market cap of $860.07 million, a price-to-earnings ratio of 21.12 and a beta of 1.64. The company has a 50 day moving average of $103.53 and a 200-day moving average of $100.36.
Chase (NYSEMKT:CCF) last posted its quarterly earnings data on Wednesday, July 5th. The construction company reported $1.12 EPS for the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. The business had revenue of $64.90 million for the quarter. Analysts predict that Chase will post $1.91 EPS for the current year.
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In other news, Director George M. Hughes sold 500 shares of the company’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $109.46, for a total value of $54,730.00. Following the transaction, the director now owns 1,899 shares in the company, valued at $207,864.54. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders sold 900 shares of company stock worth $94,080.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Chase by 5.3% in the second quarter. Vanguard Group Inc. now owns 325,213 shares of the construction company’s stock valued at $34,700,000 after buying an additional 16,515 shares during the last quarter. Renaissance Technologies LLC boosted its position in Chase by 5.1% in the second quarter. Renaissance Technologies LLC now owns 317,900 shares of the construction company’s stock valued at $33,920,000 after buying an additional 15,300 shares during the last quarter. Lazard Asset Management LLC boosted its position in Chase by 14.5% in the second quarter. Lazard Asset Management LLC now owns 182,118 shares of the construction company’s stock valued at $19,431,000 after buying an additional 23,118 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Chase by 78.4% in the second quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock valued at $19,410,000 after buying an additional 79,963 shares during the last quarter. Finally, State Street Corp boosted its position in Chase by 2.9% in the second quarter. State Street Corp now owns 134,268 shares of the construction company’s stock valued at $14,326,000 after buying an additional 3,837 shares during the last quarter.
Chase Corporation is engaged in manufacturing of protective materials for reliability applications. The Company’s operating segments include industrial materials segment and construction materials segment. The Industrial Materials segment includes specified products that are used in, or integrated into, another company’s product, with demand typically dependent upon general economic conditions.
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