Cambiar Investors LLC bought a new stake in Calgon Carbon Corp. (NYSE:CCC) during the second quarter, according to its most recent filing with the SEC. The fund bought 1,783,498 shares of the company’s stock, valued at approximately $23,453,000.
Several other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in Calgon Carbon Corp. by 717.9% in the first quarter. Royal Bank of Canada now owns 11,729 shares of the company’s stock valued at $164,000 after buying an additional 10,295 shares during the period. Menta Capital LLC bought a new position in Calgon Carbon Corp. during the first quarter valued at approximately $182,000. BNP Paribas Arbitrage SA increased its position in Calgon Carbon Corp. by 94.0% in the second quarter. BNP Paribas Arbitrage SA now owns 17,671 shares of the company’s stock valued at $232,000 after buying an additional 8,560 shares during the period. BlackRock Inc. increased its position in Calgon Carbon Corp. by 11.2% in the first quarter. BlackRock Inc. now owns 22,511 shares of the company’s stock valued at $316,000 after buying an additional 2,269 shares during the period. Finally, Kennedy Capital Management Inc. bought a new position in Calgon Carbon Corp. during the first quarter valued at approximately $351,000. 83.44% of the stock is currently owned by hedge funds and other institutional investors.
Calgon Carbon Corp. (NYSE:CCC) traded down 0.99% on Monday, reaching $15.02. 185,453 shares of the company’s stock were exchanged. Calgon Carbon Corp. has a one year low of $12.70 and a one year high of $18.22. The firm has a market cap of $760.37 million, a PE ratio of 23.43 and a beta of 1.10. The firm has a 50 day moving average price of $14.67 and a 200 day moving average price of $14.48.
Calgon Carbon Corp. (NYSE:CCC) last issued its quarterly earnings data on Friday, August 5th. The company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $132.60 million for the quarter, compared to analyst estimates of $130.07 million. Calgon Carbon Corp. had a return on equity of 8.36% and a net margin of 6.42%. Calgon Carbon Corp.’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.24 EPS. On average, equities analysts anticipate that Calgon Carbon Corp. will post $0.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, September 2nd were paid a $0.05 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. Calgon Carbon Corp.’s dividend payout ratio is currently 31.25%.
A number of equities research 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 note on Friday, September 9th. Avondale Partners raised shares of Calgon Carbon Corp. from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a research note on Monday, August 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.00.
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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