California State Teachers Retirement System decreased its position in Calgon Carbon Corp. (NYSE:CCC) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 105,659 shares of the company’s stock after selling 5,976 shares during the period. California State Teachers Retirement System owned approximately 0.21% of Calgon Carbon Corp. worth $1,389,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of CCC. Norges Bank bought a new position in Calgon Carbon Corp. during the fourth quarter worth approximately $9,470,000. Prudential Financial Inc. raised its position in Calgon Carbon Corp. by 1.4% in the first quarter. Prudential Financial Inc. now owns 120,917 shares of the company’s stock worth $1,695,000 after buying an additional 1,700 shares during the period. Willingdon Wealth Management raised its position in Calgon Carbon Corp. by 247.1% in the first quarter. Willingdon Wealth Management now owns 58,661 shares of the company’s stock worth $822,000 after buying an additional 41,762 shares during the period. BlackRock Inc. raised 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 worth $316,000 after buying an additional 2,269 shares during the period. Finally, Royce & Associates LP raised its position in Calgon Carbon Corp. by 174.4% in the first quarter. Royce & Associates LP now owns 432,073 shares of the company’s stock worth $6,058,000 after buying an additional 274,600 shares during the period. Hedge funds and other institutional investors own 83.44% of the company’s stock.
Calgon Carbon Corp. (NYSE:CCC) traded up 1.10% during midday trading on Wednesday, hitting $14.68. The company had a trading volume of 184,043 shares. Calgon Carbon Corp. has a 52 week low of $12.70 and a 52 week high of $18.22. The firm’s 50 day moving average is $14.33 and its 200-day moving average is $14.45. The firm has a market capitalization of $743.16 million, a P/E ratio of 22.90 and a beta of 1.10.
Calgon Carbon Corp. (NYSE:CCC) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by $0.02. Calgon Carbon Corp. had a net margin of 6.42% and a return on equity of 8.36%. The firm earned $132.60 million during the quarter, compared to analysts’ expectations of $130.07 million. During the same quarter in the previous year, the company posted $0.24 EPS. Calgon Carbon Corp.’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities research analysts expect that Calgon Carbon Corp. will post $0.62 EPS for the current fiscal year.
The company also recently disclosed 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 annualized dividend and a yield of 1.36%. Calgon Carbon Corp.’s payout ratio is 31.25%.
A number of equities analysts have commented on CCC shares. Oppenheimer Holdings Inc. started coverage on Calgon Carbon Corp. in a research note on Wednesday, June 1st. They set an “outperform” rating on the stock. Avondale Partners upgraded 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. Finally, Zacks Investment Research upgraded Calgon Carbon Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company 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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