SG Americas Securities LLC boosted its stake in Calgon Carbon Co. (NYSE:CCC) by 1,061.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 328,258 shares of the industrial products company’s stock after buying an additional 299,987 shares during the period. SG Americas Securities LLC owned approximately 0.65% of Calgon Carbon worth $4,793,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of CCC. State Street Corp boosted its stake in Calgon Carbon by 8.2% in the fourth quarter. State Street Corp now owns 1,199,971 shares of the industrial products company’s stock valued at $20,401,000 after buying an additional 90,818 shares during the period. JPMorgan Chase & Co. boosted its stake in Calgon Carbon by 226.9% in the third quarter. JPMorgan Chase & Co. now owns 171,702 shares of the industrial products company’s stock valued at $2,605,000 after buying an additional 119,184 shares during the period. Renaissance Technologies LLC boosted its stake in Calgon Carbon by 16.7% in the fourth quarter. Renaissance Technologies LLC now owns 548,200 shares of the industrial products company’s stock valued at $9,319,000 after buying an additional 78,300 shares during the period. RobecoSam USA Inc. boosted its stake in Calgon Carbon by 21.6% in the third quarter. RobecoSam USA Inc. now owns 74,298 shares of the industrial products company’s stock valued at $1,127,000 after buying an additional 13,178 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in Calgon Carbon by 7.7% in the third quarter. BlackRock Fund Advisors now owns 3,534,953 shares of the industrial products company’s stock valued at $53,625,000 after buying an additional 252,630 shares during the period. Institutional investors own 83.79% of the company’s stock.
Calgon Carbon Co. (NYSE:CCC) traded up 2.87% during midday trading on Friday, reaching $14.35. 307,788 shares of the company’s stock were exchanged. The company has a market cap of $728.31 million, a price-to-earnings ratio of 79.72 and a beta of 1.10. Calgon Carbon Co. has a 12-month low of $12.70 and a 12-month high of $18.80. The firm has a 50-day moving average price of $14.00 and a 200 day moving average price of $15.57.
Calgon Carbon (NYSE:CCC) last posted its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.01. Calgon Carbon had a net margin of 5.41% and a return on equity of 6.93%. The company had revenue of $142.70 million during the quarter, compared to analyst estimates of $143.03 million. During the same period in the prior year, the business posted $0.11 EPS. The firm’s revenue was up 18.7% compared to the same quarter last year. On average, analysts expect that Calgon Carbon Co. will post $0.46 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, June 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, June 1st. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. Calgon Carbon’s dividend payout ratio is currently 37.04%.
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Several equities research analysts have recently weighed in on CCC shares. Zacks Investment Research cut shares of Calgon Carbon from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 1st. Robert W. Baird reiterated an “outperform” rating and set a $19.00 price objective on shares of Calgon Carbon in a research report on Monday, February 27th. Finally, Roth Capital set a $16.00 price objective on shares of Calgon Carbon and gave the stock a “hold” rating in a research report on Saturday, April 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Calgon Carbon currently has a consensus rating of “Buy” and a consensus price target of $17.75.
About Calgon Carbon
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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