Calgon Carbon Corporation (NYSE:CCC) Stake Maintained by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky held its position in Calgon Carbon Corporation (NYSE:CCC) during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 15,700 shares of the industrial products company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Calgon Carbon Corporation were worth $229,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its position in Calgon Carbon Corporation by 10.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,703 shares of the industrial products company’s stock valued at $113,000 after buying an additional 747 shares in the last quarter. BlueCrest Capital Management Ltd boosted its position in Calgon Carbon Corporation by 5.7% in the first quarter. BlueCrest Capital Management Ltd now owns 10,621 shares of the industrial products company’s stock valued at $155,000 after buying an additional 571 shares in the last quarter. Narwhal Capital Management purchased a new position in Calgon Carbon Corporation during the first quarter valued at $163,000. BNP Paribas Arbitrage SA boosted its position in Calgon Carbon Corporation by 0.4% in the first quarter. BNP Paribas Arbitrage SA now owns 11,390 shares of the industrial products company’s stock valued at $166,000 after buying an additional 51 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Calgon Carbon Corporation during the first quarter valued at $170,000. 81.41% of the stock is owned by institutional investors.

Shares of Calgon Carbon Corporation (CCC) traded up 3.33% on Friday, reaching $13.95. The company had a trading volume of 579,116 shares. Calgon Carbon Corporation has a 12 month low of $13.10 and a 12 month high of $18.80. The stock has a market cap of $708.58 million, a PE ratio of 100.36 and a beta of 1.09. The stock has a 50-day moving average price of $15.50 and a 200-day moving average price of $14.79.

Calgon Carbon Corporation (NYSE:CCC) last announced its earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, hitting analysts’ consensus estimates 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 in the previous year, the business earned $0.15 EPS. The company’s revenue was up 15.4% compared to the same quarter last year. Analysts predict that Calgon Carbon Corporation will post $0.52 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.43%. Calgon Carbon Corporation’s payout ratio is presently 133.33%.

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Several research analysts have recently weighed in on CCC shares. Sidoti started coverage on Calgon Carbon Corporation in a research report on Wednesday, June 7th. They set a “buy” rating and a $18.00 price objective for the company. BidaskClub raised Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Zacks Investment Research raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, Janney Montgomery Scott cut Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $18.00 to $16.00 in a research report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Calgon Carbon Corporation currently has an average rating of “Hold” and an average target price of $18.20.

In other news, Director J Rich Alexander sold 5,251 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 24,183 shares in the company, valued at approximately $344,607.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.32% of the stock is owned by insiders.

Calgon Carbon Corporation Company Profile

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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