Metropolitan Life Insurance Co. NY lowered its stake in shares of Calgon Carbon Corporation (NYSE:CCC) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,410 shares of the industrial products company’s stock after selling 2,220 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.07% of Calgon Carbon Corporation worth $517,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CCC. Envestnet Asset Management Inc. raised 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 during the period. BlueCrest Capital Management Ltd raised 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 during the period. Narwhal Capital Management bought a new position in Calgon Carbon Corporation during the first quarter valued at approximately $163,000. BNP Paribas Arbitrage SA raised 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 during the period. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Calgon Carbon Corporation during the first quarter valued at approximately $170,000. 81.41% of the stock is owned by institutional investors.
Shares of Calgon Carbon Corporation (CCC) traded up 3.33% during trading on Friday, reaching $13.95. The company had a trading volume of 579,116 shares. The firm has a 50-day moving average of $15.50 and a 200-day moving average of $14.79. The company has a market cap of $708.58 million, a P/E ratio of 100.36 and a beta of 1.09. Calgon Carbon Corporation has a 12-month low of $13.10 and a 12-month high of $18.80.
Calgon Carbon Corporation (NYSE:CCC) last released its earnings results on Friday, August 4th. The industrial products company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Calgon Carbon Corporation had a net margin of 1.27% and a return on equity of 5.46%. The firm had revenue of $153 million during the quarter, compared to analyst estimates of $151.18 million. During the same quarter in the previous year, the business earned $0.15 EPS. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts anticipate that Calgon Carbon Corporation will post $0.52 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend is Thursday, August 31st. Calgon Carbon Corporation’s dividend payout ratio is presently 133.33%.
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Several research firms have recently commented on CCC. Zacks Investment Research raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Sidoti reaffirmed a “buy” rating and set a $20.00 target price (up from $18.00) on shares of Calgon Carbon Corporation in a report on Wednesday, July 12th. BidaskClub lowered Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. ValuEngine raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, Janney Montgomery Scott lowered Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $16.00 in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $18.20.
In other Calgon Carbon Corporation news, Director J Rich Alexander sold 5,251 shares of Calgon Carbon Corporation stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $14.25, for a total transaction of $74,826.75. Following the completion of the sale, the director now owns 24,183 shares of the company’s stock, valued at approximately $344,607.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.32% of the stock is currently 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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