Chase Co. (NYSEMKT:CCF) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Monday.
Shares of Chase (NYSEMKT CCF) opened at 95.60 on Monday. The firm has a market capitalization of $885.06 million, a price-to-earnings ratio of 21.73 and a beta of 1.64. The firm has a 50-day moving average price of $103.20 and a 200 day moving average price of $100.55. Chase has a 12 month low of $61.02 and a 12 month high of $116.15.
Chase (NYSEMKT:CCF) last issued its quarterly earnings data on Wednesday, July 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter. Chase had a return on equity of 24.60% and a net margin of 18.27%. The firm had revenue of $64.90 million during the quarter. On average, analysts anticipate that Chase will post $1.91 EPS for the current fiscal year.
In other Chase news, Director George M. Hughes sold 500 shares of Chase stock in a transaction on Monday, July 17th. The stock was sold at an average price of $109.46, for a total value of $54,730.00. Following the completion of the transaction, the director now owns 1,899 shares in the company, valued at approximately $207,864.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 800 shares of company stock valued at $83,680.
Large investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP purchased a new stake in Chase during the second quarter worth $409,000. The Manufacturers Life Insurance Company increased its stake in Chase by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 5,480 shares of the construction company’s stock worth $585,000 after buying an additional 54 shares during the last quarter. State Street Corp increased its stake in Chase by 2.9% in the second quarter. State Street Corp now owns 134,268 shares of the construction company’s stock worth $14,326,000 after buying an additional 3,837 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Chase by 81.0% in the second quarter. Goldman Sachs Group Inc. now owns 31,743 shares of the construction company’s stock worth $3,387,000 after buying an additional 14,205 shares during the last quarter. Finally, Voya Investment Management LLC increased its stake in Chase by 21.7% in the second quarter. Voya Investment Management LLC now owns 3,496 shares of the construction company’s stock worth $373,000 after buying an additional 624 shares during the last quarter.
Chase Company Profile
Chase Corporation is engaged in manufacturing of protective materials for reliability applications. The Company’s operating segments include industrial materials segment and construction materials segment. The Industrial Materials segment includes specified products that are used in, or integrated into, another company’s product, with demand typically dependent upon general economic conditions.
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