Neuberger Berman Group LLC boosted its holdings in Chase Co. (NYSEMKT:CCF) by 78.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 181,908 shares of the construction company’s stock after buying an additional 79,963 shares during the quarter. Neuberger Berman Group LLC owned 1.96% of Chase worth $19,410,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CCF. Legal & General Group Plc increased its position in shares of Chase by 4.5% during the 2nd quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock valued at $184,000 after purchasing an additional 74 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Chase by 17.5% during the 2nd quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock valued at $199,000 after purchasing an additional 278 shares during the last quarter. Campbell & CO Investment Adviser LLC increased its position in shares of Chase by 23.7% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 2,977 shares of the construction company’s stock valued at $318,000 after purchasing an additional 571 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Chase during the 2nd quarter valued at about $348,000. Finally, Russell Investments Group Ltd. increased its position in shares of Chase by 140.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,713 shares of the construction company’s stock valued at $396,000 after purchasing an additional 2,172 shares during the last quarter.
Separately, BidaskClub lowered shares of Chase from a “buy” rating to a “hold” rating in a research report on Monday, July 24th.
Chase Co. (CCF) opened at 96.50 on Friday. The company has a market capitalization of $893.40 million, a P/E ratio of 21.94 and a beta of 1.64. Chase Co. has a 52 week low of $61.75 and a 52 week high of $116.15. The company’s 50 day moving average price is $98.67 and its 200-day moving average price is $100.82.
Chase (NYSEMKT:CCF) last announced its quarterly earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share for the quarter. The company had revenue of $64.90 million during the quarter. Chase had a return on equity of 24.60% and a net margin of 18.27%. Equities research analysts expect that Chase Co. will post $1.91 earnings per share for the current year.
In other news, Director George M. Hughes sold 500 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 1,899 shares in the company, valued at $207,864.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 950 shares of company stock valued at $97,765 over the last 90 days.
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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