Lazard Asset Management LLC grew its stake in Chase Co. (NYSEMKT:CCF) by 14.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 182,118 shares of the construction company’s stock after acquiring an additional 23,118 shares during the quarter. Lazard Asset Management LLC owned about 1.97% of Chase worth $19,431,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Neuberger Berman Group LLC grew its stake in Chase by 78.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock worth $19,410,000 after buying an additional 79,963 shares during the last quarter. First Trust Advisors LP grew its stake in Chase by 358.5% during the 2nd quarter. First Trust Advisors LP now owns 26,618 shares of the construction company’s stock worth $2,840,000 after buying an additional 20,812 shares during the last quarter. Seizert Capital Partners LLC purchased a new position in Chase during the 2nd quarter worth $1,784,000. Schwab Charles Investment Management Inc. grew its stake in Chase by 13.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 44,764 shares of the construction company’s stock worth $4,777,000 after buying an additional 5,178 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in Chase by 41.5% during the 2nd quarter. Acadian Asset Management LLC now owns 14,745 shares of the construction company’s stock worth $1,574,000 after buying an additional 4,328 shares during the last quarter.
Chase Co. (CCF) opened at 102.85 on Friday. 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 $96.78 and its 200 day moving average price is $101.23. The stock has a market capitalization of $952.19 million, a P/E ratio of 23.38 and a beta of 1.64.
Chase (NYSEMKT:CCF) last posted its earnings results on Wednesday, July 5th. The construction company reported $1.12 EPS for the quarter. The firm had revenue of $64.90 million for 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 EPS for the current fiscal year.
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Separately, BidaskClub downgraded Chase from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.
In related news, Director George M. Hughes sold 500 shares of the 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 transaction, the director now owns 1,899 shares of the company’s stock, valued at $207,864.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 950 shares of company stock worth $97,765 in the last three months.
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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