Cambiar Investors LLC cut its stake in Calgon Carbon Corporation (NYSE:CCC) by 19.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 856,361 shares of the industrial products company’s stock after selling 204,939 shares during the period. Cambiar Investors LLC owned approximately 1.69% of Calgon Carbon Corporation worth $18,326,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kassirer Asset Management Corp acquired a new stake in shares of Calgon Carbon Corporation in the third quarter worth approximately $5,346,000. Sei Investments Co. boosted its position in shares of Calgon Carbon Corporation by 26.4% in the third quarter. Sei Investments Co. now owns 17,208 shares of the industrial products company’s stock worth $368,000 after acquiring an additional 3,598 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Calgon Carbon Corporation by 53.5% in the third quarter. BNP Paribas Arbitrage SA now owns 27,763 shares of the industrial products company’s stock worth $594,000 after acquiring an additional 9,679 shares during the last quarter. Segantii Capital Management Ltd acquired a new stake in shares of Calgon Carbon Corporation in the third quarter worth approximately $595,000. Finally, Harvest Management LLC acquired a new stake in shares of Calgon Carbon Corporation in the third quarter worth approximately $1,297,000. 82.68% of the stock is currently owned by institutional investors and hedge funds.
CCC has been the topic of several research reports. Zacks Investment Research lowered shares of Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Robert W. Baird raised their price target on shares of Calgon Carbon Corporation from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Friday, September 22nd. Sidoti lowered shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and cut their price target for the company from $22.00 to $20.00 in a report on Monday, September 25th. BidaskClub lowered shares of Calgon Carbon Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Janney Montgomery Scott lowered shares of Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 price target on the stock. in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. Calgon Carbon Corporation presently has a consensus rating of “Hold” and an average target price of $19.63.
Calgon Carbon Corporation (CCC) traded down $0.05 during midday trading on Tuesday, reaching $21.40. 1,579,400 shares of the company traded hands, compared to its average volume of 661,664. Calgon Carbon Corporation has a 52-week low of $12.00 and a 52-week high of $22.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.80 and a quick ratio of 1.68. The stock has a market capitalization of $1,089.90, a price-to-earnings ratio of 49.88 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be issued a $0.05 dividend. The ex-dividend date is Monday, December 4th. This represents a $0.20 annualized dividend and a yield of 0.93%. Calgon Carbon Corporation’s payout ratio is 166.68%.
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Calgon Carbon Corporation 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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