JPMorgan Chase & Co. lifted its stake in Calgon Carbon Corporation (NYSE:CCC) by 981.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 853,931 shares of the industrial products company’s stock after purchasing an additional 774,981 shares during the quarter. JPMorgan Chase & Co. owned 1.68% of Calgon Carbon worth $18,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently bought and sold shares of CCC. Royce & Associates LP raised its position in Calgon Carbon by 14.6% during the second quarter. Royce & Associates LP now owns 947,598 shares of the industrial products company’s stock valued at $14,309,000 after acquiring an additional 120,800 shares in the last quarter. Kassirer Asset Management Corp bought a new position in Calgon Carbon during the third quarter valued at approximately $5,346,000. Gamco Investors INC. ET AL bought a new position in Calgon Carbon during the third quarter valued at approximately $5,934,000. Teachers Advisors LLC raised its position in Calgon Carbon by 1.4% during the first quarter. Teachers Advisors LLC now owns 84,269 shares of the industrial products company’s stock valued at $1,230,000 after acquiring an additional 1,195 shares in the last quarter. Finally, ARP Americas LLC bought a new position in Calgon Carbon during the third quarter valued at approximately $14,034,000. 95.45% of the stock is owned by institutional investors and hedge funds.
In other Calgon Carbon news, EVP James Andrew Coccagno sold 2,100 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $21.35, for a total transaction of $44,835.00. Following the transaction, the executive vice president now owns 11,716 shares in the company, valued at $250,136.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 2.32% of the company’s stock.
Calgon Carbon Corporation (CCC) opened at $21.30 on Monday. Calgon Carbon Corporation has a twelve month low of $12.00 and a twelve month high of $22.10. The company has a current ratio of 2.80, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $1,083.54, a P/E ratio of 49.59 and a beta of 1.20.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th were issued a dividend of $0.05 per share. The ex-dividend date was Monday, December 4th. This represents a $0.20 annualized dividend and a yield of 0.94%. Calgon Carbon’s dividend payout ratio (DPR) is presently 166.68%.
Several brokerages recently weighed in on CCC. Zacks Investment Research lowered shares of Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Robert W. Baird lowered shares of Calgon Carbon from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 26th. Sidoti lowered shares of Calgon Carbon from a “buy” rating to a “neutral” rating and cut their price objective for the company from $22.00 to $20.00 in a research report on Monday, September 25th. Finally, Janney Montgomery Scott lowered shares of Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 price objective on the stock. in a research report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Calgon Carbon has a consensus rating of “Hold” and a consensus target price of $19.63.
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Calgon Carbon 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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