Calgon Carbon Corporation (NYSE:CCC) Receives Average Recommendation of “Hold” from Analysts

Shares of Calgon Carbon Corporation (NYSE:CCC) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $17.75.

A number of research analysts recently weighed in on the company. Janney Montgomery Scott lowered Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $18.00 to $16.00 in a report on Thursday, July 13th. Sidoti restated a “buy” rating and issued a $20.00 price objective (up from $18.00) on shares of Calgon Carbon Corporation in a research report on Wednesday, July 12th. Zacks Investment Research upgraded Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub upgraded Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, ValuEngine upgraded Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd.

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In related news, Director J Rich Alexander sold 5,251 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $14.25, for a total value of $74,826.75. Following the completion of the transaction, the director now directly owns 24,183 shares in the company, valued at $344,607.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.32% of the company’s stock.

A number of large investors have recently made changes to their positions in CCC. Dimensional Fund Advisors LP raised its stake in shares of Calgon Carbon Corporation by 11.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,170,893 shares of the industrial products company’s stock valued at $47,881,000 after buying an additional 315,651 shares in the last quarter. Connors Investor Services Inc. raised its stake in shares of Calgon Carbon Corporation by 1.7% in the second quarter. Connors Investor Services Inc. now owns 159,161 shares of the industrial products company’s stock valued at $2,403,000 after buying an additional 2,712 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Calgon Carbon Corporation by 2.3% in the second quarter. Vanguard Group Inc. now owns 4,729,298 shares of the industrial products company’s stock valued at $71,412,000 after buying an additional 107,866 shares in the last quarter. Northern Trust Corp raised its stake in shares of Calgon Carbon Corporation by 1.3% in the second quarter. Northern Trust Corp now owns 654,260 shares of the industrial products company’s stock valued at $9,878,000 after buying an additional 8,617 shares in the last quarter. Finally, Isthmus Partners LLC raised its stake in shares of Calgon Carbon Corporation by 22.7% in the second quarter. Isthmus Partners LLC now owns 52,691 shares of the industrial products company’s stock valued at $796,000 after buying an additional 9,751 shares in the last quarter. Institutional investors own 81.41% of the company’s stock.

Calgon Carbon Corporation (NYSE:CCC) opened at 13.95 on Friday. Calgon Carbon Corporation has a 12-month low of $13.10 and a 12-month high of $18.80. The firm has a market cap of $708.58 million, a P/E ratio of 100.36 and a beta of 1.09. The stock’s 50 day moving average is $15.50 and its 200 day moving average is $14.79.

Calgon Carbon Corporation (NYSE:CCC) last announced its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.14. Calgon Carbon Corporation had a return on equity of 5.46% and a net margin of 1.27%. The firm had revenue of $153 million for the quarter, compared to analyst estimates of $151.18 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. Calgon Carbon Corporation’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities research analysts expect that Calgon Carbon Corporation will post $0.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be paid a $0.05 dividend. The ex-dividend date is Thursday, August 31st. This represents a $0.20 annualized dividend and a yield of 1.43%. Calgon Carbon Corporation’s payout ratio is currently 133.33%.

Calgon Carbon Corporation Company 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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