Schwab Charles Investment Management Inc. raised its stake in Calgon Carbon Corporation (NYSE:CCC) by 7.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 322,689 shares of the industrial products company’s stock after buying an additional 21,451 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Calgon Carbon Corporation were worth $4,712,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in Calgon Carbon Corporation during the fourth quarter valued at approximately $8,245,000. Dimensional Fund Advisors LP increased its stake in Calgon Carbon Corporation by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,855,242 shares of the industrial products company’s stock valued at $41,686,000 after buying an additional 193,581 shares during the last quarter. Princeton Alpha Management LP increased its stake in Calgon Carbon Corporation by 20.0% in the first quarter. Princeton Alpha Management LP now owns 20,249 shares of the industrial products company’s stock valued at $296,000 after buying an additional 3,381 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Calgon Carbon Corporation by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 1,503,373 shares of the industrial products company’s stock valued at $21,948,000 after buying an additional 10,322 shares during the last quarter. Finally, Eqis Capital Management Inc. increased its stake in Calgon Carbon Corporation by 14.2% in the first quarter. Eqis Capital Management Inc. now owns 11,846 shares of the industrial products company’s stock valued at $173,000 after buying an additional 1,472 shares during the last quarter. 81.41% of the stock is owned by institutional investors.
Shares of Calgon Carbon Corporation (CCC) traded up 3.33% during midday trading on Friday, reaching $13.95. 579,116 shares of the company’s stock were exchanged. The stock has a market capitalization of $708.58 million, a P/E ratio of 100.36 and a beta of 1.09. Calgon Carbon Corporation has a 12-month low of $13.10 and a 12-month high of $18.80. The firm has a 50-day moving average of $15.50 and a 200-day moving average of $14.79.
Calgon Carbon Corporation (NYSE:CCC) last released its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $153 million during the quarter, compared to analyst estimates of $151.18 million. Calgon Carbon Corporation had a net margin of 1.27% and a return on equity of 5.46%. Calgon Carbon Corporation’s revenue was up 15.4% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. Analysts anticipate that Calgon Carbon Corporation will post $0.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.43%. Calgon Carbon Corporation’s dividend payout ratio is currently 133.33%.
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CCC has been the subject of several recent research reports. Zacks Investment Research raised shares of Calgon Carbon Corporation from a “strong sell” rating to a “hold” rating in a research report on Monday, May 1st. Sidoti initiated coverage on shares of Calgon Carbon Corporation in a research report on Wednesday, June 7th. They set a “buy” rating and a $18.00 target price for the company. BidaskClub raised shares of Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. ValuEngine raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, Janney Montgomery Scott downgraded shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $16.00 in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.20.
In other Calgon Carbon Corporation news, Director J Rich Alexander sold 5,251 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $14.25, for a total transaction of $74,826.75. Following the completion of the sale, the director now directly owns 24,183 shares in the company, valued at approximately $344,607.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.32% of the stock is currently owned by company insiders.
About Calgon Carbon Corporation
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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