California Public Employees Retirement System Has $1.28 Million Position in Calgon Carbon Corporation (CCC)

California Public Employees Retirement System decreased its stake in Calgon Carbon Corporation (NYSE:CCC) by 9.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 87,600 shares of the industrial products company’s stock after selling 8,700 shares during the period. California Public Employees Retirement System owned about 0.17% of Calgon Carbon Corporation worth $1,279,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Calgon Carbon Corporation during the fourth quarter valued at about $8,245,000. Princeton Alpha Management LP raised its position in shares of 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of 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 in the last quarter. Eqis Capital Management Inc. raised its position in shares of 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 in the last quarter. Finally, KBC Group NV raised its position in shares of Calgon Carbon Corporation by 0.4% in the first quarter. KBC Group NV now owns 260,779 shares of the industrial products company’s stock valued at $3,807,000 after buying an additional 989 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Calgon Carbon Corporation (NYSE CCC) opened at 13.00 on Friday. The firm has a market capitalization of $660.32 million, a P/E ratio of 93.53 and a beta of 1.09. Calgon Carbon Corporation has a one year low of $12.90 and a one year high of $18.80. The stock has a 50 day moving average price of $15.33 and a 200 day moving average price of $14.70.

Calgon Carbon Corporation (NYSE:CCC) last announced its earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company 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%. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. On average, equities analysts predict that Calgon Carbon Corporation will post $0.50 EPS for the current fiscal 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 given a dividend of $0.05 per share. The ex-dividend date is Thursday, August 31st. This represents a $0.20 annualized dividend and a yield of 1.54%. Calgon Carbon Corporation’s dividend payout ratio (DPR) is 133.33%.

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Several research firms have recently weighed in on CCC. BidaskClub lowered Calgon Carbon Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday. Zacks Investment Research lowered Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Janney Montgomery Scott lowered Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $18.00 to $16.00 in a research note on Thursday, July 13th. Sidoti reiterated a “buy” rating and issued a $20.00 price objective (up from $18.00) on shares of Calgon Carbon Corporation in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $18.20.

In related news, Director J Rich Alexander sold 5,251 shares of the business’s stock in a transaction that occurred on 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 $344,607.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.32% of the company’s stock.

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.

Institutional Ownership by Quarter for Calgon Carbon Corporation (NYSE:CCC)

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