Sei Investments Co. Increases Position in Calgon Carbon Corporation (CCC)

Sei Investments Co. increased its stake in Calgon Carbon Corporation (NYSE:CCC) by 26.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,208 shares of the industrial products company’s stock after acquiring an additional 3,598 shares during the period. Sei Investments Co.’s holdings in Calgon Carbon were worth $368,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Piedmont Investment Advisors LLC bought a new stake in Calgon Carbon in the second quarter worth $166,000. BlueCrest Capital Management Ltd lifted its stake in Calgon Carbon by 9.9% in the second quarter. BlueCrest Capital Management Ltd now owns 11,671 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 1,050 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its stake in Calgon Carbon by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the industrial products company’s stock worth $181,000 after purchasing an additional 510 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Calgon Carbon by 58.8% in the second quarter. BNP Paribas Arbitrage SA now owns 18,084 shares of the industrial products company’s stock worth $273,000 after purchasing an additional 6,694 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Calgon Carbon in the second quarter worth $281,000. Institutional investors own 95.45% of the company’s stock.

Several analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Calgon Carbon from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Robert W. Baird downgraded shares of Calgon Carbon from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 26th. Sidoti downgraded shares of Calgon Carbon from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $22.00 to $20.00 in a research note on Monday, September 25th. Janney Montgomery Scott downgraded shares of Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 price objective for the company. in a research note on Thursday, September 21st. Finally, BidaskClub downgraded shares of Calgon Carbon from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. Calgon Carbon presently has an average rating of “Hold” and a consensus price target of $19.63.

Calgon Carbon Corporation (CCC) opened at $21.45 on Wednesday. The company has a market cap of $1,087.35, a PE ratio of 49.77 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.80. Calgon Carbon Corporation has a one year low of $12.00 and a one year high of $22.10.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, December 4th. Calgon Carbon’s dividend payout ratio (DPR) is 166.68%.

In other news, EVP James Andrew Coccagno sold 2,100 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $21.35, for a total transaction of $44,835.00. Following the completion of the transaction, the executive vice president now directly owns 11,716 shares of the company’s stock, valued at $250,136.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.32% of the company’s stock.

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

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