State Board of Administration of Florida Retirement System decreased its stake in Calgon Carbon Corp. (NYSE:CCC) by 0.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,587 shares of the company’s stock after selling 141 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of Calgon Carbon Corp. worth $665,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of CCC. Prudential Financial Inc. boosted its position in shares of Calgon Carbon Corp. by 1.4% in the first quarter. Prudential Financial Inc. now owns 120,917 shares of the company’s stock valued at $1,695,000 after buying an additional 1,700 shares during the period. BlackRock Inc. boosted its position in shares of Calgon Carbon Corp. by 11.2% in the first quarter. BlackRock Inc. now owns 22,511 shares of the company’s stock valued at $316,000 after buying an additional 2,269 shares during the period. Arizona State Retirement System boosted its position in shares of Calgon Carbon Corp. by 2.0% in the first quarter. Arizona State Retirement System now owns 25,939 shares of the company’s stock valued at $364,000 after buying an additional 500 shares during the period. Kennedy Capital Management Inc. purchased a new position in shares of Calgon Carbon Corp. during the first quarter valued at about $351,000. Finally, Menta Capital LLC purchased a new position in shares of Calgon Carbon Corp. during the first quarter valued at about $182,000. 83.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of Calgon Carbon Corp. (NYSE:CCC) traded down 0.52% during mid-day trading on Friday, reaching $15.17. 187,408 shares of the company’s stock were exchanged. The company has a market capitalization of $767.97 million, a PE ratio of 23.67 and a beta of 1.10. Calgon Carbon Corp. has a one year low of $12.70 and a one year high of $18.22. The company’s 50-day moving average price is $14.64 and its 200-day moving average price is $14.48.
Calgon Carbon Corp. (NYSE:CCC) last issued its earnings results on Friday, August 5th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by $0.02. Calgon Carbon Corp. had a return on equity of 8.36% and a net margin of 6.42%. The business had revenue of $132.60 million for the quarter, compared to the consensus estimate of $130.07 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. On average, equities analysts expect that Calgon Carbon Corp. will post $0.62 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.32%. The ex-dividend date was Wednesday, August 31st. Calgon Carbon Corp.’s payout ratio is 31.25%.
CCC has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Calgon Carbon Corp. from a “sell” rating to a “hold” rating in a report on Friday, September 23rd. Avondale Partners raised shares of Calgon Carbon Corp. from a “market perform” rating to an “outperform” rating and set a $16.00 price objective for the company in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.00.
About Calgon Carbon Corp.
Calgon Carbon Corporation is engaged in the manufacture, supply, reactivation and application of activated carbons and the manufacture of ballast water treatment, ultraviolet light disinfection and ion-exchange (IX) technologies. The Company’s technologies are used for the treatment of drinking water, wastewater, ballast water, air emissions, and various industrial and commercial manufacturing processes.
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