New York State Teachers Retirement System maintained its position in shares of Calgon Carbon Co. (NYSE:CCC) during the fourth quarter, Holdings Channel reports. The fund owned 112,564 shares of the company’s stock at the end of the fourth quarter. New York State Teachers Retirement System’s holdings in Calgon Carbon were worth $1,914,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Municipal Employees Retirement System of Michigan raised its position in shares of Calgon Carbon by 2.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,300 shares of the company’s stock valued at $171,000 after buying an additional 250 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in Calgon Carbon by 11.2% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,011 shares of the company’s stock valued at $213,000 after buying an additional 1,416 shares during the last quarter. BlackRock Inc. raised its stake in Calgon Carbon by 5.4% in the third quarter. BlackRock Inc. now owns 34,772 shares of the company’s stock valued at $528,000 after buying an additional 1,794 shares during the last quarter. Rhumbline Advisers raised its stake in Calgon Carbon by 3.0% in the third quarter. Rhumbline Advisers now owns 83,770 shares of the company’s stock valued at $1,271,000 after buying an additional 2,455 shares during the last quarter. Finally, Comerica Bank raised its stake in Calgon Carbon by 5.7% in the fourth quarter. Comerica Bank now owns 54,163 shares of the company’s stock valued at $907,000 after buying an additional 2,916 shares during the last quarter. 83.79% of the stock is owned by hedge funds and other institutional investors.
Shares of Calgon Carbon Co. (NYSE:CCC) opened at 14.30 on Tuesday. The stock has a 50 day moving average of $15.12 and a 200 day moving average of $15.98. Calgon Carbon Co. has a 52-week low of $12.70 and a 52-week high of $18.80. The firm has a market cap of $724.22 million, a price-to-earnings ratio of 52.96 and a beta of 1.10.
Calgon Carbon (NYSE:CCC) last announced its earnings results on Friday, February 24th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.16 by $0.28. Calgon Carbon had a return on equity of 6.93% and a net margin of 5.41%. The firm earned $137.50 million during the quarter, compared to analyst estimates of $142.40 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities analysts predict that Calgon Carbon Co. will post $0.66 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Monday, March 6th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Thursday, March 2nd. Calgon Carbon’s payout ratio is 37.04%.
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Several equities research analysts have recently issued reports on CCC shares. Zacks Investment Research lowered shares of Calgon Carbon from a “buy” rating to a “hold” rating in a research report on Monday, January 9th. TheStreet lowered shares of Calgon Carbon from a “b-” rating to a “c+” rating in a research report on Thursday, January 12th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $19.00 price objective on shares of Calgon Carbon in a research report on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $18.00.
About Calgon Carbon
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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