Chemours Company (The) (CC) SVP Sells $1,019,920.00 in Stock
Chemours Company (The) (NYSE:CC) SVP David C. Shelton sold 19,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $53.68, for a total value of $1,019,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
David C. Shelton also recently made the following trade(s):
- On Thursday, August 31st, David C. Shelton sold 13,337 shares of Chemours Company (The) stock. The shares were sold at an average price of $48.48, for a total value of $646,577.76.
Shares of Chemours Company (NYSE CC) traded up 2.66% during trading on Thursday, reaching $54.43. The company had a trading volume of 1,740,010 shares. The firm has a market capitalization of $10.06 billion, a P/E ratio of 35.62 and a beta of 3.59. Chemours Company has a 12 month low of $14.41 and a 12 month high of $54.47. The firm’s 50 day moving average price is $51.28 and its 200 day moving average price is $51.28.
Chemours Company (The) (NYSE:CC) last announced its earnings results on Wednesday, August 2nd. The specialty chemicals company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Chemours Company (The) had a return on equity of 122.97% and a net margin of 4.96%. Chemours Company (The)’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. Equities analysts predict that Chemours Company will post $3.51 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 17th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.22%. The ex-dividend date was Tuesday, August 15th. Chemours Company (The)’s dividend payout ratio (DPR) is presently 8.11%.
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Several equities analysts have recently weighed in on CC shares. Zacks Investment Research upgraded Chemours Company (The) from a “hold” rating to a “strong-buy” rating and set a $51.00 target price on the stock in a research report on Friday, July 14th. BidaskClub downgraded Chemours Company (The) from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Jefferies Group LLC restated a “buy” rating and issued a $48.00 target price on shares of Chemours Company (The) in a research report on Friday, June 16th. Citigroup Inc. raised their target price on Chemours Company (The) from $45.00 to $59.00 and gave the company a “buy” rating in a research report on Friday, August 4th. Finally, J P Morgan Chase & Co raised their target price on Chemours Company (The) to $55.00 and gave the company an “overweight” rating in a research report on Friday, August 4th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $52.75.
A number of large investors have recently made changes to their positions in CC. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Chemours Company (The) during the 1st quarter valued at $450,000. Stifel Financial Corp grew its holdings in Chemours Company (The) by 6.3% during the 1st quarter. Stifel Financial Corp now owns 19,401 shares of the specialty chemicals company’s stock valued at $749,000 after buying an additional 1,146 shares during the last quarter. Cipher Capital LP acquired a new stake in Chemours Company (The) during the 1st quarter valued at $320,000. Victory Capital Management Inc. acquired a new stake in Chemours Company (The) during the 1st quarter valued at $6,461,000. Finally, Schroder Investment Management Group acquired a new stake in Chemours Company (The) during the 1st quarter valued at $156,000. Hedge funds and other institutional investors own 72.90% of the company’s stock.
About Chemours Company (The)
The Chemours Company is a provider of performance chemicals. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2). The Fluoroproducts segment is a provider of fluoroproducts, including refrigerants and industrial fluoropolymer resins.
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