Calgon Carbon Corporation (NYSE:CCC) has earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $19.17.

Several research analysts have recently weighed in on CCC shares. Zacks Investment Research cut shares of Calgon Carbon from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub cut shares of Calgon Carbon from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Robert W. Baird cut shares of Calgon Carbon from an “outperform” rating to a “hold” rating in a report on Tuesday, September 26th. Sidoti cut shares of Calgon Carbon from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $20.00 in a report on Monday, September 25th. Finally, Janney Montgomery Scott cut shares of Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 price objective for the company. in a report on Thursday, September 21st.

Calgon Carbon (NYSE CCC) opened at $21.50 on Monday. The company has a quick ratio of 1.68, a current ratio of 2.80 and a debt-to-equity ratio of 0.59. Calgon Carbon has a 52 week low of $12.00 and a 52 week high of $22.10. The stock has a market cap of $1,092.44, a P/E ratio of 50.00 and a beta of 1.20.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, December 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. Calgon Carbon’s dividend payout ratio is currently 166.68%.

In other Calgon Carbon news, EVP James Andrew Coccagno sold 2,100 shares of the company’s stock in a transaction that occurred on 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 sale, 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 filing with the SEC, which can be accessed through this link. 2.32% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors LLC purchased a new stake in shares of Calgon Carbon in the second quarter worth $166,000. Zions Bancorporation purchased a new stake in shares of Calgon Carbon in the third quarter worth $169,000. BlueCrest Capital Management Ltd increased its stake in shares of 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 in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of 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 in the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of Calgon Carbon in the third quarter worth $200,000. 95.45% of the stock is owned by institutional investors and hedge funds.

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About Calgon Carbon

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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