Arizona State Retirement System increased its position in Calgon Carbon Co. (NYSE:CCC) by 224.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,400 shares of the industrial products company’s stock after acquiring an additional 59,061 shares during the quarter. Arizona State Retirement System owned about 0.17% of Calgon Carbon worth $1,819,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Magnetar Financial LLC bought a new stake in Calgon Carbon during the third quarter valued at approximately $51,004,000. Allianz Asset Management GmbH bought a new stake in Calgon Carbon during the third quarter valued at approximately $25,744,000. JPMorgan Chase & Co. lifted its position in Calgon Carbon by 981.6% during the third quarter. JPMorgan Chase & Co. now owns 853,931 shares of the industrial products company’s stock valued at $18,274,000 after purchasing an additional 774,981 shares during the last quarter. Gabelli Funds LLC lifted its position in Calgon Carbon by 45.2% during the fourth quarter. Gabelli Funds LLC now owns 1,737,531 shares of the industrial products company’s stock valued at $37,009,000 after purchasing an additional 541,240 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Calgon Carbon during the third quarter valued at approximately $11,050,000. Institutional investors own 92.49% of the company’s stock.
CCC has been the subject of several research analyst reports. Zacks Investment Research lowered shares of Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. ValuEngine upgraded shares of Calgon Carbon from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Calgon Carbon has an average rating of “Hold” and a consensus price target of $19.63.
Calgon Carbon (NYSE:CCC) last posted its quarterly earnings results on Thursday, March 1st. The industrial products company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $161.55 million for the quarter, compared to the consensus estimate of $161.25 million. Calgon Carbon had a net margin of 3.40% and a return on equity of 6.63%. equities research analysts anticipate that Calgon Carbon Co. will post 0.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, March 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 Friday, March 2nd. Calgon Carbon’s dividend payout ratio (DPR) is presently 36.36%.
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Calgon Carbon Company 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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