OppenheimerFunds Inc. lowered its stake in shares of Calgon Carbon Co. (NYSE:CCC) by 12.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 74,799 shares of the industrial products company’s stock after selling 10,808 shares during the period. OppenheimerFunds Inc. owned approximately 0.15% of Calgon Carbon worth $1,593,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Calgon Carbon by 1.9% during the fourth quarter. BlackRock Inc. now owns 6,485,473 shares of the industrial products company’s stock valued at $138,140,000 after buying an additional 118,675 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Calgon Carbon by 6.2% during the third quarter. Dimensional Fund Advisors LP now owns 3,367,237 shares of the industrial products company’s stock valued at $72,059,000 after buying an additional 196,344 shares during the last quarter. Magnetar Financial LLC acquired a new position in shares of Calgon Carbon during the third quarter valued at about $51,004,000. Gabelli Funds LLC raised its position in shares of 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 buying an additional 541,240 shares during the last quarter. Finally, State Street Corp raised its position in shares of Calgon Carbon by 5.5% during the second quarter. State Street Corp now owns 1,207,211 shares of the industrial products company’s stock valued at $18,231,000 after buying an additional 63,299 shares during the last quarter. 92.49% of the stock is owned by institutional investors and hedge funds.
Calgon Carbon Co. (CCC) opened at $21.50 on Wednesday. Calgon Carbon Co. has a 52-week low of $12.00 and a 52-week high of $22.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.57 and a quick ratio of 1.60. The stock has a market cap of $1,090.00, a PE ratio of 39.09 and a beta of 1.03.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Monday, March 5th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Friday, March 2nd. Calgon Carbon’s dividend payout ratio (DPR) is presently 36.36%.
A number of research analysts have recently commented on the stock. ValuEngine raised shares of Calgon Carbon from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered shares of Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.63.
Calgon Carbon 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.
Receive News & Ratings for Calgon Carbon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calgon Carbon and related companies with MarketBeat.com's FREE daily email newsletter.