FMR LLC lowered its holdings in Chase Co. (NYSEMKT:CCF) by 2.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,266,132 shares of the construction company’s stock after selling 33,973 shares during the quarter. FMR LLC owned 13.68% of Chase worth $135,096,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Chase by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 325,213 shares of the construction company’s stock worth $34,700,000 after purchasing an additional 16,515 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Chase by 4.7% during the 2nd quarter. Northern Trust Corp now owns 92,828 shares of the construction company’s stock worth $9,904,000 after purchasing an additional 4,199 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new stake in shares of Chase during the 2nd quarter worth approximately $221,000. Lazard Asset Management LLC grew its holdings in shares of Chase by 14.5% during the 2nd quarter. Lazard Asset Management LLC now owns 182,118 shares of the construction company’s stock worth $19,431,000 after purchasing an additional 23,118 shares in the last quarter. Finally, Acrospire Investment Management LLC grew its holdings in shares of Chase by 4.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,351 shares of the construction company’s stock worth $144,000 after purchasing an additional 59 shares in the last quarter.
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Separately, BidaskClub upgraded Chase from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th.
Chase Co. (CCF) opened at 115.40 on Monday. The company has a market cap of $1.07 billion, a P/E ratio of 26.23 and a beta of 1.64. The firm has a 50-day moving average price of $103.92 and a 200 day moving average price of $103.49. Chase Co. has a 12 month low of $61.75 and a 12 month high of $117.50.
Chase Corporation is engaged in manufacturing of protective materials for reliability applications. The Company’s operating segments include industrial materials segment and construction materials segment. The Industrial Materials segment includes specified products that are used in, or integrated into, another company’s product, with demand typically dependent upon general economic conditions.
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