Virtu Financial LLC purchased a new position in Calgon Carbon Corporation (NYSE:CCC) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 38,595 shares of the industrial products company’s stock, valued at approximately $516,000. Virtu Financial LLC owned 0.08% of Calgon Carbon at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Zions Bancorporation bought a new position in Calgon Carbon in the third quarter worth approximately $169,000. Burren Capital Advisors Ltd bought a new position in Calgon Carbon in the third quarter worth approximately $1,648,000. Magnetar Financial LLC bought a new position in Calgon Carbon in the third quarter worth approximately $51,004,000. Allianz Asset Management GmbH bought a new position in Calgon Carbon in the third quarter worth approximately $25,744,000. Finally, KBC Group NV raised its position in Calgon Carbon by 33.9% in the third quarter. KBC Group NV now owns 357,194 shares of the industrial products company’s stock worth $7,644,000 after acquiring an additional 90,465 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Robert W. Baird downgraded shares of Calgon Carbon from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 26th. Sidoti downgraded 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 research report on Monday, September 25th. Janney Montgomery Scott downgraded shares of Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 price objective on the stock. in a research report on Thursday, September 21st. Finally, BidaskClub downgraded shares of Calgon Carbon from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Calgon Carbon presently has an average rating of “Hold” and a consensus target price of $19.63.
In other news, EVP James Andrew Coccagno sold 2,100 shares of the firm’s stock in a transaction 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 sale, the executive vice president now directly owns 11,716 shares in the company, valued at approximately $250,136.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.32% of the stock is owned by company insiders.
Shares of Calgon Carbon Corporation (NYSE:CCC) opened at $21.45 on Wednesday. The company has a market cap of $1,087.35, a price-to-earnings ratio of 49.77 and a beta of 1.20. Calgon Carbon Corporation 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 0.59, a quick ratio of 1.68 and a current ratio of 2.80.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. Calgon Carbon’s payout ratio is 166.68%.
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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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