Royce & Associates LP raised its position in shares of Chase Co. (NYSEAMERICAN:CCF) by 16.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 312,301 shares of the construction company’s stock after buying an additional 45,211 shares during the quarter. Royce & Associates LP’s holdings in Chase were worth $37,632,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its stake in shares of Chase by 1.1% during the 2nd quarter. Wells Fargo & Company MN now owns 5,938 shares of the construction company’s stock valued at $634,000 after acquiring an additional 62 shares during the period. Alliancebernstein L.P. grew its stake in shares of Chase by 3.4% during the 2nd quarter. Alliancebernstein L.P. now owns 9,200 shares of the construction company’s stock valued at $982,000 after acquiring an additional 300 shares during the period. Teachers Advisors LLC grew its stake in shares of Chase by 0.6% during the 2nd quarter. Teachers Advisors LLC now owns 13,307 shares of the construction company’s stock valued at $1,420,000 after acquiring an additional 80 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Chase by 1.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 33,228 shares of the construction company’s stock valued at $3,545,000 after acquiring an additional 438 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new position in shares of Chase during the 2nd quarter valued at approximately $221,000.
In related news, Director George M. Hughes sold 300 shares of the stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $114.78, for a total transaction of $34,434.00. Following the sale, the director now owns 1,599 shares in the company, valued at approximately $183,533.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kenneth James Feroldi sold 2,000 shares of the stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $116.31, for a total value of $232,620.00. Following the sale, the chief financial officer now owns 18,525 shares in the company, valued at approximately $2,154,642.75. The disclosure for this sale can be found here. Insiders have sold a total of 3,180 shares of company stock worth $362,264 over the last ninety days.
Separately, BidaskClub downgraded Chase from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th.
Chase Co. (NYSEAMERICAN CCF) opened at $107.65 on Monday. Chase Co. has a 52 week low of $83.35 and a 52 week high of $129.55. The firm has a market capitalization of $1,010.00, a P/E ratio of 25.51 and a beta of 0.89.
Chase (NYSEAMERICAN:CCF) last issued its quarterly earnings data on Monday, January 8th. The construction company reported $0.88 earnings per share (EPS) for the quarter. The business had revenue of $61.92 million for the quarter. Chase had a return on equity of 15.54% and a net margin of 13.43%.
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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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