Rhumbline Advisers grew its position in shares of Calgon Carbon Co. (NYSE:CCC) by 14.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,122 shares of the industrial products company’s stock after purchasing an additional 16,397 shares during the period. Rhumbline Advisers owned approximately 0.25% of Calgon Carbon worth $2,708,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its position in shares of Calgon Carbon by 0.4% during the second quarter. The Manufacturers Life Insurance Company now owns 39,264 shares of the industrial products company’s stock valued at $593,000 after purchasing an additional 156 shares in the last quarter. Sei Investments Co. grew its position in shares of Calgon Carbon by 26.4% during the third quarter. Sei Investments Co. now owns 17,208 shares of the industrial products company’s stock valued at $368,000 after purchasing an additional 3,598 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of Calgon Carbon by 1.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 377,117 shares of the industrial products company’s stock valued at $8,071,000 after purchasing an additional 5,550 shares in the last quarter. Legal & General Group Plc grew its position in Calgon Carbon by 5.9% in the third quarter. Legal & General Group Plc now owns 101,270 shares of the industrial products company’s stock worth $2,167,000 after acquiring an additional 5,641 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its position in Calgon Carbon by 59.2% in the third quarter. Municipal Employees Retirement System of Michigan now owns 19,040 shares of the industrial products company’s stock worth $407,000 after acquiring an additional 7,080 shares in the last quarter. Hedge funds and other institutional investors own 92.49% of the company’s stock.
Calgon Carbon Co. (NYSE CCC) opened at $21.50 on Friday. The company has a market capitalization of $1,090.00, a PE ratio of 39.09 and a beta of 1.03. Calgon Carbon Co. has a 12-month low of $12.00 and a 12-month 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.
Calgon Carbon (NYSE:CCC) last released its quarterly earnings results on Thursday, March 1st. The industrial products company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The company had revenue of $161.55 million during the quarter, compared to analyst estimates of $161.25 million. Calgon Carbon had a return on equity of 6.63% and a net margin of 3.40%. analysts expect that Calgon Carbon Co. will post 0.71 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 0.93%. The ex-dividend date was Friday, March 2nd. Calgon Carbon’s payout ratio is currently 36.36%.
CCC has been the subject of several recent research reports. Zacks Investment Research lowered Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. ValuEngine upgraded 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 issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.63.
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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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