BlueCrest Capital Management Ltd purchased a new position in Calgon Carbon Co. (NYSE:CCC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,873 shares of the industrial products company’s stock, valued at approximately $658,000. BlueCrest Capital Management Ltd owned about 0.06% of Calgon Carbon as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of CCC. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Calgon Carbon during the fourth quarter worth $6,390,000. Alliancebernstein L.P. increased its stake in shares of Calgon Carbon by 83.1% during the fourth quarter. Alliancebernstein L.P. now owns 163,063 shares of the industrial products company’s stock valued at $3,473,000 after buying an additional 74,020 shares during the period. Water Island Capital LLC increased its stake in shares of Calgon Carbon by 32.3% during the fourth quarter. Water Island Capital LLC now owns 1,653,315 shares of the industrial products company’s stock valued at $35,216,000 after buying an additional 403,315 shares during the period. Geode Capital Management LLC increased its stake in shares of Calgon Carbon by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 415,407 shares of the industrial products company’s stock valued at $8,848,000 after buying an additional 2,799 shares during the period. Finally, Investors Research Corp purchased a new position in shares of Calgon Carbon during the fourth quarter valued at $831,000. Institutional investors own 92.49% of the company’s stock.
CCC remained flat at $$21.50 on Friday. Calgon Carbon Co. has a 52-week low of $12.00 and a 52-week high of $22.10. The company has a current ratio of 2.57, a quick ratio of 1.60 and a debt-to-equity ratio of 0.54.
Calgon Carbon (NYSE:CCC) last issued its quarterly earnings results on Thursday, March 1st. The industrial products company reported $0.16 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.02. Calgon Carbon had a return on equity of 6.63% and a net margin of 3.40%. The business had revenue of $161.55 million for the quarter, compared to analyst estimates of $161.25 million. equities research analysts forecast that Calgon Carbon Co. will post 0.71 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Friday, March 2nd.
CCC has been the topic of several research reports. Zacks Investment Research lowered Calgon Carbon from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. ValuEngine upgraded Calgon Carbon from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $20.83.
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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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