Calgon Carbon Co. (NYSE:CCC) has received an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.75.
A number of equities analysts have weighed in on the stock. Zacks Investment Research cut shares of Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. ValuEngine upgraded shares of Calgon Carbon from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st.
Several institutional investors have recently added to or reduced their stakes in CCC. JPMorgan Chase & Co. grew its holdings in shares of Calgon Carbon by 981.6% during the third quarter. JPMorgan Chase & Co. now owns 853,931 shares of the industrial products company’s stock worth $18,274,000 after buying an additional 774,981 shares in the last quarter. Gabelli Funds LLC grew its holdings in shares of Calgon Carbon by 45.2% in the fourth quarter. Gabelli Funds LLC now owns 1,737,531 shares of the industrial products company’s stock valued at $37,009,000 after purchasing an additional 541,240 shares during the period. KBC Group NV grew its holdings in shares of Calgon Carbon by 117.0% in the fourth quarter. KBC Group NV now owns 775,050 shares of the industrial products company’s stock valued at $16,509,000 after purchasing an additional 417,856 shares during the period. Water Island Capital LLC grew its holdings in shares of Calgon Carbon by 32.3% in 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 purchasing an additional 403,315 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in shares of Calgon Carbon by 32.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,594,098 shares of the industrial products company’s stock valued at $33,954,000 after purchasing an additional 391,098 shares during the period. 92.49% of the stock is owned by institutional investors and hedge funds.
NYSE:CCC traded down $0.05 during trading hours on Friday, reaching $21.50. 2,804,200 shares of the company were exchanged, compared to its average volume of 1,464,459. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.60 and a current ratio of 2.57. Calgon Carbon has a twelve month low of $12.00 and a twelve month high of $22.10.
Calgon Carbon (NYSE:CCC) last posted its quarterly earnings data 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. The company had revenue of $161.55 million during the quarter, compared to analysts’ expectations of $161.25 million. Calgon Carbon had a net margin of 3.40% and a return on equity of 6.63%. sell-side analysts anticipate that Calgon Carbon will post 0.71 earnings per share for the current year.
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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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