Allianz Asset Management GmbH acquired a new stake in shares of Calgon Carbon Corporation (NYSE:CCC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,203,000 shares of the industrial products company’s stock, valued at approximately $25,744,000. Allianz Asset Management GmbH owned about 2.37% of Calgon Carbon at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CCC. Teachers Advisors LLC grew its stake in shares of Calgon Carbon by 1.4% during the first quarter. Teachers Advisors LLC now owns 84,269 shares of the industrial products company’s stock valued at $1,230,000 after buying an additional 1,195 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Calgon Carbon by 7.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 322,689 shares of the industrial products company’s stock valued at $4,712,000 after buying an additional 21,451 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Calgon Carbon by 0.5% during the second quarter. Louisiana State Employees Retirement System now owns 20,700 shares of the industrial products company’s stock valued at $313,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of Calgon Carbon by 4.5% during the second quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the industrial products company’s stock valued at $181,000 after buying an additional 510 shares during the last quarter. Finally, Texas Permanent School Fund grew its stake in shares of Calgon Carbon by 1.1% in the second quarter. Texas Permanent School Fund now owns 37,055 shares of the industrial products company’s stock worth $560,000 after purchasing an additional 387 shares during the last quarter. 95.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Calgon Carbon Corporation (NYSE CCC) opened at $21.50 on Monday. The company has a quick ratio of 1.68, a current ratio of 2.80 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1,092.44, a PE ratio of 50.00 and a beta of 1.20. Calgon Carbon Corporation has a 12 month low of $12.00 and a 12 month high of $22.10.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be paid a $0.05 dividend. The ex-dividend date is Monday, December 4th. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. Calgon Carbon’s payout ratio is presently 166.68%.

In related news, EVP James Andrew Coccagno sold 2,100 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $21.35, for a total value of $44,835.00. Following the sale, the executive vice president now directly owns 11,716 shares of the company’s stock, valued at $250,136.60. The transaction 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.

CCC has been the topic of several recent analyst reports. Zacks Investment Research cut Calgon Carbon from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. BidaskClub cut Calgon Carbon from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Robert W. Baird cut Calgon Carbon from an “outperform” rating to a “hold” rating in a research note on Tuesday, September 26th. Sidoti cut Calgon Carbon from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $20.00 in a research note on Monday, September 25th. Finally, Janney Montgomery Scott cut Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 target price on the stock. in a research note on Thursday, September 21st. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $19.63.

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Calgon Carbon 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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Institutional Ownership by Quarter for Calgon Carbon (NYSE:CCC)

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