BidaskClub cut shares of Chase Co. (NYSEMKT:CCF) from a buy rating to a hold rating in a research note published on Monday morning.

Chase (CCF) opened at 105.95 on Monday. The stock has a market cap of $980.89 million, a price-to-earnings ratio of 24.09 and a beta of 1.64. Chase has a one year low of $60.39 and a one year high of $116.15. The firm’s 50 day moving average price is $108.47 and its 200 day moving average price is $98.86.

Chase (NYSEMKT:CCF) last posted its earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. The business had revenue of $64.90 million for the quarter. Equities analysts forecast that Chase will post $1.91 earnings per share for the current year.

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In other Chase news, insider Peter R. Chase sold 1,000 shares of the stock in a transaction on Friday, May 5th. The shares were sold at an average price of $104.00, for a total value of $104,000.00. Following the completion of the sale, the insider now directly owns 499,803 shares of the company’s stock, valued at approximately $51,979,512. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director George M. Hughes sold 500 shares of the stock in a transaction on Monday, July 17th. The shares were sold at an average price of $109.46, for a total transaction of $54,730.00. Following the completion of the sale, the director now directly owns 1,899 shares of the company’s stock, valued at $207,864.54. The disclosure for this sale can be found here. Insiders sold a total of 1,600 shares of company stock worth $169,130 over the last quarter.

Hedge funds have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC increased its stake in shares of Chase by 23.7% in the second quarter. Campbell & CO Investment Adviser LLC now owns 2,977 shares of the construction company’s stock worth $318,000 after buying an additional 571 shares during the period. Acadian Asset Management LLC increased its stake in shares of Chase by 41.5% in the second quarter. Acadian Asset Management LLC now owns 14,745 shares of the construction company’s stock worth $1,574,000 after buying an additional 4,328 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Chase by 140.9% in the second quarter. Russell Investments Group Ltd. now owns 3,713 shares of the construction company’s stock worth $396,000 after buying an additional 2,172 shares during the period.

Chase Company Profile

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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