Wells Fargo & Company MN grew its holdings in Calgon Carbon Co. (NYSE:CCC) by 102.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 420,861 shares of the industrial products company’s stock after purchasing an additional 212,637 shares during the quarter. Wells Fargo & Company MN’s holdings in Calgon Carbon were worth $8,964,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Calgon Carbon by 6.2% in the third quarter. Dimensional Fund Advisors LP now owns 3,367,237 shares of the industrial products company’s stock worth $72,059,000 after purchasing an additional 196,344 shares in the last quarter. Magnetar Financial LLC acquired a new position in Calgon Carbon in the third quarter worth $51,004,000. Gabelli Funds LLC boosted its stake in 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 worth $37,009,000 after purchasing an additional 541,240 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Calgon Carbon during the third quarter valued at $25,744,000. Finally, JPMorgan Chase & Co. lifted its stake 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 valued at $18,274,000 after acquiring an additional 774,981 shares during the period. 92.49% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

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 Tuesday, January 23rd. ValuEngine raised Calgon Carbon from a “hold” rating to a “buy” rating in a research note 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 issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.63.

Shares of 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. The company has a quick ratio of 1.60, a current ratio of 2.57 and a debt-to-equity ratio of 0.54. Calgon Carbon Co. has a fifty-two week low of $12.00 and a fifty-two week high of $22.10.

Calgon Carbon (NYSE:CCC) last released its quarterly earnings data on Thursday, March 1st. The industrial products company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $161.55 million during the quarter, compared to the consensus estimate of $161.25 million. Calgon Carbon had a return on equity of 6.63% and a net margin of 3.40%. equities analysts expect that Calgon Carbon Co. will post 0.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Monday, March 5th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. Calgon Carbon’s dividend payout ratio is presently 36.36%.

TRADEMARK VIOLATION NOTICE: “Calgon Carbon Co. (CCC) Holdings Boosted by Wells Fargo & Company MN” was first published by Watch List News and is owned by of Watch List News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.watchlistnews.com/calgon-carbon-co-ccc-holdings-boosted-by-wells-fargo-company-mn/1960109.html.

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.

Want to see what other hedge funds are holding CCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calgon Carbon Co. (NYSE:CCC).

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

Receive News & Ratings for Calgon Carbon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calgon Carbon and related companies with MarketBeat.com's FREE daily email newsletter.