Calgon Carbon Co. (CCC) Holdings Boosted by Wells Fargo & Company MN
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.
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.
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%.
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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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