BidaskClub downgraded shares of Calgon Carbon Corporation (NYSE:CCC) from a buy rating to a hold rating in a research report report published on Thursday.

CCC has been the subject of a number of other research reports. Zacks Investment Research upgraded Calgon Carbon Corporation from a sell rating to a hold rating in a report on Tuesday, July 11th. Roth Capital set a $16.00 price target on Calgon Carbon Corporation and gave the stock a hold rating in a report on Saturday, April 1st. Sidoti restated a buy rating and issued a $20.00 price target (up previously from $18.00) on shares of Calgon Carbon Corporation in a report on Wednesday, July 12th. ValuEngine upgraded Calgon Carbon Corporation from a sell rating to a hold rating in a report on Saturday, June 3rd. Finally, Janney Montgomery Scott cut Calgon Carbon Corporation from a buy rating to a neutral rating and decreased their price target for the stock from $18.00 to $16.00 in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $17.83.

Shares of Calgon Carbon Corporation (CCC) opened at 15.75 on Thursday. The firm has a market cap of $799.36 million, a PE ratio of 87.50 and a beta of 1.07. The company has a 50-day moving average of $15.41 and a 200 day moving average of $14.87. Calgon Carbon Corporation has a one year low of $12.89 and a one year high of $18.80.

Calgon Carbon Corporation (NYSE:CCC) last released its quarterly earnings results on Tuesday, May 9th. The industrial products company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.01. The firm had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $143.03 million. Calgon Carbon Corporation had a return on equity of 5.68% and a net margin of 1.70%. Calgon Carbon Corporation’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.11 EPS. On average, equities research analysts expect that Calgon Carbon Corporation will post $0.55 EPS for the current fiscal year.

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In other news, Director J Rich Alexander sold 5,251 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $14.25, for a total transaction of $74,826.75. Following the completion of the transaction, the director now directly owns 24,183 shares in the company, valued at approximately $344,607.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.32% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in CCC. BNP Paribas Arbitrage SA boosted its position in Calgon Carbon Corporation by 0.4% in the first quarter. BNP Paribas Arbitrage SA now owns 11,390 shares of the industrial products company’s stock valued at $166,000 after buying an additional 51 shares during the period. Louisiana State Employees Retirement System boosted its position in Calgon Carbon Corporation by 0.5% in 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 period. Arizona State Retirement System boosted its position in Calgon Carbon Corporation by 1.2% in the first quarter. Arizona State Retirement System now owns 26,339 shares of the industrial products company’s stock valued at $385,000 after buying an additional 300 shares during the period. Texas Permanent School Fund boosted its position in Calgon Carbon Corporation by 1.1% in the second quarter. Texas Permanent School Fund now owns 37,055 shares of the industrial products company’s stock valued at $560,000 after buying an additional 387 shares during the period. Finally, Municipal Employees Retirement System of Michigan boosted its position in Calgon Carbon Corporation by 4.5% in 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 period. Institutional investors own 81.67% of the company’s stock.

Calgon Carbon Corporation 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.

Analyst Recommendations for Calgon Carbon Corporation (NYSE:CCC)

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