Calgon Carbon Corporation (CCC) Downgraded by Robert W. Baird
A number of other brokerages have also issued reports on CCC. Sidoti lowered shares of Calgon Carbon Corporation from a buy rating to a neutral rating and dropped their price objective for the company from $22.00 to $20.00 in a report on Monday, September 25th. Janney Montgomery Scott lowered shares of Calgon Carbon Corporation from a buy rating to a neutral rating and dropped their price objective for the company from $18.00 to $16.00 in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Calgon Carbon Corporation from a sell rating to a hold rating in a report on Tuesday, July 11th. BidaskClub upgraded shares of Calgon Carbon Corporation from a hold rating to a buy rating in a report on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Calgon Carbon Corporation from a sell rating to a hold rating in a report on Saturday, June 3rd. Two investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. Calgon Carbon Corporation currently has an average rating of Hold and a consensus target price of $19.70.
Calgon Carbon Corporation (NYSE CCC) remained flat at $21.40 during midday trading on Tuesday. The company had a trading volume of 2,176,223 shares. Calgon Carbon Corporation has a one year low of $12.00 and a one year high of $21.45. The stock has a market cap of $1.09 billion, a PE ratio of 153.96 and a beta of 1.14. The company has a 50 day moving average price of $13.45 and a 200-day moving average price of $14.24.
Calgon Carbon Corporation (NYSE:CCC) last issued its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $153.00 million during the quarter, compared to analyst estimates of $151.18 million. Calgon Carbon Corporation had a net margin of 1.27% and a return on equity of 5.46%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business earned $0.15 EPS. On average, analysts expect that Calgon Carbon Corporation will post $0.50 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.20 annualized dividend and a yield of 0.93%. Calgon Carbon Corporation’s payout ratio is 133.33%.
A number of institutional investors have recently added to or reduced their stakes in CCC. BlackRock Inc. raised its holdings in Calgon Carbon Corporation by 18,763.5% during the 1st quarter. BlackRock Inc. now owns 6,327,956 shares of the industrial products company’s stock worth $92,388,000 after purchasing an additional 6,294,410 shares during the last quarter. Rutabaga Capital Management LLC MA bought a new position in Calgon Carbon Corporation during the 2nd quarter worth approximately $18,669,000. Dimensional Fund Advisors LP raised its holdings in Calgon Carbon Corporation by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,170,893 shares of the industrial products company’s stock worth $47,881,000 after purchasing an additional 315,651 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Calgon Carbon Corporation by 396.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 349,277 shares of the industrial products company’s stock worth $5,099,000 after purchasing an additional 278,907 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Calgon Carbon Corporation by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 4,621,432 shares of the industrial products company’s stock worth $67,473,000 after purchasing an additional 276,619 shares during the last quarter. Hedge funds and other institutional investors own 85.19% 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.
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