Calgon Carbon Corporation (NYSE:CCC) shares reached a new 52-week high on Thursday . The company traded as high as $21.40 and last traded at $21.40, with a volume of 18,041,088 shares. The stock had previously closed at $13.20.

CCC has been the topic of a number of research reports. BidaskClub raised shares of Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Sidoti initiated coverage on shares of Calgon Carbon Corporation in a research note on Wednesday, June 7th. They issued a “buy” rating and a $18.00 target price on the stock. Zacks Investment Research raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 13th. ValuEngine raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 3rd. Finally, Janney Montgomery Scott lowered shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $16.00 in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $18.20.

The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 153.96 and a beta of 1.14. The firm 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 released its quarterly earnings results on Friday, August 4th. The industrial products company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The business had revenue of $153.00 million for 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 company’s quarterly revenue was up 15.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 earnings per share. On average, equities research analysts predict that Calgon Carbon Corporation will post $0.50 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.52%. Calgon Carbon Corporation’s dividend payout ratio is presently 133.33%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Envestnet Asset Management Inc. lifted its stake in shares of Calgon Carbon Corporation by 10.7% during the first quarter. Envestnet Asset Management Inc. now owns 7,703 shares of the industrial products company’s stock valued at $113,000 after buying an additional 747 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Calgon Carbon Corporation by 79.3% during the second quarter. State of Alaska Department of Revenue now owns 10,023 shares of the industrial products company’s stock valued at $151,000 after buying an additional 4,433 shares during the period. BlueCrest Capital Management Ltd lifted its stake in shares of Calgon Carbon Corporation by 5.7% during the first quarter. BlueCrest Capital Management Ltd now owns 10,621 shares of the industrial products company’s stock valued at $155,000 after buying an additional 571 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of Calgon Carbon Corporation by 0.4% during 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. Finally, Piedmont Investment Advisors LLC purchased a new position in shares of Calgon Carbon Corporation during the second quarter valued at approximately $166,000. 85.19% of the stock is currently owned by institutional investors and hedge funds.

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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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