Cramer Rosenthal Mcglynn LLC lifted its stake in shares of Calgon Carbon Corporation (NYSE:CCC) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,250,905 shares of the industrial products company’s stock after purchasing an additional 141,154 shares during the period. Cramer Rosenthal Mcglynn LLC owned about 2.46% of Calgon Carbon Corporation worth $18,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CCC. Envestnet Asset Management Inc. increased 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 worth $113,000 after purchasing an additional 747 shares in the last quarter. State of Alaska Department of Revenue increased 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 worth $151,000 after purchasing an additional 4,433 shares in the last quarter. BlueCrest Capital Management Ltd increased 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 worth $155,000 after purchasing an additional 571 shares in the last quarter. BNP Paribas Arbitrage SA increased 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 worth $166,000 after purchasing an additional 51 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Calgon Carbon Corporation during the first quarter worth about $170,000. 85.19% of the stock is owned by institutional investors and hedge funds.

Calgon Carbon Corporation (NYSE CCC) traded down 0.342% during trading on Thursday, reaching $21.825. 195,776 shares of the company were exchanged. The stock has a 50 day moving average price of $15.29 and a 200 day moving average price of $14.79. The firm has a market capitalization of $1.11 billion, a PE ratio of 157.014 and a beta of 1.28. Calgon Carbon Corporation has a 12 month low of $12.00 and a 12 month high of $22.10.

Calgon Carbon Corporation (NYSE:CCC) last announced its quarterly earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. The business had revenue of $153.00 million during the quarter, compared to the consensus estimate of $151.18 million. Calgon Carbon Corporation had a net margin of 1.27% and a return on equity of 5.46%. The business’s revenue was up 15.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. On average, analysts expect that Calgon Carbon Corporation will post $0.50 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.91%. Calgon Carbon Corporation’s dividend payout ratio is presently 133.33%.

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A number of research firms have recently commented on CCC. Sidoti cut shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $22.00 to $20.00 in a research note on Monday, September 25th. Robert W. Baird boosted their target price on shares of Calgon Carbon Corporation from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, September 22nd. Janney Montgomery Scott cut shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $18.00 to $16.00 in a research note on Thursday, July 13th. BidaskClub raised shares of Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, Zacks Investment Research raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Calgon Carbon Corporation currently has an average rating of “Hold” and a consensus price target of $19.63.

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

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