Louisiana State Employees Retirement System continued to hold its position in shares of Calgon Carbon Corp. (NYSE:CCC) during the third quarter, Holdings Channel reports. The fund owned 22,400 shares of the company’s stock at the end of the third quarter. Louisiana State Employees Retirement System’s holdings in Calgon Carbon Corp. were worth $340,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Cambiar Investors LLC acquired a new position in shares of Calgon Carbon Corp. during the second quarter worth about $23,453,000. Dimensional Fund Advisors LP boosted its position in shares of Calgon Carbon Corp. by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,545,353 shares of the company’s stock worth $33,471,000 after buying an additional 109,208 shares during the last quarter. Parnassus Investments CA boosted its position in shares of Calgon Carbon Corp. by 25.4% in the second quarter. Parnassus Investments CA now owns 1,085,000 shares of the company’s stock worth $14,268,000 after buying an additional 220,000 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Calgon Carbon Corp. by 53.0% in the second quarter. First Trust Advisors LP now owns 283,842 shares of the company’s stock worth $3,733,000 after buying an additional 98,337 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Calgon Carbon Corp. during the second quarter worth about $166,000. 88.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Calgon Carbon Corp. (NYSE:CCC) traded up 0.84% during trading on Friday, hitting $17.95. 129,413 shares of the stock were exchanged. The firm’s 50 day moving average price is $16.12 and its 200-day moving average price is $14.84. Calgon Carbon Corp. has a 52 week low of $12.70 and a 52 week high of $18.25. The stock has a market cap of $908.88 million, a P/E ratio of 33.30 and a beta of 1.09.
Calgon Carbon Corp. (NYSE:CCC) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.01. The company had revenue of $124 million for the quarter, compared to analysts’ expectations of $127.46 million. Calgon Carbon Corp. had a return on equity of 6.93% and a net margin of 5.41%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. On average, analysts predict that Calgon Carbon Corp. will post $0.52 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Monday, December 5th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.11%. The ex-dividend date is Thursday, December 1st. Calgon Carbon Corp.’s payout ratio is 37.04%.
CCC has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Calgon Carbon Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 15th. Robert W. Baird raised shares of Calgon Carbon Corp. from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $16.00 to $19.00 in a research report on Tuesday, October 4th. Finally, Avondale Partners raised shares of Calgon Carbon Corp. from a “market perform” rating to an “outperform” rating and set a $16.00 price target on the stock in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $16.43.
In other Calgon Carbon Corp. news, Director William R. Newlin sold 34,014 shares of the firm’s stock in a transaction on Wednesday, November 9th. The stock was sold at an average price of $14.98, for a total transaction of $509,529.72. Following the completion of the transaction, the director now owns 206,483 shares of the company’s stock, valued at $3,093,115.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.31% of the company’s stock.
About Calgon Carbon Corp.
Calgon Carbon Corporation is engaged in the manufacture, supply, reactivation and application of activated carbons and the manufacture of ballast water treatment, ultraviolet light disinfection and ion-exchange (IX) technologies. The Company’s technologies are used for the treatment of drinking water, wastewater, ballast water, air emissions, and various industrial and commercial manufacturing processes.