Metropolitan Life Insurance Co. NY Has $517,000 Stake in Calgon Carbon Corporation (CCC)
Metropolitan Life Insurance Co. NY lowered its position in Calgon Carbon Corporation (NYSE:CCC) by 5.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,410 shares of the industrial products company’s stock after selling 2,220 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Calgon Carbon Corporation were worth $517,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in Calgon Carbon Corporation by 10.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,703 shares of the industrial products company’s stock worth $113,000 after buying an additional 747 shares in the last quarter. BlueCrest Capital Management Ltd raised its stake in Calgon Carbon Corporation by 5.7% in the first quarter. BlueCrest Capital Management Ltd now owns 10,621 shares of the industrial products company’s stock worth $155,000 after buying an additional 571 shares in the last quarter. Narwhal Capital Management acquired a new stake in Calgon Carbon Corporation during the first quarter worth approximately $163,000. BNP Paribas Arbitrage SA raised its stake 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 worth $166,000 after buying an additional 51 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Calgon Carbon Corporation during the first quarter worth approximately $170,000. 81.41% of the stock is owned by hedge funds and other institutional investors.
Calgon Carbon Corporation (NYSE:CCC) traded up 3.33% during midday trading on Friday, reaching $13.95. 579,116 shares of the company traded hands. The company has a 50 day moving average of $15.50 and a 200-day moving average of $14.79. Calgon Carbon Corporation has a 12-month low of $13.10 and a 12-month high of $18.80. The stock has a market capitalization of $708.58 million, a P/E ratio of 100.36 and a beta of 1.09.
Calgon Carbon Corporation (NYSE:CCC) last released its quarterly earnings data on Friday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Calgon Carbon Corporation had a net margin of 1.27% and a return on equity of 5.46%. The firm had revenue of $153 million for the quarter, compared to analyst estimates of $151.18 million. During the same period last year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 15.4% compared to the same quarter last year. Equities analysts anticipate that Calgon Carbon Corporation will post $0.52 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, August 31st. Calgon Carbon Corporation’s dividend payout ratio (DPR) is 133.33%.
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A number of equities analysts have recently weighed in on CCC shares. BidaskClub cut shares of Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Sidoti started coverage on shares of Calgon Carbon Corporation in a research report on Wednesday, June 7th. They set a “buy” rating and a $18.00 price target on the stock. Janney Montgomery Scott cut shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $18.00 to $16.00 in a research report on Thursday, July 13th. ValuEngine raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. Finally, Zacks Investment Research raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.20.
In other Calgon Carbon Corporation news, Director J Rich Alexander sold 5,251 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $14.25, for a total value of $74,826.75. Following the transaction, the director now directly owns 24,183 shares of the company’s stock, valued at $344,607.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.32% of the stock is currently owned by company insiders.
About Calgon Carbon Corporation
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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