Heartland Advisors Inc. Takes Position in Calgon Carbon Corporation (CCC)
Heartland Advisors Inc. purchased a new stake in Calgon Carbon Corporation (NYSE:CCC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the industrial products company’s stock, valued at approximately $1,510,000. Heartland Advisors Inc. owned 0.20% of Calgon Carbon Corporation as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in Calgon Carbon Corporation by 18,763.5% in the first quarter. BlackRock Inc. now owns 6,327,956 shares of the industrial products company’s stock valued at $92,388,000 after buying an additional 6,294,410 shares during the period. BlueCrest Capital Management Ltd raised its position 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 valued at $155,000 after buying an additional 571 shares during the period. Rockefeller Financial Services Inc. raised its position in Calgon Carbon Corporation by 13.6% in the second quarter. Rockefeller Financial Services Inc. now owns 42,777 shares of the industrial products company’s stock valued at $646,000 after buying an additional 5,126 shares during the period. Dimensional Fund Advisors LP raised its position in Calgon Carbon Corporation by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,855,242 shares of the industrial products company’s stock valued at $41,686,000 after buying an additional 193,581 shares during the period. Finally, Bank of America Corp DE raised its position in Calgon Carbon Corporation by 19.5% in the first quarter. Bank of America Corp DE now owns 369,857 shares of the industrial products company’s stock valued at $5,399,000 after buying an additional 60,445 shares during the period. 85.19% of the stock is currently owned by institutional investors.
Calgon Carbon Corporation (NYSE:CCC) opened at 12.65 on Friday. The firm has a market cap of $642.54 million, a price-to-earnings ratio of 91.01 and a beta of 1.15. The stock has a 50 day moving average price of $14.41 and a 200-day moving average price of $14.44. Calgon Carbon Corporation has a 12-month low of $12.00 and a 12-month high of $18.80.
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, hitting the consensus estimate of $0.14. The business had revenue of $153 million for the quarter, compared to the consensus estimate of $151.18 million. Calgon Carbon Corporation had a return on equity of 5.46% and a net margin of 1.27%. The business’s revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. Equities analysts forecast that Calgon Carbon Corporation will post $0.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, August 31st. Calgon Carbon Corporation’s dividend payout ratio (DPR) is 133.33%.
ILLEGAL ACTIVITY WARNING: “Heartland Advisors Inc. Takes Position in Calgon Carbon Corporation (CCC)” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this article on another publication, it was stolen and republished in violation of United States and international copyright & trademark legislation. The legal version of this article can be accessed at https://theolympiareport.com/2017/09/03/heartland-advisors-inc-takes-position-in-calgon-carbon-corporation-ccc.html.
CCC has been the topic of several research analyst reports. Zacks Investment Research raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Sidoti assumed coverage on Calgon Carbon Corporation in a report on Wednesday, June 7th. They issued a “buy” rating and a $18.00 target price on the stock. BidaskClub lowered Calgon Carbon Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. ValuEngine raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, Janney Montgomery Scott lowered Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $18.00 to $16.00 in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Calgon Carbon Corporation presently has a consensus rating of “Hold” and a consensus price target of $18.20.
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.
Want to see what other hedge funds are holding CCC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Calgon Carbon Corporation (NYSE:CCC).
Receive News & Ratings for Calgon Carbon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calgon Carbon Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.