Wolverine Asset Management LLC purchased a new position in shares of Calgon Carbon Co. (NYSE:CCC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 283,451 shares of the industrial products company’s stock, valued at approximately $6,037,000. Wolverine Asset Management LLC owned about 0.56% of Calgon Carbon at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Zions Bancorporation acquired a new stake in shares of Calgon Carbon during the 3rd quarter worth approximately $169,000. LMR Partners LLP acquired a new stake in Calgon Carbon in the 3rd quarter valued at approximately $200,000. Aperio Group LLC acquired a new stake in Calgon Carbon in the 4th quarter valued at approximately $220,000. Tower Research Capital LLC TRC increased its holdings in Calgon Carbon by 122.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 10,518 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 5,794 shares during the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new stake in Calgon Carbon in the 4th quarter valued at approximately $298,000. Institutional investors and hedge funds own 92.49% of the company’s stock.
Calgon Carbon Co. (NYSE:CCC) traded down $0.05 during trading on Friday, reaching $21.50. 2,804,200 shares of the company traded hands, compared to its average volume of 1,464,459. Calgon Carbon Co. has a 12-month low of $12.00 and a 12-month high of $22.10. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.57 and a quick ratio of 1.60. The firm has a market cap of $1,090.00, a P/E ratio of 39.09 and a beta of 1.03.
Calgon Carbon (NYSE:CCC) last issued its quarterly earnings results on Thursday, March 1st. The industrial products company reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. Calgon Carbon had a net margin of 3.40% and a return on equity of 6.63%. The company had revenue of $161.55 million during the quarter, compared to analysts’ expectations of $161.25 million. research analysts predict that Calgon Carbon Co. will post 0.71 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Monday, March 5th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $0.20 annualized dividend and a yield of 0.93%. Calgon Carbon’s dividend payout ratio is presently 36.36%.
Several analysts recently weighed in on the stock. ValuEngine upgraded shares of Calgon Carbon from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research downgraded shares of Calgon Carbon from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Calgon Carbon presently has a consensus rating of “Hold” and an average price target of $19.63.
About Calgon Carbon
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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