California Public Employees Retirement System Has $1,645,000 Position in Calgon Carbon Corp. (CCC)
California Public Employees Retirement System raised its position in shares of Calgon Carbon Corp. (NYSE:CCC) by 20.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,100 shares of the company’s stock after buying an additional 21,300 shares during the period. California Public Employees Retirement System owned about 0.25% of Calgon Carbon Corp. worth $1,645,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of Calgon Carbon Corp. by 717.9% in the first quarter. Royal Bank of Canada now owns 11,729 shares of the company’s stock valued at $164,000 after buying an additional 10,295 shares during the period. Menta Capital LLC purchased a new stake in shares of Calgon Carbon Corp. during the first quarter valued at approximately $182,000. BNP Paribas Arbitrage SA raised its stake in shares of Calgon Carbon Corp. by 94.0% in the second quarter. BNP Paribas Arbitrage SA now owns 17,671 shares of the company’s stock valued at $232,000 after buying an additional 8,560 shares during the period. Societe Generale purchased a new stake in shares of Calgon Carbon Corp. during the second quarter valued at approximately $277,000. Finally, BlackRock Inc. raised its stake in shares of Calgon Carbon Corp. by 11.2% in the first quarter. BlackRock Inc. now owns 22,511 shares of the company’s stock valued at $316,000 after buying an additional 2,269 shares during the period. 83.44% of the stock is currently owned by institutional investors.
Shares of Calgon Carbon Corp. (NYSE:CCC) traded down 1.77% on Friday, reaching $16.13. The company’s stock had a trading volume of 421,683 shares. The stock has a 50-day moving average of $14.88 and a 200 day moving average of $14.53. Calgon Carbon Corp. has a 1-year low of $12.70 and a 1-year high of $18.22. The stock has a market capitalization of $816.57 million, a PE ratio of 25.16 and a beta of 1.10.
Calgon Carbon Corp. (NYSE:CCC) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by $0.02. Calgon Carbon Corp. had a net margin of 6.42% and a return on equity of 8.36%. The firm earned $132.60 million during the quarter, compared to analyst estimates of $130.07 million. During the same quarter in the previous year, the business posted $0.24 EPS. Calgon Carbon Corp.’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, equities analysts forecast that Calgon Carbon Corp. will post $0.62 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd were paid a $0.05 dividend. The ex-dividend date was Wednesday, August 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.24%. Calgon Carbon Corp.’s payout ratio is currently 31.25%.
Several equities research analysts have recently commented on CCC shares. Zacks Investment Research raised Calgon Carbon Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, September 15th. Robert W. Baird raised Calgon Carbon Corp. from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $16.00 to $19.00 in a research note on Tuesday, October 4th. Finally, Avondale Partners raised Calgon Carbon Corp. from a “market perform” rating to an “outperform” rating and set a $16.00 target price on the stock in a research note on Monday, August 8th. One investment 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’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.43.
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.
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