Calgon Carbon Corp. (CCC) Sets New 52-Week Low at $12.70
Calgon Carbon Corp. (NYSE:CCC) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $12.70 and last traded at $13.12, with a volume of 102,127 shares traded. The stock had previously closed at $12.92.
CCC has been the subject of a number of recent research reports. Janney Montgomery Scott initiated coverage on Calgon Carbon Corp. in a research note on Tuesday, May 10th. They set a “buy” rating and a $20.00 price objective for the company. Robert W. Baird restated a “hold” rating on shares of Calgon Carbon Corp. in a research note on Friday, April 15th. Wedbush lowered their price objective on Calgon Carbon Corp. from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Monday, May 9th. Finally, Oppenheimer Holdings Inc. initiated coverage on Calgon Carbon Corp. in a research note on Wednesday, June 1st. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.00.
The firm has a market capitalization of $658.66 million and a P/E ratio of 18.03. The stock has a 50-day moving average of $14.34 and a 200-day moving average of $15.07.
Calgon Carbon Corp. (NYSE:CCC) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by $0.05. The business earned $120.20 million during the quarter, compared to the consensus estimate of $126.07 million. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.21 EPS. Equities analysts expect that Calgon Carbon Corp. will post $0.70 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Monday, June 6th were given a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.54%.
Several institutional investors recently bought and sold shares of the company. Highlander Capital Management LLC increased its position in Calgon Carbon Corp. by 19.2% in the fourth quarter. Highlander Capital Management LLC now owns 69,600 shares of the company’s stock valued at $1,201,000 after buying an additional 11,200 shares during the period. Rhumbline Advisers increased its position in Calgon Carbon Corp. by 7.1% in the fourth quarter. Rhumbline Advisers now owns 80,500 shares of the company’s stock valued at $1,389,000 after buying an additional 5,350 shares during the period. Royce & Associates LLC increased its position in Calgon Carbon Corp. by 62.3% in the fourth quarter. Royce & Associates LLC now owns 157,473 shares of the company’s stock valued at $2,716,000 after buying an additional 60,458 shares during the period. PNC Financial Services Group Inc. increased its position in Calgon Carbon Corp. by 9.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 193,926 shares of the company’s stock valued at $3,345,000 after buying an additional 17,478 shares during the period. Finally, First Trust Advisors LP increased its position in Calgon Carbon Corp. by 18.8% in the fourth quarter. First Trust Advisors LP now owns 250,430 shares of the company’s stock valued at $4,320,000 after buying an additional 39,620 shares during the period.
Calgon Carbon Corporation is engaged in the manufacture, supply, reactivation and application of activated carbons and the manufacture of ballast water treatment (BWT), ultraviolet (UV) light disinfection and ion-exchange (IX) technologies. The Company’s technologies are used for the treatment of drinking water, wastewater, ballast water, air emissions.
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