US Bancorp DE decreased its position in Calgon Carbon Corporation (NYSE:CCC) by 12.8% during the second quarter, Holdings Channel reports. The firm owned 35,339 shares of the industrial products company’s stock after selling 5,200 shares during the period. US Bancorp DE’s holdings in Calgon Carbon Corporation were worth $534,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in CCC. BlackRock Inc. raised its position in shares of 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 worth $92,388,000 after buying an additional 6,294,410 shares during the period. Vanguard Group Inc. increased its stake in shares of Calgon Carbon Corporation by 6.4% in the first quarter. Vanguard Group Inc. now owns 4,621,432 shares of the industrial products company’s stock worth $67,473,000 after buying an additional 276,619 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of 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 worth $41,686,000 after buying an additional 193,581 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Calgon Carbon Corporation by 14.0% in the first quarter. Victory Capital Management Inc. now owns 2,117,732 shares of the industrial products company’s stock worth $30,919,000 after buying an additional 260,723 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Calgon Carbon Corporation by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 1,503,373 shares of the industrial products company’s stock worth $21,948,000 after buying an additional 10,322 shares in the last quarter. Institutional investors own 81.60% of the company’s stock.

Shares of Calgon Carbon Corporation (CCC) traded down 1.264% during midday trading on Wednesday, reaching $13.675. The company had a trading volume of 182,637 shares. Calgon Carbon Corporation has a one year low of $13.10 and a one year high of $18.80. The firm has a market capitalization of $694.61 million, a P/E ratio of 98.381 and a beta of 1.09. The company has a 50 day moving average price of $15.47 and a 200-day moving average price of $14.74.

Calgon Carbon Corporation (NYSE:CCC) last issued its earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share (EPS) 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 business had revenue of $153 million for the quarter, compared to analysts’ expectations of $151.18 million. During the same quarter in the previous year, the firm posted $0.15 EPS. The business’s revenue for the quarter was up 15.4% compared to the same quarter last year. On average, analysts anticipate that Calgon Carbon Corporation will post $0.50 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.44%. Calgon Carbon Corporation’s payout ratio is 133.33%.

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A number of equities research analysts recently issued reports on the company. Janney Montgomery Scott downgraded 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. Sidoti reissued a “buy” rating and set a $20.00 price target (up previously from $18.00) on shares of Calgon Carbon Corporation in a research report on Wednesday, July 12th. Zacks Investment Research raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. BidaskClub raised Calgon Carbon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, ValuEngine raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Calgon Carbon Corporation currently has an average 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 business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $14.25, for a total transaction of $74,826.75. Following the sale, the director now owns 24,183 shares of the company’s stock, valued at approximately $344,607.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.32% of the company’s stock.

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.

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Institutional Ownership by Quarter for Calgon Carbon Corporation (NYSE:CCC)

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