Shapiro Capital Management LLC lowered its stake in shares of Calgon Carbon Corporation (NYSE:CCC) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,257,381 shares of the industrial products company’s stock after selling 83,400 shares during the period. Calgon Carbon Corporation makes up 1.6% of Shapiro Capital Management LLC’s investment portfolio, making the stock its 29th biggest holding. Shapiro Capital Management LLC owned about 8.39% of Calgon Carbon Corporation worth $64,286,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCC. Teachers Advisors LLC raised its holdings in shares of Calgon Carbon Corporation by 2.4% during the fourth quarter. Teachers Advisors LLC now owns 83,074 shares of the industrial products company’s stock valued at $1,412,000 after purchasing an additional 1,958 shares during the period. Louisiana State Employees Retirement System raised its holdings in shares of Calgon Carbon Corporation by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 20,600 shares of the industrial products company’s stock valued at $301,000 after purchasing an additional 200 shares during the period. Great West Life Assurance Co. Can raised its holdings in shares of Calgon Carbon Corporation by 5.3% during the first quarter. Great West Life Assurance Co. Can now owns 72,592 shares of the industrial products company’s stock valued at $1,056,000 after purchasing an additional 3,623 shares during the period. US Bancorp DE raised its holdings in shares of Calgon Carbon Corporation by 11.5% during the first quarter. US Bancorp DE now owns 40,539 shares of the industrial products company’s stock valued at $592,000 after purchasing an additional 4,168 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Calgon Carbon Corporation by 0.7% during the first quarter. Bank of New York Mellon Corp now owns 1,503,373 shares of the industrial products company’s stock valued at $21,948,000 after purchasing an additional 10,322 shares during the period. Hedge funds and other institutional investors own 85.19% of the company’s stock.

Several brokerages have recently weighed in on CCC. Sidoti reiterated a “buy” rating and set a $20.00 price objective (up previously from $18.00) on shares of Calgon Carbon Corporation in a report on Wednesday, July 12th. BidaskClub downgraded shares of Calgon Carbon Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Janney Montgomery Scott downgraded shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $18.00 to $16.00 in a research report on Thursday, July 13th. Zacks Investment Research downgraded shares of Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Finally, ValuEngine raised shares of Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Calgon Carbon Corporation has a consensus rating of “Hold” and an average target price of $18.20.

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Calgon Carbon Corporation (NYSE CCC) traded up 1.341% during midday trading on Tuesday, hitting $13.225. 81,527 shares of the stock traded hands. The stock has a market capitalization of $671.75 million, a P/E ratio of 95.144 and a beta of 1.14. The stock’s 50-day moving average price is $13.53 and its 200-day moving average price is $14.25. Calgon Carbon Corporation has a 52 week low of $12.00 and a 52 week high of $18.80.

Calgon Carbon Corporation (NYSE:CCC) last issued its quarterly 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 company had revenue of $153.00 million during the quarter, compared to analysts’ expectations of $151.18 million. During the same period last year, the company posted $0.15 EPS. Calgon Carbon Corporation’s revenue was up 15.4% on a year-over-year basis. Equities research analysts expect that Calgon Carbon Corporation will post $0.50 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, September 5th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.53%. Calgon Carbon Corporation’s dividend payout ratio (DPR) is currently 133.33%.

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.

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

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