Calgon Carbon Corporation (NYSE:CCC)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $21.83 and last traded at $21.78, with a volume of 1,625,493 shares traded. The stock had previously closed at $21.40.

A number of analysts have recently commented on the company. Zacks Investment Research raised Calgon Carbon Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 11th. Sidoti assumed coverage on shares of Calgon Carbon Corporation in a research report on Wednesday, June 7th. They issued a “buy” rating and a $18.00 price target on the stock. Robert W. Baird lifted their price objective on shares of Calgon Carbon Corporation from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, September 22nd. Janney Montgomery Scott lowered shares of Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 price objective on the stock. in a research note on Thursday, September 21st. Finally, BidaskClub cut shares of Calgon Carbon Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $19.70.

The company has a 50 day moving average of $15.06 and a 200 day moving average of $14.73. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 156.295 and a beta of 1.28.

Calgon Carbon Corporation (NYSE:CCC) last announced its earnings results on Friday, August 4th. The industrial products company reported $0.14 earnings per share for the quarter, hitting 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 $153.00 million during the quarter, compared to the consensus estimate of $151.18 million. Calgon Carbon Corporation’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. On average, analysts expect that Calgon Carbon Corporation will post $0.50 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th were given a dividend of $0.05 per share. The ex-dividend date was Thursday, August 31st. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. Calgon Carbon Corporation’s dividend payout ratio (DPR) is currently 133.33%.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Calgon Carbon Corporation by 18,763.5% in the 1st quarter. BlackRock Inc. now owns 6,327,956 shares of the industrial products company’s stock worth $92,388,000 after acquiring an additional 6,294,410 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Calgon Carbon Corporation by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 4,729,298 shares of the industrial products company’s stock valued at $71,412,000 after purchasing an additional 107,866 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Calgon Carbon Corporation by 11.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,170,893 shares of the industrial products company’s stock valued at $47,881,000 after purchasing an additional 315,651 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Calgon Carbon Corporation by 0.7% during the 1st 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 in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted its position in shares of Calgon Carbon Corporation by 12.7% during the 2nd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,250,905 shares of the industrial products company’s stock valued at $18,889,000 after purchasing an additional 141,154 shares in the last quarter. 85.19% of the stock is owned by hedge funds and other institutional investors.

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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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