Allianz Asset Management GmbH Invests $25.74 Million in Calgon Carbon Corporation (NYSE:CCC) Stock

Allianz Asset Management GmbH bought a new stake in shares of Calgon Carbon Corporation (NYSE:CCC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,203,000 shares of the industrial products company’s stock, valued at approximately $25,744,000. Allianz Asset Management GmbH owned 2.37% of Calgon Carbon at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of CCC. Royce & Associates LP lifted its holdings in Calgon Carbon by 14.6% in the 2nd quarter. Royce & Associates LP now owns 947,598 shares of the industrial products company’s stock worth $14,309,000 after buying an additional 120,800 shares during the period. Kassirer Asset Management Corp purchased a new stake in Calgon Carbon in the 3rd quarter worth approximately $5,346,000. SG Americas Securities LLC purchased a new stake in Calgon Carbon in the 3rd quarter worth approximately $661,000. Gamco Investors INC. ET AL purchased a new stake in Calgon Carbon in the 3rd quarter worth approximately $5,934,000. Finally, Teachers Advisors LLC lifted its holdings in Calgon Carbon by 1.4% in the 1st quarter. Teachers Advisors LLC now owns 84,269 shares of the industrial products company’s stock worth $1,230,000 after buying an additional 1,195 shares during the period. Institutional investors own 95.45% of the company’s stock.

CCC has been the subject of several research analyst reports. Zacks Investment Research upgraded Calgon Carbon from a “sell” rating to a “hold” rating in a report on Wednesday, September 13th. Robert W. Baird increased their price objective on Calgon Carbon from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Friday, September 22nd. Sidoti cut Calgon Carbon from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $22.00 to $20.00 in a report on Monday, September 25th. Finally, Janney Montgomery Scott cut Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 target price for the company. in a research note on Thursday, September 21st. Three equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.63.

Calgon Carbon Corporation (NYSE:CCC) remained flat at $$21.30 on Tuesday. 1,636,728 shares of the company traded hands, compared to its average volume of 1,415,700. The company has a market cap of $1,080.00, a PE ratio of 193.64 and a beta of 1.19. The company has a current ratio of 2.80, a quick ratio of 1.68 and a debt-to-equity ratio of 0.59. Calgon Carbon Corporation has a 1 year low of $12.00 and a 1 year high of $22.10.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Monday, December 4th. Calgon Carbon’s payout ratio is presently 181.82%.

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About Calgon Carbon

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 (NYSE:CCC)

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