Calgon Carbon Corporation (NYSE:CCC) has earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $19.17.
Several research analysts have recently weighed in on CCC shares. Zacks Investment Research cut shares of Calgon Carbon from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub cut shares of Calgon Carbon from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Robert W. Baird cut shares of Calgon Carbon from an “outperform” rating to a “hold” rating in a report on Tuesday, September 26th. Sidoti cut shares of Calgon Carbon from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $22.00 to $20.00 in a report on Monday, September 25th. Finally, Janney Montgomery Scott cut shares of Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 price objective for the company. in a report on Thursday, September 21st.
Calgon Carbon (NYSE CCC) opened at $21.50 on Monday. The company has a quick ratio of 1.68, a current ratio of 2.80 and a debt-to-equity ratio of 0.59. Calgon Carbon has a 52 week low of $12.00 and a 52 week high of $22.10. The stock has a market cap of $1,092.44, a P/E ratio of 50.00 and a beta of 1.20.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, December 5th will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, December 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. Calgon Carbon’s dividend payout ratio is currently 166.68%.
In other Calgon Carbon news, EVP James Andrew Coccagno sold 2,100 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $21.35, for a total transaction of $44,835.00. Following the completion of the sale, the executive vice president now directly owns 11,716 shares of the company’s stock, valued at $250,136.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.32% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Piedmont Investment Advisors LLC purchased a new stake in shares of Calgon Carbon in the second quarter worth $166,000. Zions Bancorporation purchased a new stake in shares of Calgon Carbon in the third quarter worth $169,000. BlueCrest Capital Management Ltd increased its stake in shares of Calgon Carbon by 9.9% in the second quarter. BlueCrest Capital Management Ltd now owns 11,671 shares of the industrial products company’s stock worth $176,000 after purchasing an additional 1,050 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of Calgon Carbon by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 11,960 shares of the industrial products company’s stock worth $181,000 after purchasing an additional 510 shares in the last quarter. Finally, LMR Partners LLP purchased a new stake in shares of Calgon Carbon in the third quarter worth $200,000. 95.45% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This piece was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this piece can be read at https://www.truebluetribune.com/2018/01/03/calgon-carbon-corporation-ccc-receives-average-rating-of-hold-from-brokerages.html.
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.
Receive News & Ratings for Calgon Carbon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calgon Carbon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.