Calgon Carbon Corporation (NYSE:CCC) EVP James Andrew Coccagno sold 2,100 shares of Calgon Carbon stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $21.35, for a total transaction of $44,835.00. Following the completion of the transaction, the executive vice president now directly owns 11,716 shares in the company, valued at approximately $250,136.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Calgon Carbon Corporation (NYSE:CCC) traded up $0.05 during trading on Friday, hitting $21.50. 1,096,681 shares of the stock traded hands, compared to its average volume of 939,126. The stock has a market capitalization of $1,089.90, a P/E ratio of 49.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.68 and a current ratio of 2.80. 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 will be paid on Friday, December 15th. Stockholders of record on Tuesday, December 5th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, December 4th. Calgon Carbon’s dividend payout ratio (DPR) is currently 166.68%.
Several institutional investors have recently added to or reduced their stakes in CCC. Magnetar Financial LLC purchased a new position in Calgon Carbon during the third quarter valued at approximately $51,004,000. Rutabaga Capital Management LLC MA purchased a new position in Calgon Carbon during the second quarter valued at approximately $18,669,000. Allianz Asset Management GmbH purchased a new position in Calgon Carbon during the third quarter valued at approximately $25,744,000. Gabelli Funds LLC purchased a new position in Calgon Carbon during the third quarter valued at approximately $25,601,000. Finally, JPMorgan Chase & Co. grew its position in Calgon Carbon by 981.6% during the third quarter. JPMorgan Chase & Co. now owns 853,931 shares of the industrial products company’s stock valued at $18,274,000 after purchasing an additional 774,981 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently weighed in on CCC shares. Zacks Investment Research raised shares of Calgon Carbon from a “sell” rating to a “hold” rating in a research report on Wednesday, September 13th. Robert W. Baird downgraded shares of Calgon Carbon from an “outperform” rating to a “hold” rating in a research report on Tuesday, September 26th. Sidoti downgraded shares of Calgon Carbon from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $20.00 in a research report on Monday, September 25th. Janney Montgomery Scott downgraded shares of Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 target price on the stock. in a research report on Thursday, September 21st. Finally, BidaskClub downgraded shares of Calgon Carbon from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Calgon Carbon currently has an average rating of “Hold” and a consensus target price of $19.63.
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.
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