Nationwide Fund Advisors lessened its holdings in Calgon Carbon Corporation (NYSE:CCC) by 61.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,919 shares of the industrial products company’s stock after selling 56,433 shares during the period. Nationwide Fund Advisors owned approximately 0.07% of Calgon Carbon worth $747,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Calgon Carbon by 2.3% in 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 raised its position in Calgon Carbon by 11.1% in 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. Cramer Rosenthal Mcglynn LLC raised its position in Calgon Carbon by 12.7% in 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. Rutabaga Capital Management LLC MA acquired a new stake in Calgon Carbon in the 2nd quarter valued at about $18,669,000. Finally, State Street Corp raised its position in Calgon Carbon by 5.5% in the 2nd quarter. State Street Corp now owns 1,207,211 shares of the industrial products company’s stock valued at $18,231,000 after purchasing an additional 63,299 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors and hedge funds.
CCC has been the topic of a number of analyst reports. Zacks Investment Research lowered Calgon Carbon from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Robert W. Baird downgraded Calgon Carbon from an “outperform” rating to a “hold” rating in a report on Tuesday, September 26th. Sidoti downgraded Calgon Carbon from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $22.00 to $20.00 in a report on Monday, September 25th. Finally, Janney Montgomery Scott downgraded Calgon Carbon from a “neutral” rating to a “sell” rating and set a $21.50 price objective on the stock. in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Calgon Carbon currently has a consensus rating of “Hold” and an average target price of $19.63.
Calgon Carbon Corporation (NYSE:CCC) opened at $21.30 on Monday. The stock has a market capitalization of $1,080.00, a P/E ratio of 193.64 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 12 month low of $12.00 and a 12 month high of $22.10.
Calgon Carbon (NYSE:CCC) last announced its earnings results on Monday, November 6th. The industrial products company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Calgon Carbon had a net margin of 0.97% and a return on equity of 5.65%. analysts expect that Calgon Carbon Corporation will post 0.49 earnings per share for the current fiscal year.
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Calgon Carbon 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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