Calgon Carbon Co. (NYSE:CCC) has earned an average recommendation of “Hold” from the seven brokerages that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $19.17.
Separately, Zacks Investment Research cut Calgon Carbon from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd.
Calgon Carbon (NYSE CCC) traded down $0.10 during mid-day trading on Friday, hitting $21.35. The stock had a trading volume of 681,929 shares, compared to its average volume of 1,334,921. Calgon Carbon has a 52-week low of $12.00 and a 52-week high of $22.10. The company has a quick ratio of 1.68, a current ratio of 2.80 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $1,090.00, a PE ratio of 194.09 and a beta of 1.07.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Monday, March 5th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 0.94%. The ex-dividend date is Friday, March 2nd. Calgon Carbon’s dividend payout ratio is currently 181.82%.
Hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC purchased a new stake in Calgon Carbon during the fourth quarter valued at $514,000. Millennium Management LLC purchased a new stake in Calgon Carbon during the fourth quarter valued at $1,465,000. Paloma Partners Management Co purchased a new stake in Calgon Carbon during the fourth quarter valued at $1,167,000. Wolverine Asset Management LLC purchased a new stake in Calgon Carbon during the fourth quarter valued at $6,037,000. Finally, CoreCommodity Management LLC increased its position in Calgon Carbon by 7.1% during the fourth quarter. CoreCommodity Management LLC now owns 37,327 shares of the industrial products company’s stock valued at $795,000 after acquiring an additional 2,459 shares during the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.
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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