Company chares are trading at $16.35 a bit higher than $14.42, the 50 day moving average and which is a tad above the 200 day moving average of $15.09. The 50 day moving average went up by +13.41% whereas the 200 day moving average was up $1.26 or +8.37%. Calgon Carbon Corporation shares had a trading volume of 590K on Thursday. Shares saw a steep increase in trading volume of 36.16% over the normal average daily volume.
Calgon Carbon Corporation (NYSE:CCC) has been the object of insider buying and selling activity recently. J. Rich Alexander, Director disclosed the sale of 5,251 shares of CCC stock. The shares were sold on May 30th for an average price of $14.25. The Director now owns $344,608 of the stock according to the SEC filing. Director Julie S. Roberts bought 395 shares at a price of $16.11 on Thu the 15th. Roberts now owns $1,165,269 of stock as reported to the SEC.
William R. Newlin, Director let go of $509,530 worth of shares at an average price of $14.98 on November 9th. The Director now owns $3,093,115 of the stock per an SEC filing yesterday.
Here are a few additional firms who have increased or decreased their stake in (CCC). Clinton Group Inc cut its holdings by selling 1,194 shares a decrease of 6.9%. Clinton Group Inc claims 15,992 shares valued at $233,000. The value of the position overall is down by 20.2%. As of quarter end Tompkins Financial Corp had bought 150 shares growing its holdings by 60.0%. The value of the total investment in Calgon Carbon Corporation went from $4,000 to $6,000 a change of $2,000 for the reporting period.
Morgan Stanley reduced its position by shedding 4,897 shares a decrease of 82.3% from 12/31/2016 to 03/31/2017. Morgan Stanley currently owns 1,053 shares with a value of $15,000. The total value of its holdings decreased 85.1%. Goldman Sachs Group Inc trimmed its ownership by shedding 39,769 shares a decrease of 40.6% as of 03/31/2017. Goldman Sachs Group Inc now holds 58,252 shares worth $850,000. The total value of its holdings decreased 49.0%.
On October 4 the stock rating was upgraded from “” to “Outperform” in a report from Baird. On June 1, 2016 Oppenheimer issued its first research report on the stock with a rating of “Outperform”.
On May 11 analysts at Janney Capital added CCC to its research portfolio giving it an initial rating of “Buy” and projecting a price target of $20.00. On February 22, 2016 the stock rating was changed to a “Hold” according to a BB&T Capital report which was a cut from the previous “Buy” rating.
On February 22 the company was rated “Neutral” in a report from Roth Capital down from the previous “Buy” rating. Equity analyst Roth Capital initiated coverage on the stock setting a rating of “Buy” and price target of $27.00.
The company is up by 0.62 percent from yesterday’s close. The company also recently announced a dividend which was paid on Thursday June 15th, 2017. The dividend was $0.050 per share for the quarter or $0.20 annualized. This dividend amount represented a yeild of $1.24. The ex-dividend date was set for Thursday the 1st of June 2017.
The company’s P/E ratio is 90.83 and the market value is 829.81M. In the last earnings report the EPS was $0.18 and is expected to be $0.57 for the current year with 50,753,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.19 with next year’s EPS anticipated to be $0.85.
Calgon Carbon Corporation, launched on November 27, 1967, 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. The Business’s products and services are designed to protect human health and the environment from harmful contaminants in water and air. The Company provides purification solutions for drinking water, wastewater, pollution abatement, and a range of industrial and commercial manufacturing processes. The Activated Carbon and Service segment manufactures granular activated carbon for use in applications to remove organic compounds from liquids, gases, water, and air. It also consists of services related to activated carbon, including reactivation of spent carbon and the leasing, monitoring, and maintenance of carbon fills at customer sites. The service portion of this segment also includes services related to the Business’s ion exchange technologies for treatment of groundwater and process streams. The Equipment segment provides solutions to customers’ air and water process problems through the design, fabrication, and operation of systems that utilizes its enabling technologies: ballast water, UV light, advanced ion exchange separation and carbon adsorption. The Consumer segment supplies activated carbon cloth for use in military, industrial, and medical applications. The Other segment manufactures and markets granular and powdered wood-based activated carbon, coal-based activated carbon reactivation, diatomaceous earth and perlite filtration media for use in applications for decolorization, purification, decontamination, and filtration of liquids in various applications, including food and beverage, industrial, fine chemicals, and pharmaceuticals. The.Advertisement