Chase Co. (CCF) Lifted to Hold at BidaskClub

BidaskClub upgraded shares of Chase Co. (NYSEMKT:CCF) from a sell rating to a hold rating in a research report released on Tuesday.

Chase (NYSEMKT:CCF) opened at 94.05 on Tuesday. The company has a market capitalization of $870.72 million, a P/E ratio of 21.38 and a beta of 1.64. Chase has a 52 week low of $61.02 and a 52 week high of $116.15. The company’s 50-day moving average price is $103.92 and its 200-day moving average price is $100.31.

Chase (NYSEMKT:CCF) last announced its quarterly earnings data on Wednesday, July 5th. The construction company reported $1.12 EPS for the quarter. Chase had a return on equity of 24.60% and a net margin of 18.27%. The company had revenue of $64.90 million during the quarter. On average, equities analysts forecast that Chase will post $1.91 EPS for the current fiscal year.

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In related news, Director George M. Hughes sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $109.46, for a total transaction of $54,730.00. Following the completion of the transaction, the director now owns 1,899 shares in the company, valued at approximately $207,864.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 900 shares of company stock valued at $94,080 in the last 90 days.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Chase by 5.3% in the second quarter. Vanguard Group Inc. now owns 325,213 shares of the construction company’s stock valued at $34,700,000 after buying an additional 16,515 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Chase by 5.1% in the second quarter. Renaissance Technologies LLC now owns 317,900 shares of the construction company’s stock valued at $33,920,000 after buying an additional 15,300 shares during the last quarter. Lazard Asset Management LLC increased its position in shares of Chase by 14.5% in the second quarter. Lazard Asset Management LLC now owns 182,118 shares of the construction company’s stock valued at $19,431,000 after buying an additional 23,118 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Chase by 78.4% in the second quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock valued at $19,410,000 after buying an additional 79,963 shares during the last quarter. Finally, State Street Corp increased its position in shares of Chase by 2.9% in the second quarter. State Street Corp now owns 134,268 shares of the construction company’s stock valued at $14,326,000 after buying an additional 3,837 shares during the last quarter.

Chase Company Profile

Chase Corporation is engaged in manufacturing of protective materials for reliability applications. The Company’s operating segments include industrial materials segment and construction materials segment. The Industrial Materials segment includes specified products that are used in, or integrated into, another company’s product, with demand typically dependent upon general economic conditions.

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