Calgon Carbon Corporation (CCC) Sees Strong Trading Volume

Shares of Calgon Carbon Corporation (NYSE:CCC) saw unusually-strong trading volume on Tuesday . Approximately 1,638,800 shares were traded during mid-day trading, an increase of 142% from the previous session’s volume of 676,085 shares.The stock last traded at $21.55 and had previously closed at $21.35.

A number of research analysts have recently commented on CCC shares. Zacks Investment Research cut shares of Calgon Carbon Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. BidaskClub cut shares of Calgon Carbon Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Robert W. Baird cut shares of Calgon Carbon Corporation from an “outperform” rating to a “hold” rating in a report on Tuesday, September 26th. Sidoti cut shares of Calgon Carbon Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $22.00 to $20.00 in a report on Monday, September 25th. Finally, Janney Montgomery Scott cut shares of Calgon Carbon Corporation from a “neutral” rating to a “sell” rating and set a $21.50 target price for the company. 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 company’s stock. Calgon Carbon Corporation presently has a consensus rating of “Hold” and an average target price of $19.63.

The firm has a market capitalization of $1,090.00, a price-to-earnings ratio of 49.65 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.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, December 5th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, December 4th. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. Calgon Carbon Corporation’s dividend payout ratio (DPR) is presently 181.82%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zions Bancorporation bought a new position in Calgon Carbon Corporation in the 3rd quarter valued at approximately $169,000. LMR Partners LLP bought a new position in Calgon Carbon Corporation in the 3rd quarter valued at approximately $200,000. State of Alaska Department of Revenue raised its holdings in Calgon Carbon Corporation by 79.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 10,023 shares of the industrial products company’s stock valued at $151,000 after buying an additional 4,433 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Calgon Carbon Corporation in the 2nd quarter valued at approximately $166,000. Finally, BlueCrest Capital Management Ltd raised its holdings in Calgon Carbon Corporation by 9.9% in the 2nd quarter. BlueCrest Capital Management Ltd now owns 11,671 shares of the industrial products company’s stock valued at $176,000 after buying an additional 1,050 shares during the last quarter. Institutional investors and hedge funds own 83.14% of the company’s stock.

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Calgon Carbon Corporation 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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