Bank of New York Mellon Corp Sells 772,921 Shares of Calgon Carbon Corporation (CCC)

Bank of New York Mellon Corp lowered its position in shares of Calgon Carbon Corporation (NYSE:CCC) by 52.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 712,093 shares of the industrial products company’s stock after selling 772,921 shares during the quarter. Bank of New York Mellon Corp owned 1.40% of Calgon Carbon worth $15,240,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its holdings in shares of Calgon Carbon by 2.5% in the 3rd quarter. Rhumbline Advisers now owns 110,725 shares of the industrial products company’s stock valued at $2,370,000 after buying an additional 2,684 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Calgon Carbon by 59.2% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 19,040 shares of the industrial products company’s stock valued at $407,000 after buying an additional 7,080 shares during the last quarter. Kassirer Asset Management Corp acquired a new stake in shares of Calgon Carbon in the 3rd quarter valued at approximately $5,346,000. Sei Investments Co. boosted its holdings in shares of Calgon Carbon by 26.4% in the 3rd quarter. Sei Investments Co. now owns 17,208 shares of the industrial products company’s stock valued at $368,000 after buying an additional 3,598 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Calgon Carbon by 53.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 27,763 shares of the industrial products company’s stock valued at $594,000 after buying an additional 9,679 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Shares of Calgon Carbon Corporation (NYSE CCC) opened at $21.45 on Wednesday. Calgon Carbon Corporation has a 12 month low of $12.00 and a 12 month 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 firm has a market capitalization of $1,092.44, a price-to-earnings ratio of 50.00 and a beta of 1.20.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Tuesday, December 5th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Monday, December 4th. Calgon Carbon’s dividend payout ratio (DPR) is presently 166.68%.

In related news, EVP James Andrew Coccagno sold 2,100 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $21.35, for a total value of $44,835.00. Following the sale, the executive vice president now owns 11,716 shares in the company, valued at approximately $250,136.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.32% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Calgon Carbon from a “hold” rating to a “sell” rating in a 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 cut 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 for the company. in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $19.63.

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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.

Institutional Ownership by Quarter for Calgon Carbon (NYSE:CCC)

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