Pillar Pacific Capital Management LLC Has $194,000 Stake in Calgon Carbon Co. (CCC)

Pillar Pacific Capital Management LLC Has $194,000 Stake in Calgon Carbon Co. (CCC)

Pillar Pacific Capital Management LLC cut its stake in Calgon Carbon Co. (NYSE:CCC) by 1.5% during the first quarter, Holdings Channel reports. The fund owned 13,300 shares of the industrial products company’s stock after selling 200 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Calgon Carbon were worth $194,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. BlackRock Fund Advisors increased its stake in shares of Calgon Carbon by 7.7% in the third quarter. BlackRock Fund Advisors now owns 3,534,953 shares of the industrial products company’s stock valued at $53,625,000 after buying an additional 252,630 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Calgon Carbon by 1.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,661,661 shares of the industrial products company’s stock valued at $45,249,000 after buying an additional 28,374 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of Calgon Carbon by 11.1% in the third quarter. Lazard Asset Management LLC now owns 1,650,605 shares of the industrial products company’s stock valued at $25,039,000 after buying an additional 165,135 shares during the last quarter. State Street Corp increased its stake in shares of Calgon Carbon by 8.2% in the fourth quarter. State Street Corp now owns 1,199,971 shares of the industrial products company’s stock valued at $20,401,000 after buying an additional 90,818 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of Calgon Carbon by 7.1% in the first quarter. State of New Jersey Common Pension Fund D now owns 900,000 shares of the industrial products company’s stock valued at $13,140,000 after buying an additional 60,000 shares during the last quarter. 83.79% of the stock is owned by institutional investors.

Shares of Calgon Carbon Co. (NYSE:CCC) traded up 1.08% on Friday, reaching $14.00. The company had a trading volume of 287,062 shares. The company has a 50-day moving average price of $14.03 and a 200-day moving average price of $15.70. Calgon Carbon Co. has a 52-week low of $12.70 and a 52-week high of $18.80. The firm has a market capitalization of $709.03 million, a PE ratio of 51.85 and a beta of 1.10.

Calgon Carbon (NYSE:CCC) last issued its quarterly earnings results on Friday, February 24th. The industrial products company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.28. The business earned $137.50 million during the quarter, compared to analyst estimates of $142.40 million. Calgon Carbon had a net margin of 5.41% and a return on equity of 6.93%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share. Equities research analysts forecast that Calgon Carbon Co. will post $0.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Monday, June 5th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, June 1st. Calgon Carbon’s dividend payout ratio (DPR) is presently 37.04%.

Several equities research analysts have recently weighed in on CCC shares. Zacks Investment Research downgraded Calgon Carbon from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 1st. TheStreet downgraded Calgon Carbon from a “b-” rating to a “c+” rating in a research report on Thursday, January 12th. Robert W. Baird reaffirmed an “outperform” rating and issued a $19.00 target price on shares of Calgon Carbon in a research report on Monday, February 27th. Finally, Roth Capital set a $16.00 target price on Calgon Carbon and gave the stock a “hold” rating in a research report on Saturday, April 1st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Calgon Carbon currently has a consensus rating of “Buy” and a consensus price target of $17.67.

About Calgon Carbon

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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