BidaskClub upgraded shares of Chase Co. (NYSEMKT:CCF) from a sell rating to a hold rating in a research report report published on Tuesday morning.
Chase (CCF) opened at 98.70 on Tuesday. Chase has a 12-month low of $61.75 and a 12-month high of $116.15. The stock has a 50 day moving average price of $97.29 and a 200-day moving average price of $101.02. The firm has a market cap of $913.76 million, a price-to-earnings ratio of 22.44 and a beta of 1.64.
Chase (NYSEMKT:CCF) last announced its quarterly earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter. The business had revenue of $64.90 million for the quarter. Chase had a return on equity of 24.60% and a net margin of 18.27%. Equities analysts forecast that Chase will post $1.91 earnings per share for the current 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 value of $54,730.00. Following the sale, the director now owns 1,899 shares of the company’s stock, valued at approximately $207,864.54. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last three months, insiders sold 950 shares of company stock worth $97,765.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Chase by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 325,213 shares of the construction company’s stock valued at $34,700,000 after acquiring an additional 16,515 shares in the last quarter. Renaissance Technologies LLC raised its stake in Chase by 5.1% during the 2nd quarter. Renaissance Technologies LLC now owns 317,900 shares of the construction company’s stock valued at $33,920,000 after acquiring an additional 15,300 shares in the last quarter. Lazard Asset Management LLC raised its stake in Chase by 14.5% during the 2nd quarter. Lazard Asset Management LLC now owns 182,118 shares of the construction company’s stock valued at $19,431,000 after acquiring an additional 23,118 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Chase by 78.4% during the 2nd quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock valued at $19,410,000 after acquiring an additional 79,963 shares in the last quarter. Finally, State Street Corp raised its stake in Chase by 2.9% during the 2nd quarter. State Street Corp now owns 134,268 shares of the construction company’s stock valued at $14,326,000 after acquiring an additional 3,837 shares in the last quarter.
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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