Redwood Funding Administration LLC raised its holdings in shares of The Chemours Firm (NYSE:CC – Get Ranking) by 32.9% in the course of the third quarter, in line with the corporate in its most up-to-date disclosure with the Securities and Trade Fee. The institutional investor owned 50,721 shares of the specialty chemical substances firm’s inventory after buying a further 12,565 shares in the course of the interval. Redwood Funding Administration LLC’s holdings in Chemours had been price $1,250,000 on the finish of the newest quarter.
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Numerous different giant traders have additionally made modifications to their positions in CC. Raymond James & Associates elevated its place in shares of Chemours by 31.0% in the course of the first quarter. Raymond James & Associates now owns 135,617 shares of the specialty chemical substances firm’s inventory price $4,269,000 after buying a further 32,121 shares within the final quarter. Cetera Advisor Networks LLC elevated its place in shares of Chemours by 21.3% in the course of the first quarter. Cetera Advisor Networks LLC now owns 9,636 shares of the specialty chemical substances firm’s inventory price $303,000 after buying a further 1,695 shares within the final quarter. Financial institution of Montreal Can elevated its place in shares of Chemours by 36.4% in the course of the first quarter. Financial institution of Montreal Can now owns 73,197 shares of the specialty chemical substances firm’s inventory price $2,361,000 after buying a further 19,552 shares within the final quarter. D.A. Davidson & CO. acquired a brand new place in shares of Chemours within the 1st quarter valued at $208,000. Lastly, MetLife Funding Administration LLC elevated its place in shares of Chemours by 35.7% within the 1st quarter. MetLife Funding Administration LLC now owns 107,133 shares of the specialty chemical substances firm’s inventory valued at $3,373,000 after buying a further 28,160 shares in the course of the interval. 71.89% of the inventory is owned by institutional traders and hedge funds.
Chemours Worth Efficiency
NYSE:CC opened at $33.75 on Friday. The agency’s fifty day shifting common is $33.25 and its two-hundred day shifting common is $31.90. The corporate has a debt-to-equity ratio of three.24, a fast ratio of 0.96 and a present ratio of 1.70. The Chemours Firm has a one yr low of $22.56 and a one yr excessive of $44.95. The agency has a market cap of $5.01 billion, a price-to-earnings ratio of 9.45, a PEG ratio of 1.29 and a beta of 1.88.
Chemours Broadcasts Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which can be paid on Wednesday, March fifteenth. Stockholders of report on Friday, February twenty fourth can be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of two.96%. The ex-dividend date of this dividend is Thursday, February twenty third. Chemours’s payout ratio is at the moment 28.01%.
Wall Road Analyst Weigh In
A number of equities analysts not too long ago issued stories on CC shares. UBS Group raised Chemours from a “impartial” ranking to a “purchase” ranking and upped their goal value for the corporate from $31.00 to $43.00 in a analysis report on Tuesday, January twenty fourth. Citigroup upped their goal value on Chemours from $33.00 to $35.00 and gave the corporate a “impartial” ranking in a analysis report on Monday, February thirteenth. Royal Financial institution of Canada upped their goal value on Chemours from $33.00 to $36.00 and gave the corporate a “sector carry out” ranking in a analysis report on Monday, February thirteenth. StockNews.com downgraded Chemours from a “purchase” ranking to a “maintain” ranking in a analysis report on Monday, February thirteenth. Lastly, Barclays upped their goal value on Chemours from $30.00 to $34.00 in a analysis report on Tuesday, November 1st. One analysis analyst has rated the inventory with a promote ranking, seven have assigned a maintain ranking and three have assigned a purchase ranking to the inventory. Based mostly on information from MarketBeat.com, the corporate at the moment has a consensus ranking of “Maintain” and a median value goal of $36.33.
The Chemours Co is a holding firm, which engages within the provision of efficiency chemical substances. The agency delivers options, which embody a variety of business and chemical merchandise for markets together with coatings, plastics, refrigeration and air con, transportation, semiconductor and client electronics, and basic industrial.
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