Chase Co. (CCF) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Chase Co. (NYSEMKT:CCF) from a sell rating to a hold rating in a research note published on Tuesday.

Chase (NYSEMKT CCF) opened at 92.90 on Tuesday. The stock has a market capitalization of $860.07 million, a PE ratio of 21.12 and a beta of 1.64. Chase has a 12-month low of $61.13 and a 12-month high of $116.15. The stock’s 50 day moving average is $103.53 and its 200 day moving average is $100.36.

Chase (NYSEMKT:CCF) last posted its quarterly earnings results on Wednesday, July 5th. The construction company reported $1.12 earnings per share (EPS) for the quarter. Chase had a net margin of 18.27% and a return on equity of 24.60%. The company had revenue of $64.90 million during the quarter. Equities analysts anticipate that Chase will post $1.91 EPS for the current fiscal year.

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In other Chase news, Director George M. Hughes sold 500 shares of the firm’s stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $109.46, for a total transaction of $54,730.00. Following the completion of the transaction, the director now directly owns 1,899 shares of the company’s stock, valued at approximately $207,864.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 900 shares of company stock valued at $94,080 over the last three months.

Institutional investors have recently bought and sold shares of the company. Seizert Capital Partners LLC purchased a new position in Chase during the second quarter valued at $1,784,000. Swiss National Bank raised its position in Chase by 9.6% in the second quarter. Swiss National Bank now owns 12,500 shares of the construction company’s stock valued at $1,334,000 after buying an additional 1,100 shares during the period. Neuberger Berman Group LLC raised its position in Chase by 78.4% in the second quarter. Neuberger Berman Group LLC now owns 181,908 shares of the construction company’s stock valued at $19,410,000 after buying an additional 79,963 shares during the period. GHP Investment Advisors Inc. raised its position in Chase by 8.6% in the second quarter. GHP Investment Advisors Inc. now owns 3,959 shares of the construction company’s stock valued at $422,000 after buying an additional 315 shares during the period. Finally, Victory Capital Management Inc. raised its position in Chase by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock valued at $199,000 after buying an additional 278 shares during the period.

Chase Company Profile

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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