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

BidaskClub upgraded shares of Chase Co. (NYSEMKT:CCF) from a hold rating to a buy rating in a report released on Tuesday morning.

Chase (NYSEMKT CCF) opened at 113.00 on Tuesday. The company has a market cap of $1.05 billion, a PE ratio of 25.69 and a beta of 1.64. Chase has a 52-week low of $61.75 and a 52-week high of $116.28. The stock’s 50 day moving average is $96.78 and its 200-day moving average is $101.23.

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. Chase had a net margin of 18.27% and a return on equity of 24.60%. The company had revenue of $64.90 million for the quarter. Equities research analysts predict 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 company’s stock in a transaction dated Monday, July 17th. The shares were 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 in the company, valued at $207,864.54. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last 90 days, insiders sold 950 shares of company stock worth $97,765.

Hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC lifted its stake in shares of Chase by 4.6% in the second quarter. Acrospire Investment Management LLC now owns 1,351 shares of the construction company’s stock worth $144,000 after buying an additional 59 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Chase by 4.5% in the second quarter. Legal & General Group Plc now owns 1,726 shares of the construction company’s stock worth $184,000 after buying an additional 74 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Chase by 17.5% in the second quarter. Victory Capital Management Inc. now owns 1,863 shares of the construction company’s stock worth $199,000 after buying an additional 278 shares in the last quarter. UBS Asset Management Americas Inc. bought a new position in shares of Chase in the second quarter worth approximately $221,000. Finally, Citadel Advisors LLC lifted its stake in shares of Chase by 11.1% in the second quarter. Citadel Advisors LLC now owns 2,447 shares of the construction company’s stock worth $261,000 after buying an additional 245 shares in the last quarter.

About Chase

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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