Chemours (CC) to Release Earnings on Wednesday

Bredin Investment LLC acquired a new position in Chemours Co (NYSE:CC) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.

The Chemours Company is a provider of performance chemicals. Creative Planning's holdings in Chemours were worth $806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bell Bank acquired a new stake in shares of Chemours during the 3rd quarter valued at $202,000. Columbus Circle Investors grew its stake in shares of Chemours by 173.2% during the 3rd quarter. Institutional investors own 72.90% of the company's stock.

Several analysts recently weighed in on the company.

Shares of Chemours Company (NYSE:CC) traded up 2.04% on Thursday, reaching $48.94. UBS Group raised their price objective on shares of Chemours from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Friday, November 3rd. The company now has an average rating of "Buy" and a consensus price target of $57.85. Jefferies Group lifted their target price on shares of Chemours to $66.00 and gave the company a "buy" rating in a research note on Monday, December 4th. Goldman Sachs Group lowered Chemours from a "buy" rating to a "neutral" rating and set a $55.00 target price on the stock.in a research note on Wednesday, December 6th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. The stock presently has a consensus rating of "Buy" and an average target price of $57.85.

Chemours Co (NYSE:CC) traded up $0.29 during trading hours on Tuesday, hitting $47.17. The stock had a trading volume of 1,442,173 shares, compared to its average volume of 1,524,625. The company has a market cap of $9,000.00 and a PE ratio of 32.33. Chemours Co has a fifty-two week low of $26.33 and a fifty-two week high of $58.08. State Street Corp now owns 5,791,792 shares of the specialty chemicals company's stock valued at $222,987,000 after buying an additional 1,504,657 shares in the last quarter. The specialty chemicals company reported $0.87 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.85 by $0.02. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.59 billion. Chemours had a net margin of 4.86% and a return on equity of 116.80%. Chemours Company (The)'s quarterly revenue was up 14.8% on a year-over-year basis. Net earnings for the quarter were posted at $1.12 per share, whereas Wall Street had forecast $1.04 per share.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 17th will be paid a $0.03 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.45%.

Meanwhile, during the same quarter The Chemours Company (CC) delivered a 7.81% earnings surprise. The ex-dividend date of this dividend is Wednesday, February 14th. Chemours's payout ratio is now 8.28%. This buyback authorization allows the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

In other Chemours news, insider Christian W. Siemer sold 15,088 shares of the stock in a transaction on Wednesday, December 13th.

The stock's 50-day average volume has been 2,123,848 shares, with an average of 25% of medium term indicators pointing toward Sell. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Prudential Financial Inc. now owns 4,473,227 shares of the specialty chemicals company's stock valued at $172,219,000 after buying an additional 1,747,880 shares in the last quarter.

ILLEGAL ACTIVITY NOTICE: "Bourgeon Capital Management LLC Purchases New Position in Chemours Co (CC)" was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and worldwide trademark and copyright legislation. The original version of this story can be accessed at https://www.dispatchtribunal.com/2018/02/07/chemours-cc-to-release-earnings-on-wednesday.html. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Fluoroproducts segment is a provider of fluoroproducts, including refrigerants and industrial fluoropolymer resins.

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