DekaBank Deutsche Girozentrale Has $33,000 Position in The Chemours Company (NYSE:CC)

DekaBank Deutsche Girozentrale lowered its holdings in The Chemours Company (NYSE:CC) by 77.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,033 shares of the specialty chemicals company’s stock after selling 3,562 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Chemours were worth $33,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Creative Planning boosted its stake in Chemours by 2.9% in the fourth quarter. Creative Planning now owns 13,601 shares of the specialty chemicals company’s stock worth $416,000 after purchasing an additional 379 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Chemours by 4.3% during the first quarter. Baird Financial Group Inc. now owns 10,390 shares of the specialty chemicals company’s stock worth $327,000 after acquiring an additional 426 shares during the last quarter. Fruth Investment Management raised its position in shares of Chemours by 3.8% during the fourth quarter. Fruth Investment Management now owns 13,518 shares of the specialty chemicals company’s stock worth $426,000 after acquiring an additional 500 shares during the last quarter. Mariner LLC raised its position in shares of Chemours by 1.8% during the third quarter. Mariner LLC now owns 28,104 shares of the specialty chemicals company’s stock worth $788,000 after acquiring an additional 503 shares during the last quarter. Finally, Brown Advisory Inc. raised its position in shares of Chemours by 3.4% during the third quarter. Brown Advisory Inc. now owns 15,801 shares of the specialty chemicals company’s stock worth $443,000 after acquiring an additional 514 shares during the last quarter. Institutional investors and hedge funds own 76.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CC. Barclays dropped their target price on Chemours from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 2nd. BMO Capital Markets upgraded Chemours from an “underperform” rating to an “outperform” rating and boosted their target price for the stock from $19.00 to $34.00 in a research report on Tuesday, April 9th. Finally, UBS Group upped their price objective on Chemours from $21.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, April 2nd. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.89.

Chemours Stock Down 0.2 %

Shares of Chemours stock opened at $26.37 on Thursday. The Chemours Company has a 1 year low of $15.10 and a 1 year high of $39.05. The business has a 50-day moving average of $27.05 and a two-hundred day moving average of $27.81. The company has a market capitalization of $3.93 billion, a P/E ratio of -17.01 and a beta of 2.00. The company has a debt-to-equity ratio of 5.40, a current ratio of 1.54 and a quick ratio of 1.00.

Chemours Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Monday, February 26th were issued a $0.25 dividend. The ex-dividend date was Friday, February 23rd. This represents a $1.00 annualized dividend and a dividend yield of 3.79%. Chemours’s dividend payout ratio (DPR) is currently -64.52%.

Chemours Profile

The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure brand for delivering whiteness, brightness, opacity, durability, efficiency, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.