Short Interest Change: Is Buying Clarcor Incorporated (NYSE:CLC) Here Good Idea?

November 29, 2016 - By Marguerite Chambers   ·   0 Comments

Short Interest Change: Is Buying Clarcor Incorporated (NYSE:CLC) Here Good Idea?

The stock of Clarcor Incorporated (NYSE:CLC) registered a decrease of 1.64% in short interest. CLC’s total short interest was 1.31 million shares in November as published by FINRA. Its down 1.64% from 1.33M shares, reported previously. With 172,900 shares average volume, it will take short sellers 8 days to cover their CLC’s short positions. The short interest to Clarcor Incorporated’s float is 2.71%. About 59,894 shares traded hands. CLARCOR Inc. (NYSE:CLC) has risen 16.76% since April 26, 2016 and is uptrending. It has outperformed by 11.50% the S&P500.

CLARCOR Inc. provides filtration products, filtration systems and services, and consumer and industrial packaging products. The company has a market cap of $3.33 billion. The Company’s divisions include Engine/Mobile Filtration and Industrial/Environmental Filtration. It has a 23.88 P/E ratio. The Company’s Engine/Mobile Filtration segment makes and sells filtration products for on-road and off-road mobile and stationary applications, including trucks, agricultural machinery, transit buses, locomotives, and other industrial and specialty applications.

Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.32, from 0.81 in 2016Q1. The ratio increased, as 25 funds sold all CLARCOR Inc. shares owned while 87 reduced positions. 22 funds bought stakes while 69 increased positions. They now own 41.60 million shares or 7.20% less from 44.83 million shares in 2016Q1.
Qs Invsts Limited Liability Corp accumulated 0% or 6 shares. Tributary Mgmt Ltd Liability holds 183,018 shares or 1.62% of its portfolio. Moreover, First Republic has 0% invested in CLARCOR Inc. (NYSE:CLC) for 4,184 shares. Louisiana State Employees Retirement Sys has 0.04% invested in the company for 12,900 shares. Atlanta Cap Mngmt Comm L L C holds 3.85M shares or 1.56% of its portfolio. Schroder Inv Mngmt Gp reported 752,542 shares or 0.09% of all its holdings. Principal Gru last reported 0.02% of its portfolio in the stock. Suntrust Banks has 0.02% invested in the company for 60,536 shares. Barclays Public Ltd Company accumulated 0% or 15,107 shares. Royal Comml Bank Of Canada holds 45,093 shares or 0% of its portfolio. 1832 Asset Ltd Partnership holds 0% or 441 shares in its portfolio. The New York-based Highbridge Cap Management Ltd Liability Com has invested 0.05% in CLARCOR Inc. (NYSE:CLC). Savings Bank holds 0.01% or 9,023 shares in its portfolio. Eaton Vance Mngmt reported 17,018 shares or 0% of all its holdings. The New York-based State Common Retirement Fund has invested 0% in CLARCOR Inc. (NYSE:CLC).

Insider Transactions: Since July 8, 2016, the stock had 0 buys, and 5 selling transactions for $4.97 million net activity. Conway Christopher sold $93,270 worth of stock. 7,500 shares were sold by BURGSTAHLER ROBERT J, worth $465,000. Another trade for 25,000 shares valued at $1.55M was made by Fallon David Joseph on Tuesday, July 12. $2.73M worth of shares were sold by LINDSAY DAVID J on Monday, July 11.

CLARCOR Inc. (NYSE:CLC) Ratings Coverage

Out of 3 analysts covering CLARCOR (NYSE:CLC), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. CLARCOR has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of CLARCOR Inc. (NYSE:CLC) earned “Sell” rating by Zacks on Tuesday, September 22. Robert W. Baird downgraded it to “Neutral” rating and $53 target price in Friday, September 18 report. Zacks downgraded the shares of CLC in a report on Tuesday, August 18 to “Hold” rating. The stock of CLARCOR Inc. (NYSE:CLC) earned “Sell” rating by Zacks on Monday, August 31. The stock has “Hold” rating given by TheStreet on Tuesday, September 22. The rating was maintained by Robert W. Baird with “Neutral” on Friday, September 16. The rating was upgraded by Zacks on Wednesday, August 12 to “Sell”.

CLC Company Profile

CLARCOR Inc., incorporated on March 3, 1969, which provides filtration products, filtration systems and services, and consumer and industrial packaging products. The Company’s divisions include Engine/Mobile Filtration and Industrial/Environmental Filtration.

More news for CLARCOR Inc. (NYSE:CLC) were recently published by: Marketwatch.com, which released: “Clarcor downgraded to neutral from outperform at RW Baird” on December 21, 2009. Fool.com‘s article titled: “Why CLARCOR Inc.’s Shares Plunged 16% Today” and published on September 17, 2015 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Marguerite Chambers


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>