December 1, 2016 - By Winifred Garcia · 0 Comments
Clarcor Inc (NYSE:CLC) institutional sentiment increased to 1.13 in 2016 Q2. Its up 0.32, from 0.81 in 2016Q1. The ratio is more positive, as 91 active investment managers increased and started new stock positions, while 112 cut down and sold holdings in Clarcor Inc. The active investment managers in our partner’s database now have: 41.60 million shares, down from 44.83 million shares in 2016Q1. Also, the number of active investment managers holding Clarcor Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 25 Reduced: 87 Increased: 69 New Position: 22.
CLARCOR Inc. provides filtration products, filtration systems and services, and consumer and industrial packaging products. The company has a market cap of $3.45 billion. The Company’s divisions include Engine/Mobile Filtration and Industrial/Environmental Filtration. It has a 24.15 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.
About 98,494 shares traded hands. CLARCOR Inc. (NYSE:CLC) has risen 19.16% since April 28, 2016 and is uptrending. It has outperformed by 13.24% the S&P500.
Analysts await CLARCOR Inc. (NYSE:CLC) to report earnings on January, 11. They expect $0.70 earnings per share, down 5.41% or $0.04 from last year’s $0.74 per share. CLC’s profit will be $29.54 million for 29.20 P/E if the $0.70 EPS becomes a reality. After $0.73 actual earnings per share reported by CLARCOR Inc. for the previous quarter, Wall Street now forecasts -4.11% negative EPS growth.
According to Zacks Investment Research, “Clarcor Inc. is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets.”
Champlain Investment Partners Llc holds 2.18% of its portfolio in CLARCOR Inc. for 2.08 million shares. Tributary Capital Management Llc owns 183,018 shares or 1.62% of their US portfolio. Moreover, Atlanta Capital Management Co L L C has 1.56% invested in the company for 3.85 million shares. The United Kingdom-based Hermes Investment Management Ltd has invested 0.9% in the stock. Reynders Mcveigh Capital Management Llc, a Massachusetts-based fund reported 84,307 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 5 sales for $4.97 million net activity.
Ratings analysis reveals 0 of CLARCOR’s analysts are positive. Out of 3 Wall Street analysts rating CLARCOR, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $53 while the high is $64. The stock’s average target of $64 is -21.71% below today’s ($81.75) share price. CLC was included in 7 notes of analysts from August 12, 2015. Zacks downgraded the shares of CLC in a report on Tuesday, September 22 to “Sell” rating. The rating was downgraded by TheStreet on Tuesday, September 22 to “Hold”. The rating was upgraded by Zacks to “Sell” on Wednesday, August 12. Robert W. Baird downgraded the shares of CLC in a report on Friday, September 18 to “Neutral” rating. As per Tuesday, August 18, the company rating was downgraded by Zacks. The company was maintained on Friday, September 16 by Robert W. Baird. Zacks upgraded the stock to “Sell” rating in Monday, August 31 report.
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 important recent CLARCOR Inc. (NYSE:CLC) news were published by: Crainscleveland.com which released: “Parker Hannifin is buying Clarcor Inc. in a $4.3 billion deal” on December 01, 2016, also Reuters.com published article titled: “BRIEF-Clarcor inc says in case of termination of merger with parker, Clarc…”, Marketwatch.com published: “Clarcor downgraded to neutral from outperform at RW Baird” on December 21, 2009. More interesting news about CLARCOR Inc. (NYSE:CLC) was released by: Fool.com and their article: “Why CLARCOR Inc.’s Shares Plunged 16% Today” with publication date: September 17, 2015.
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By Winifred Garcia