Clarcor Inc. (CLC) Sees Strong Trading Volume
Clarcor Inc. (NYSE:CLC) saw strong trading volume on Tuesday . 358,897 shares were traded during trading, an increase of 88% from the previous session’s volume of 190,406 shares.The stock last traded at $65.51 and had previously closed at $64.18.
A number of equities analysts recently commented on the company. Zacks Investment Research cut Clarcor from a “hold” rating to a “sell” rating in a report on Wednesday, August 17th. CL King restated a “neutral” rating on shares of Clarcor in a report on Wednesday, June 8th. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of Clarcor in a report on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.00.
The stock’s 50-day moving average is $62.39 and its 200 day moving average is $57.64. The company has a market capitalization of $3.19 billion and a price-to-earnings ratio of 22.51.
Clarcor (NYSE:CLC) last released its quarterly earnings results on Wednesday, June 15th. The company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.05. During the same period last year, the business posted $0.74 earnings per share. The company earned $365 million during the quarter. On average, equities analysts expect that Clarcor Inc. will post $2.66 earnings per share for the current fiscal year.
In related news, VP David J. Lindsay sold 44,000 shares of the company’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $62.14, for a total value of $2,734,160.00. Following the completion of the transaction, the vice president now directly owns 25,676 shares in the company, valued at $1,595,506.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert J. Burgstahler sold 7,500 shares of the company’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $62.00, for a total value of $465,000.00. Following the completion of the transaction, the director now owns 33,953 shares of the company’s stock, valued at $2,105,086. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Clarcor stock. US Bancorp DE raised its stake in shares of Clarcor Inc. (NYSE:CLC) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,643 shares of the company’s stock after buying an additional 503 shares during the period. US Bancorp DE owned approximately 0.05% of Clarcor worth $1,224,000 as of its most recent SEC filing.
CLARCOR Inc provides filtration products, filtration systems and services, and consumer and industrial packaging products. The Company’s segments include Engine/Mobile Filtration and Industrial/Environmental Filtration. Its Engine/Mobile Filtration segment manufactures 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.
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