Clarcor Inc. (CLC) Hits New 1-Year High at $65.97
Shares of Clarcor Inc. (NYSE:CLC) hit a new 52-week high during trading on Thursday . The company traded as high as $65.97 and last traded at $65.95, with a volume of 75,668 shares changing hands. The stock had previously closed at $65.59.
A number of analysts have recently commented on CLC shares. Zacks Investment Research cut shares of Clarcor from a “buy” rating to a “hold” rating in a report on Tuesday, May 24th. 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 analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Clarcor currently has an average rating of “Hold” and a consensus target price of $61.00.
The stock has a 50-day moving average of $62.86 and a 200-day moving average of $57.88. The company has a market capitalization of $3.18 billion and a PE ratio of 22.44.
Clarcor (NYSE:CLC) last released its quarterly earnings results on Wednesday, June 15th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.05. During the same quarter in the previous year, the firm earned $0.74 EPS. The company had revenue of $365 million for the quarter. On average, equities research analysts expect that Clarcor Inc. will post $2.66 earnings per share for the current year.
In other Clarcor news, VP David J. Lindsay sold 44,000 shares of the 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 sale, the vice president now owns 25,676 shares in the company, valued at $1,595,506.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Christopher Conway sold 1,500 shares of the stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $62.18, for a total value of $93,270.00. Following the completion of the sale, the chief executive officer now owns 16,523 shares in the company, valued at approximately $1,027,400.14. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Clarcor stock. US Bancorp DE raised its position in Clarcor Inc. (NYSE:CLC) by 2.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,643 shares of the company’s stock after buying an additional 503 shares during the period. US Bancorp DE owned 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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