Nationwide Fund Advisors Raises Position in Clarcor Inc. (CLC)
Nationwide Fund Advisors boosted its position in shares of Clarcor Inc. (NYSE:CLC) by 6.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 146,223 shares of the company’s stock after buying an additional 8,220 shares during the period. Nationwide Fund Advisors owned 0.30% of Clarcor worth $8,895,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CLC. Impax Asset Management AIFM Ltd boosted its position in shares of Clarcor by 9.9% in the first quarter. Impax Asset Management AIFM Ltd now owns 140,507 shares of the company’s stock worth $8,115,000 after buying an additional 12,600 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Clarcor by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,410,200 shares of the company’s stock worth $81,495,000 after buying an additional 12,398 shares during the period. BlackRock Group LTD boosted its position in shares of Clarcor by 21.5% in the first quarter. BlackRock Group LTD now owns 36,472 shares of the company’s stock worth $2,107,000 after buying an additional 6,453 shares during the period. BlackRock Inc. boosted its position in shares of Clarcor by 8.5% in the first quarter. BlackRock Inc. now owns 66,939 shares of the company’s stock worth $3,868,000 after buying an additional 5,217 shares during the period. Finally, Teachers Advisors Inc. boosted its position in shares of Clarcor by 2.7% in the first quarter. Teachers Advisors Inc. now owns 75,131 shares of the company’s stock worth $4,342,000 after buying an additional 1,967 shares during the period. 90.30% of the stock is currently owned by institutional investors.
Shares of Clarcor Inc. (NYSE:CLC) traded up 0.78% during trading on Tuesday, reaching $63.26. The company’s stock had a trading volume of 112,803 shares. The company has a 50 day moving average of $63.73 and a 200-day moving average of $59.79. Clarcor Inc. has a 12-month low of $44.13 and a 12-month high of $66.59. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 21.67 and a beta of 1.18.
Clarcor (NYSE:CLC) last released its quarterly earnings data on Wednesday, September 14th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.04. The firm earned $331.40 million during the quarter, compared to analyst estimates of $339.43 million. Clarcor had a return on equity of 11.60% and a net margin of 10.35%. The business’s quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.66 earnings per share. Analysts forecast that Clarcor Inc. will post $2.61 EPS for the current year.
CLC has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on Clarcor from $61.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday. Zacks Investment Research raised Clarcor from a “sell” rating to a “hold” rating and set a $73.00 price target on the stock in a research note on Monday, August 29th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Clarcor in a research note on Thursday, June 16th. Finally, CL King reaffirmed a “neutral” rating on shares of Clarcor in a research note on Wednesday, June 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Clarcor currently has a consensus rating of “Hold” and an average price target of $68.50.
In other news, VP David J. Lindsay sold 44,000 shares of the company’s stock in a transaction dated 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 owns 25,676 shares of the company’s stock, valued at $1,595,506.64. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO David Joseph Fallon sold 25,000 shares of the company’s stock in a transaction dated Tuesday, July 12th. The stock was sold at an average price of $62.14, for a total value of $1,553,500.00. Following the completion of the transaction, the chief financial officer now directly owns 28,217 shares of the company’s stock, valued at approximately $1,753,404.38. The disclosure for this sale can be found here. 2.96% of the stock is owned by insiders.
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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