First Trust Advisors LP Has $2,561,000 Stake in Clarcor Inc. (CLC)
First Trust Advisors LP cut its stake in Clarcor Inc. (NYSE:CLC) by 40.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,102 shares of the company’s stock after selling 28,534 shares during the period. First Trust Advisors LP owned 0.09% of Clarcor worth $2,561,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of CLC. Atlanta Capital Management Co. L L C increased its position in shares of Clarcor by 1.0% in the first quarter. Atlanta Capital Management Co. L L C now owns 3,761,366 shares of the company’s stock valued at $217,369,000 after buying an additional 38,973 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased 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 valued at $81,495,000 after buying an additional 12,398 shares in the last quarter. Hermes Investment Management Ltd. increased its position in shares of Clarcor by 1.9% in the second quarter. Hermes Investment Management Ltd. now owns 739,303 shares of the company’s stock valued at $44,972,000 after buying an additional 13,784 shares in the last quarter. Norges Bank bought a new position in shares of Clarcor during the fourth quarter valued at approximately $23,014,000. Finally, Geode Capital Management LLC increased its position in shares of Clarcor by 11.8% in the first quarter. Geode Capital Management LLC now owns 346,728 shares of the company’s stock valued at $20,037,000 after buying an additional 36,504 shares in the last quarter. Institutional investors and hedge funds own 90.30% of the company’s stock.
Shares of Clarcor Inc. (NYSE:CLC) traded up 1.33% during trading on Wednesday, hitting $63.91. The company had a trading volume of 200,346 shares. The stock has a market capitalization of $3.11 billion, a P/E ratio of 21.89 and a beta of 1.18. The firm’s 50 day moving average is $63.75 and its 200-day moving average is $59.87. Clarcor Inc. has a 52 week low of $44.13 and a 52 week high of $66.59.
Clarcor (NYSE:CLC) last posted its quarterly earnings data on Wednesday, September 14th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. The company earned $331.40 million during the quarter, compared to analysts’ expectations of $339.43 million. Clarcor had a return on equity of 11.60% and a net margin of 10.35%. Clarcor’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 earnings per share. Equities research analysts anticipate that Clarcor Inc. will post $2.60 EPS for the current fiscal year.
CLC has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Clarcor from a “hold” rating to a “sell” rating in a research report on Wednesday, August 17th. CL King reiterated a “neutral” rating on shares of Clarcor in a research report on Wednesday, June 8th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Clarcor in a research report on Thursday, June 16th. Finally, Robert W. Baird lifted their price target on Clarcor from $61.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday, September 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Clarcor has an average rating of “Hold” and a consensus target price of $68.50.
In other Clarcor 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 sale, the vice president now owns 25,676 shares in the company, valued at $1,595,506.64. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher Conway sold 1,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,027,400.14. The disclosure for this sale can be found here. Corporate insiders own 2.96% of the company’s stock.
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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