Clarcor Inc. (NYSE:CLC) has been given a consensus rating of “Hold” by the seven research firms that are presently covering the stock. One 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. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $64.00.

CLC has been the topic of several recent research reports. Zacks Investment Research lowered shares of Clarcor from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th. CL King reaffirmed a “neutral” rating on shares of Clarcor in a research report on Wednesday, June 8th. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Clarcor in a research report on Thursday, June 16th. Finally, Robert W. Baird lifted their price target on shares of Clarcor from $61.00 to $64.00 and gave the company a “neutral” rating in a research report on Friday.

In related news, Director Robert J. Burgstahler sold 7,500 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $62.00, for a total transaction of $465,000.00. Following the transaction, the director now owns 33,953 shares of the company’s stock, valued at $2,105,086. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Christopher Conway sold 1,500 shares of the business’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $62.18, for a total transaction of $93,270.00. Following the transaction, the chief executive officer now directly owns 16,523 shares in the company, valued at approximately $1,027,400.14. The disclosure for this sale can be found here. 2.96% of the stock is currently owned by insiders.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/clarcor-inc-nyseclc-given-consensus-rating-of-hold-by-brokerages.html

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Clarcor by 2.4% in the second quarter. Vanguard Group Inc. now owns 3,879,681 shares of the company’s stock worth $236,001,000 after buying an additional 90,643 shares during the period. Atlanta Capital Management Co. L L C raised its position in shares of Clarcor by 2.2% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,845,233 shares of the company’s stock worth $233,905,000 after buying an additional 83,867 shares during the period. BlackRock Institutional Trust Company N.A. raised 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. Janus Capital Management LLC raised its position in shares of Clarcor by 1.6% in the second quarter. Janus Capital Management LLC now owns 1,388,160 shares of the company’s stock worth $84,442,000 after buying an additional 21,739 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Clarcor by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,117,038 shares of the company’s stock worth $67,945,000 after buying an additional 27,702 shares during the period. 90.30% of the stock is currently owned by institutional investors and hedge funds.

Clarcor (NYSE:CLC) traded up 0.83% on Tuesday, reaching $63.29. 105,386 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $63.73 and a 200 day moving average of $59.79. Clarcor has a 12 month low of $44.13 and a 12 month high of $66.59. The stock has a market capitalization of $3.08 billion, a PE ratio of 21.68 and a beta of 1.18.

Clarcor (NYSE:CLC) last issued its quarterly earnings data on Wednesday, September 14th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.04. The firm had revenue of $331.40 million for the quarter, compared to analyst estimates of $339.43 million. Clarcor had a net margin of 10.35% and a return on equity of 11.60%. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 earnings per share. Equities analysts predict that Clarcor will post $2.61 earnings per share for the current fiscal year.

About Clarcor

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.

5 Day Chart for NYSE:CLC

Receive News & Ratings for Clarcor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clarcor Inc. and related companies with MarketBeat.com's FREE daily email newsletter.