The stock of CLARCOR Inc. (NYSE:CLC) is a huge mover today! About 1.22M shares traded hands or 511.19% up from the average. CLARCOR Inc. (NYSE:CLC) has risen 19.16% since April 28, 2016 and is uptrending. It has outperformed by 13.24% the S&P500.
The move comes after 8 months positive chart setup for the $4.04B company. It was reported on Dec, 1 by Barchart.com. We have $85.04 PT which if reached, will make NYSE:CLC worth $121.20M more.
Analysts await CLARCOR Inc. (NYSE:CLC) to report earnings on January, 11. They expect $0.70 EPS, down 5.41% or $0.04 from last year’s $0.74 per share. CLC’s profit will be $34.25M for 29.49 P/E if the $0.70 EPS becomes a reality. After $0.73 actual EPS reported by CLARCOR Inc. for the previous quarter, Wall Street now forecasts -4.11% negative EPS growth.
CLARCOR Inc. (NYSE:CLC) Ratings Coverage
Out of 3 analysts covering CLARCOR (NYSE:CLC), 0 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 0 are positive. CLARCOR has been the topic of 7 analyst reports since August 12, 2015 according to StockzIntelligence Inc. TheStreet downgraded CLARCOR Inc. (NYSE:CLC) on Tuesday, September 22 to “Hold” rating. Zacks upgraded CLARCOR Inc. (NYSE:CLC) on Wednesday, August 12 to “Sell” rating. On Friday, September 18 the stock rating was downgraded by Robert W. Baird to “Neutral”. Robert W. Baird maintained CLARCOR Inc. (NYSE:CLC) on Friday, September 16 with “Neutral” rating. The company was upgraded on Monday, August 31 by Zacks. The stock of CLARCOR Inc. (NYSE:CLC) earned “Hold” rating by Zacks on Tuesday, August 18. The stock of CLARCOR Inc. (NYSE:CLC) has “Sell” rating given on Tuesday, September 22 by Zacks.
According to Zacks Investment Research, “Clarcor Inc. is a diversified marketer and manufacturer of mobile, industrial and environmental filtration products and consumer and industrial packaging products sold in domestic and international markets.”
Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.32, from 0.81 in 2016Q1. The ratio increased, as 25 funds sold all CLARCOR Inc. shares owned while 87 reduced positions. 22 funds bought stakes while 69 increased positions. They now own 41.60 million shares or 7.20% less from 44.83 million shares in 2016Q1.
Beck Mack And Oliver Limited Co owns 18,500 shares or 0.04% of their US portfolio. The New York-based American has invested 0% in CLARCOR Inc. (NYSE:CLC). State Street Corp owns 3.16M shares or 0.02% of their US portfolio. Arizona State Retirement Systems holds 0.02% of its portfolio in CLARCOR Inc. (NYSE:CLC) for 19,001 shares. Clinton Group Inc Inc holds 0.1% or 38,653 shares in its portfolio. Janus Capital Management Lc holds 1.39 million shares or 0.07% of its portfolio. The Ontario – Canada-based 1832 Asset Mgmt Ltd Partnership has invested 0% in CLARCOR Inc. (NYSE:CLC). Gemmer Asset Management Ltd holds 0% of its portfolio in CLARCOR Inc. (NYSE:CLC) for 146 shares. Citadel Advsrs Limited Liability Corp last reported 0% of its portfolio in the stock. Brown Advisory holds 8,790 shares or 0% of its portfolio. Proshare Lc last reported 76,465 shares in the company. Boston holds 0% or 50,524 shares in its portfolio. Bartlett Ltd Liability Corp last reported 1,400 shares in the company. Nationwide Fund Advsrs has invested 0.04% of its portfolio in CLARCOR Inc. (NYSE:CLC). Pacad Limited last reported 0.02% of its portfolio in the stock.
Insider Transactions: Since July 8, 2016, the stock had 0 insider buys, and 5 sales for $4.97 million net activity. Conway Christopher sold $93,270 worth of stock. $1.55 million worth of CLARCOR Inc. (NYSE:CLC) was sold by Fallon David Joseph. 44,000 shares with value of $2.73 million were sold by LINDSAY DAVID J on Monday, July 11. On Wednesday, July 13 BURGSTAHLER ROBERT J sold $465,000 worth of the stock or 7,500 shares.
More important recent CLARCOR Inc. (NYSE:CLC) news were published by: Crainscleveland.com which released: “Parker Hannifin is buying Clarcor Inc. in a $4.3 billion deal” on December 01, 2016, also Reuters.com published article titled: “BRIEF-Clarcor inc says in case of termination of merger with parker, Clarc…”, Marketwatch.com published: “Clarcor downgraded to neutral from outperform at RW Baird” on December 21, 2009. More interesting news about CLARCOR Inc. (NYSE:CLC) was released by: Fool.com and their article: “Why CLARCOR Inc.’s Shares Plunged 16% Today” with publication date: September 17, 2015.
CLC Company Profile
CLARCOR Inc., incorporated on March 3, 1969, which provides filtration products, filtration systems and services, and consumer and industrial packaging products. The Company’s divisions include Engine/Mobile Filtration and Industrial/Environmental Filtration.
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