Great West Life Assurance Co. Can held its stake in Clarcor Inc. (NYSE:CLC) during the third quarter, Holdings Channel reports. The firm owned 28,848 shares of the company’s stock at the end of the third quarter. Great West Life Assurance Co. Can owned about 0.06% of Clarcor worth $1,874,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in the stock. Creative Planning boosted its stake in Clarcor by 30.5% in the third quarter. Creative Planning now owns 1,548 shares of the company’s stock valued at $101,000 after buying an additional 362 shares during the period. Victory Capital Management Inc. boosted its stake in Clarcor by 76.9% in the second quarter. Victory Capital Management Inc. now owns 1,792 shares of the company’s stock valued at $109,000 after buying an additional 779 shares during the period. LS Investment Advisors LLC boosted its stake in Clarcor by 74.9% in the second quarter. LS Investment Advisors LLC now owns 2,994 shares of the company’s stock valued at $182,000 after buying an additional 1,282 shares during the period. Eqis Capital Management Inc. bought a new stake in Clarcor during the third quarter valued at $201,000. Finally, Fox Run Management L.L.C. bought a new stake in Clarcor during the second quarter valued at $213,000. Institutional investors and hedge funds own 89.91% of the company’s stock.
Clarcor Inc. (NYSE:CLC) traded up 1.85% during trading on Friday, hitting $70.85. The stock had a trading volume of 77,793 shares. Clarcor Inc. has a 52-week low of $44.13 and a 52-week high of $70.86. The stock has a market capitalization of $3.44 billion, a PE ratio of 24.27 and a beta of 1.06. The stock’s 50-day moving average is $64.09 and its 200-day moving average is $62.35.
Clarcor (NYSE:CLC) last released its quarterly earnings results on Wednesday, September 14th. The company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Clarcor had a return on equity of 11.60% and a net margin of 10.35%. The company had revenue of $331.40 million for the quarter, compared to analyst estimates of $339.43 million. During the same quarter in the prior year, the firm posted $0.66 EPS. Clarcor’s quarterly revenue was down 7.3% compared to the same quarter last year. On average, analysts predict that Clarcor Inc. will post $2.60 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, November 4th. Shareholders of record on Monday, October 17th were paid a $0.25 dividend. This is a positive change from Clarcor’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Thursday, October 13th. This represents a $1.00 dividend on an annualized basis and a yield of 1.41%. Clarcor’s dividend payout ratio (DPR) is presently 34.25%.
A number of brokerages have recently commented on CLC. Zacks Investment Research cut shares of Clarcor from a “buy” rating to a “sell” rating in a report on Monday, September 19th. Robert W. Baird boosted their target price on shares of Clarcor from $61.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, September 16th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $68.50.
Clarcor Company Profile
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.