Champlain Investment Partners Lowers stake in CLARCOR (CLC)

CLARCOR (CLC) : Champlain Investment Partners reduced its stake in CLARCOR by 8.64% during the most recent quarter end. The investment management company now holds a total of 2,172,885 shares of CLARCOR which is valued at $122.7 Million after selling 205,400 shares in CLARCOR , the firm said in a disclosure report filed with the SEC on May 11, 2016.CLARCOR makes up approximately 2.23% of Champlain Investment Partners’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc reduced its stake in CLC by selling 64,912 shares or 99.86% in the most recent quarter. The Hedge Fund company now holds 88 shares of CLC which is valued at $4,971.Impax Asset Management (aifm) Ltd boosted its stake in CLC in the latest quarter, The investment management firm added 12,600 additional shares and now holds a total of 140,507 shares of CLARCOR which is valued at $7.9 Million. CLARCOR makes up approx 2.58% of Impax Asset Management (aifm) Ltd’s portfolio. Spot Trading L.l.c sold out all of its stake in CLC during the most recent quarter. The investment firm sold 1,388 shares of CLC which is valued $78,408. Parametrica Management Ltd added CLC to its portfolio by purchasing 5,893 company shares during the most recent quarter which is valued at $335,135. CLARCOR makes up approx 1.21% of Parametrica Management Ltd’s portfolio.Hl Financial Services reduced its stake in CLC by selling 745 shares or 16.17% in the most recent quarter. The Hedge Fund company now holds 3,862 shares of CLC which is valued at $226,970. CLARCOR makes up approx 0.01% of Hl Financial Services’s portfolio.

CLARCOR opened for trading at $56.72 and hit $57.93 on the upside on Monday, eventually ending the session at $57.6, with a gain of 1.96% or 1.11 points. The heightened volatility saw the trading volume jump to 1,98,392 shares. Company has a market cap of $2,794 M.

On the company’s financial health, CLARCOR reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 13, 2016. Analyst had a consensus of $0.72. The company had revenue of $372.50 million for the quarter, compared to analysts expectations of $378.76 million. The company’s revenue was down -9.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

CLARCOR Inc. is engaged in the marketing and manufacturing of mobile industrial and environmental filtration products. The Company’s segments are Engine/Mobile Filtration and Industrial/Environmental Filtration. The Company’s Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications including trucks agricultural machinery construction and mining equipment marine automobiles transit buses and other industrial and specialty applications. The Company’s Industrial/Environmental Filtration segment manufactures and sells filtration products used in industrial and commercial processes and in buildings and infrastructures of various types. The Company’s filters and filter systems are used in commercial and industrial buildings hospitals manufacturing processes pharmaceutical processes clean rooms airports shipyards and refineries other oil and natural gas facilities among others.

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