Neuberger Berman Group LLC reduced its stake in shares of Clean Harbors Inc (NYSE:CLH) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 551,490 shares of the business services provider’s stock after selling 28,068 shares during the period. Neuberger Berman Group LLC owned 0.98% of Clean Harbors worth $26,916,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in CLH. Ladenburg Thalmann Financial Services Inc. increased its position in Clean Harbors by 96.3% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,277 shares of the business services provider’s stock worth $122,000 after purchasing an additional 1,117 shares in the last quarter. Assetmark Inc. acquired a new stake in Clean Harbors during the 4th quarter worth approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Clean Harbors by 49.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,120 shares of the business services provider’s stock worth $169,000 after purchasing an additional 1,039 shares in the last quarter. MAI Capital Management acquired a new stake in Clean Harbors during the 4th quarter worth approximately $222,000. Finally, State of Alaska Department of Revenue acquired a new stake in Clean Harbors during the 4th quarter worth approximately $226,000. Institutional investors and hedge funds own 93.20% of the company’s stock.
In other Clean Harbors news, EVP Mark G. Bouldin sold 703 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $47.62, for a total value of $33,476.86. Following the completion of the sale, the executive vice president now owns 17,744 shares of the company’s stock, valued at $844,969.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John T. Preston sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $50.93, for a total transaction of $254,650.00. Following the sale, the director now directly owns 9,427 shares of the company’s stock, valued at approximately $480,117.11. The disclosure for this sale can be found here. Insiders sold 151,788 shares of company stock valued at $7,871,253 in the last ninety days. 8.70% of the stock is owned by corporate insiders.
Shares of NYSE:CLH opened at $52.65 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.06 and a quick ratio of 1.71. Clean Harbors Inc has a 52-week low of $44.74 and a 52-week high of $59.86. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 154.97 and a beta of 1.03.
Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 2nd. The business services provider reported ($0.12) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. Clean Harbors had a net margin of 3.64% and a return on equity of 1.72%. The company had revenue of $749.80 million during the quarter, compared to the consensus estimate of $732.88 million. During the same quarter last year, the company earned ($0.19) earnings per share. Clean Harbors’s revenue for the quarter was up 8.8% on a year-over-year basis. analysts anticipate that Clean Harbors Inc will post 0.69 EPS for the current fiscal year.
A number of research firms recently issued reports on CLH. UBS began coverage on shares of Clean Harbors in a research report on Wednesday, March 14th. They set a “sell” rating and a $49.00 target price for the company. Zacks Investment Research downgraded shares of Clean Harbors from a “buy” rating to a “hold” rating in a research report on Friday, May 4th. ValuEngine downgraded shares of Clean Harbors from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. Oppenheimer downgraded shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $62.00 target price for the company. in a research report on Thursday, March 1st. Finally, Stifel Nicolaus reissued a “buy” rating and set a $65.00 target price (down previously from $70.00) on shares of Clean Harbors in a research report on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $57.89.
About Clean Harbors
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.
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