Loomis Sayles & Co. L P raised its stake in shares of Clean Harbors Inc (NYSE:CLH) by 11.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,220 shares of the business services provider’s stock after buying an additional 22,488 shares during the period. Loomis Sayles & Co. L P’s holdings in Clean Harbors were worth $15,262,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of Clean Harbors by 1.9% in the first quarter. Principal Financial Group Inc. now owns 217,677 shares of the business services provider’s stock valued at $10,625,000 after purchasing an additional 4,092 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Clean Harbors by 1,304.2% during the second quarter. Acadian Asset Management LLC now owns 9,787 shares of the business services provider’s stock worth $544,000 after buying an additional 9,090 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Clean Harbors by 163.4% during the second quarter. BNP Paribas Arbitrage SA now owns 7,980 shares of the business services provider’s stock worth $443,000 after buying an additional 4,950 shares during the period. First Trust Advisors LP boosted its stake in Clean Harbors by 139.5% during the second quarter. First Trust Advisors LP now owns 382,307 shares of the business services provider’s stock worth $21,237,000 after buying an additional 222,672 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Clean Harbors during the second quarter worth $2,062,000. Institutional investors own 92.34% of the company’s stock.
Several research analysts have commented on CLH shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price objective (up from $70.00) on shares of Clean Harbors in a research note on Tuesday, September 25th. Needham & Company LLC lifted their price objective on shares of Clean Harbors from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. UBS Group set a $56.00 price objective on shares of Clean Harbors and gave the stock a “sell” rating in a research note on Thursday, November 1st. BMO Capital Markets dropped their price objective on shares of Clean Harbors from $78.00 to $76.00 and set an “outperform” rating for the company in a research note on Thursday, November 1st. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Clean Harbors in a research note on Wednesday, October 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $66.75.
In other news, CFO Michael Louis Battles sold 2,000 shares of the business’s stock in a transaction on Friday, November 9th. The shares were sold at an average price of $65.20, for a total transaction of $130,400.00. Following the completion of the sale, the chief financial officer now directly owns 53,113 shares of the company’s stock, valued at $3,462,967.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 1,304 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $69.83, for a total transaction of $91,058.32. Following the sale, the executive vice president now directly owns 63,573 shares of the company’s stock, valued at $4,439,302.59. The disclosure for this sale can be found here. Insiders have sold 54,804 shares of company stock valued at $3,532,423 over the last three months. Insiders own 8.70% of the company’s stock.
NYSE CLH opened at $57.51 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.04 and a debt-to-equity ratio of 1.35. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 58.84 and a beta of 1.07. Clean Harbors Inc has a 52 week low of $44.74 and a 52 week high of $72.50.
Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 31st. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.16. The firm had revenue of $843.18 million during the quarter, compared to analyst estimates of $846.07 million. Clean Harbors had a net margin of 4.18% and a return on equity of 4.93%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 earnings per share. Analysts predict that Clean Harbors Inc will post 1.17 EPS for the current fiscal year.
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Clean Harbors Profile
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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