Clean Harbors Inc. (CLH) Shares Bought by Vanguard Group Inc.
Vanguard Group Inc. boosted its stake in shares of Clean Harbors Inc. (NYSE:CLH) by 6.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,655,970 shares of the company’s stock after buying an additional 227,880 shares during the period. Vanguard Group Inc. owned 6.36% of Clean Harbors worth $190,513,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CLH. Bank of Montreal Can bought a new position in Clean Harbors during the second quarter valued at $111,000. LS Investment Advisors LLC increased its position in Clean Harbors by 73.3% in the second quarter. LS Investment Advisors LLC now owns 3,217 shares of the company’s stock valued at $168,000 after buying an additional 1,361 shares during the last quarter. Calvert Investment Management Inc. bought a new position in Clean Harbors during the second quarter valued at $204,000. Ledyard National Bank increased its position in Clean Harbors by 3.9% in the second quarter. Ledyard National Bank now owns 3,995 shares of the company’s stock valued at $208,000 after buying an additional 150 shares during the last quarter. Finally, Capstone Asset Management Co. increased its position in Clean Harbors by 6.8% in the second quarter. Capstone Asset Management Co. now owns 4,539 shares of the company’s stock valued at $237,000 after buying an additional 290 shares during the last quarter. 95.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Clean Harbors Inc. (NYSE:CLH) opened at 46.80 on Tuesday. The firm has a market cap of $2.69 billion, a PE ratio of 113.04 and a beta of 0.81. The stock’s 50 day moving average price is $47.33 and its 200 day moving average price is $49.63. Clean Harbors Inc. has a 12-month low of $37.09 and a 12-month high of $54.54.
Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by $0.08. The firm earned $397.50 million during the quarter, compared to analyst estimates of $727.68 million. Clean Harbors had a return on equity of 3.74% and a net margin of 0.81%. The business’s revenue for the quarter was down 25.5% on a year-over-year basis. During the same quarter last year, the company earned $0.72 earnings per share. On average, equities research analysts predict that Clean Harbors Inc. will post $0.51 EPS for the current fiscal year.
CLH has been the subject of several recent research reports. Needham & Company LLC raised their price target on Clean Harbors from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, June 22nd. Macquarie initiated coverage on Clean Harbors in a research report on Thursday, August 25th. They set a “neutral” rating and a $51.00 price target for the company. Zacks Investment Research raised Clean Harbors from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Thursday, July 28th. Barclays PLC dropped their price target on Clean Harbors from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. Finally, Imperial Capital raised their price target on Clean Harbors from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $55.43.
In other Clean Harbors news, insider James M. Rutledge sold 16,000 shares of the company’s stock in a transaction that occurred on Friday, August 5th. The stock was sold at an average price of $50.74, for a total value of $811,840.00. Following the completion of the sale, the insider now directly owns 127,939 shares in the company, valued at $6,491,624.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 773 shares of the company’s stock in a transaction that occurred on Wednesday, September 28th. The stock was sold at an average price of $46.58, for a total value of $36,006.34. Following the completion of the sale, the executive vice president now owns 47,055 shares of the company’s stock, valued at $2,191,821.90. The disclosure for this sale can be found here. 9.50% of the stock is owned by company insiders.
Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services. The Company operates in six segments: Technical Services; Industrial and Field Services; Kleen Performance Products; SK Environmental Services; Lodging Services, and Oil and Gas Field Services. Its Technical Services segment involves the collection, transportation, treatment and disposal of hazardous and non-hazardous wastes.
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