Capstone Asset Management Co. Sells 20 Shares of Clean Harbors, Inc. (CLH)
Capstone Asset Management Co. decreased its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.4% during the second quarter, Holdings Channel reports. The firm owned 4,729 shares of the business services provider’s stock after selling 20 shares during the period. Capstone Asset Management Co.’s holdings in Clean Harbors were worth $264,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in Clean Harbors by 11,874.0% in the first quarter. BlackRock Inc. now owns 4,345,138 shares of the business services provider’s stock valued at $241,676,000 after buying an additional 4,308,850 shares during the period. Wellington Management Group LLP raised its position in Clean Harbors by 18.3% in the first quarter. Wellington Management Group LLP now owns 7,263,071 shares of the business services provider’s stock valued at $403,972,000 after buying an additional 1,122,646 shares during the period. TimesSquare Capital Management LLC raised its position in Clean Harbors by 87.0% in the first quarter. TimesSquare Capital Management LLC now owns 1,103,400 shares of the business services provider’s stock valued at $61,371,000 after buying an additional 513,500 shares during the period. Massachusetts Financial Services Co. MA raised its position in Clean Harbors by 18.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,758,591 shares of the business services provider’s stock valued at $97,813,000 after buying an additional 278,817 shares during the period. Finally, Victory Capital Management Inc. raised its position in Clean Harbors by 23.8% in the first quarter. Victory Capital Management Inc. now owns 983,725 shares of the business services provider’s stock valued at $54,715,000 after buying an additional 188,798 shares during the period. 95.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Clean Harbors, Inc. (CLH) traded down 0.12% during midday trading on Thursday, reaching $51.45. 59,909 shares of the company traded hands. The stock’s 50-day moving average is $55.09 and its 200-day moving average is $56.37. The stock’s market capitalization is $2.94 billion. Clean Harbors, Inc. has a 1-year low of $43.03 and a 1-year high of $61.62.
Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The business had revenue of $752.80 million during the quarter, compared to analysts’ expectations of $735.63 million. Clean Harbors had a positive return on equity of 0.79% and a negative net margin of 0.65%. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. Equities analysts predict that Clean Harbors, Inc. will post $0.67 EPS for the current fiscal year.
CLH has been the subject of several recent research reports. Zacks Investment Research raised shares of Clean Harbors from a “strong sell” rating to a “buy” rating and set a $65.00 target price for the company in a report on Tuesday, May 2nd. BMO Capital Markets initiated coverage on shares of Clean Harbors in a report on Thursday, June 29th. They set an “outperform” rating and a $65.00 target price for the company. BidaskClub lowered shares of Clean Harbors from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $67.00 target price on shares of Clean Harbors in a report on Wednesday, July 19th. Finally, KeyCorp lifted their target price on shares of Clean Harbors from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $61.27.
In other Clean Harbors news, EVP Michael J. Twohig sold 4,071 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $59.25, for a total value of $241,206.75. Following the completion of the transaction, the executive vice president now owns 30,854 shares in the company, valued at $1,828,099.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David M. Parry sold 4,402 shares of the stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $58.96, for a total value of $259,541.92. Following the completion of the transaction, the insider now owns 39,955 shares of the company’s stock, valued at approximately $2,355,746.80. The disclosure for this sale can be found here. Insiders sold 10,418 shares of company stock valued at $605,895 in the last quarter. 9.50% of the stock is currently owned by company insiders.
Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
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