TimesSquare Capital Management LLC Lowers Position in Clean Harbors, Inc. (CLH)
TimesSquare Capital Management LLC lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 6.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,029,300 shares of the business services provider’s stock after selling 74,100 shares during the period. TimesSquare Capital Management LLC owned approximately 1.80% of Clean Harbors worth $57,466,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLH. BlackRock Inc. grew its holdings in shares of Clean Harbors by 11,874.0% in the 1st quarter. BlackRock Inc. now owns 4,345,138 shares of the business services provider’s stock worth $241,676,000 after acquiring an additional 4,308,850 shares during the period. Wellington Management Group LLP grew its holdings in shares of Clean Harbors by 18.3% in the 1st quarter. Wellington Management Group LLP now owns 7,263,071 shares of the business services provider’s stock worth $403,972,000 after acquiring an additional 1,122,646 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Clean Harbors by 18.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,758,591 shares of the business services provider’s stock worth $97,813,000 after acquiring an additional 278,817 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Clean Harbors by 23.8% in the 1st quarter. Victory Capital Management Inc. now owns 983,725 shares of the business services provider’s stock worth $54,715,000 after acquiring an additional 188,798 shares during the period. Finally, First Trust Advisors LP grew its holdings in shares of Clean Harbors by 97.4% in the 1st quarter. First Trust Advisors LP now owns 377,799 shares of the business services provider’s stock worth $21,013,000 after acquiring an additional 186,428 shares during the period. Institutional investors and hedge funds own 94.06% of the company’s stock.
Clean Harbors, Inc. (NYSE:CLH) opened at 55.51 on Friday. The stock’s market cap is $3.17 billion. Clean Harbors, Inc. has a 52 week low of $43.03 and a 52 week high of $61.62. The firm’s 50 day moving average price is $53.73 and its 200-day moving average price is $56.09.
Clean Harbors (NYSE:CLH) last posted its quarterly earnings results 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 analyst estimates 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 quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 EPS. Analysts expect that Clean Harbors, Inc. will post $0.67 EPS for the current year.
A number of equities research analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and issued a $67.00 price target on shares of Clean Harbors in a report on Wednesday, July 19th. ValuEngine raised Clean Harbors from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. KeyCorp upped their target price on Clean Harbors from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, May 23rd. Barclays PLC raised Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 target price on the stock in a research note on Monday, August 7th. Finally, Canaccord Genuity reaffirmed a “hold” rating and issued a $57.00 target price on shares of Clean Harbors in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $62.30.
In other Clean Harbors news, COO Eric W. Gerstenberg sold 4,667 shares of Clean Harbors stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $50.42, for a total value of $235,310.14. Following the transaction, the chief operating officer now owns 91,950 shares in the company, valued at $4,636,119. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 1,945 shares of Clean Harbors stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $54.06, for a total transaction of $105,146.70. Following the completion of the transaction, the executive vice president now owns 51,656 shares in the company, valued at approximately $2,792,523.36. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.
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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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