Dimensional Fund Advisors LP raised its stake in shares of Clean Harbors Inc (NYSE:CLH) by 2.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,989,511 shares of the business services provider’s stock after buying an additional 51,695 shares during the period. Dimensional Fund Advisors LP’s holdings in Clean Harbors were worth $110,515,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Brown Advisory Inc. bought a new position in shares of Clean Harbors during the 1st quarter valued at about $225,000. Canada Pension Plan Investment Board boosted its position in shares of Clean Harbors by 41.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 193,200 shares of the business services provider’s stock valued at $10,732,000 after purchasing an additional 56,200 shares in the last quarter. Koch Industries Inc. boosted its position in shares of Clean Harbors by 108.8% during the 1st quarter. Koch Industries Inc. now owns 11,488 shares of the business services provider’s stock valued at $561,000 after purchasing an additional 5,987 shares in the last quarter. BlackRock Inc. boosted its position in shares of Clean Harbors by 1.9% during the 1st quarter. BlackRock Inc. now owns 4,286,357 shares of the business services provider’s stock valued at $209,220,000 after purchasing an additional 80,439 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Clean Harbors by 13.1% during the 2nd quarter. Bank of Montreal Can now owns 54,791 shares of the business services provider’s stock valued at $3,043,000 after purchasing an additional 6,329 shares in the last quarter. 94.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CLH opened at $72.03 on Friday. Clean Harbors Inc has a one year low of $44.74 and a one year high of $72.22. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 218.27 and a beta of 1.07. The company has a quick ratio of 1.73, a current ratio of 2.09 and a debt-to-equity ratio of 1.40.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, August 1st. The business services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.35 by $0.19. Clean Harbors had a net margin of 3.69% and a return on equity of 3.17%. The company had revenue of $849.14 million during the quarter, compared to analysts’ expectations of $838.85 million. During the same period last year, the company posted $0.24 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. analysts anticipate that Clean Harbors Inc will post 0.98 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on CLH shares. TheStreet upgraded shares of Clean Harbors from a “c+” rating to a “b” rating in a research report on Thursday, August 2nd. Robert W. Baird restated a “buy” rating and set a $69.00 price objective on shares of Clean Harbors in a research report on Thursday, August 2nd. Needham & Company LLC raised their price objective on shares of Clean Harbors from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Stifel Nicolaus raised their price objective on shares of Clean Harbors from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, ValuEngine upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $63.25.

In other Clean Harbors news, Director Andrea Robertson sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $63.62, for a total value of $127,240.00. Following the completion of the transaction, the director now directly owns 16,429 shares in the company, valued at $1,045,212.98. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Eric W. Gerstenberg sold 8,000 shares of the firm’s stock in a transaction dated Monday, June 25th. The stock was sold at an average price of $55.19, for a total transaction of $441,520.00. Following the completion of the transaction, the chief operating officer now owns 59,486 shares of the company’s stock, valued at $3,283,032.34. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,513 shares of company stock valued at $1,742,663. Corporate insiders own 8.70% of the company’s stock.

Clean Harbors Company 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.

Further Reading: Growth Stocks

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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