Ameriprise Financial Inc. boosted its position in shares of Clean Harbors Inc. (NYSE:CLH) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,251 shares of the company’s stock after buying an additional 2,055 shares during the period. Ameriprise Financial Inc. owned 0.23% of Clean Harbors worth $6,996,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of CLH. Bank of Montreal Can purchased a new position in Clean Harbors during the second quarter worth $111,000. LS Investment Advisors LLC raised 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 worth $168,000 after buying an additional 1,361 shares during the period. Calvert Investment Management Inc. purchased a new position in Clean Harbors during the second quarter worth $204,000. Ledyard National Bank raised 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 worth $208,000 after buying an additional 150 shares during the period. Finally, Capstone Asset Management Co. raised 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 worth $237,000 after buying an additional 290 shares during the period. Hedge funds and other institutional investors own 95.11% of the company’s stock.
Clean Harbors Inc. (NYSE:CLH) traded down 2.55% on Friday, hitting $47.74. The stock had a trading volume of 404,082 shares. Clean Harbors Inc. has a one year low of $37.09 and a one year high of $54.54. The stock has a 50-day moving average of $47.54 and a 200-day moving average of $49.67. The company has a market cap of $2.74 billion, a PE ratio of 115.31 and a beta of 0.81.
Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.08. The firm had revenue of $397.50 million for the quarter, compared to analyst estimates of $727.68 million. Clean Harbors had a net margin of 0.81% and a return on equity of 3.74%. The business’s revenue was down 25.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. Equities analysts expect that Clean Harbors Inc. will post $0.51 earnings per share for the current fiscal year.
A number of research firms recently weighed in on CLH. Zacks Investment Research upgraded shares of Clean Harbors from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. Imperial Capital lifted their price objective on shares of Clean Harbors from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Barclays PLC decreased their target price on shares of Clean Harbors from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 9th. Macquarie assumed coverage on shares of Clean Harbors in a research report on Thursday, August 25th. They set a “neutral” rating and a $51.00 target price on the stock. Finally, Needham & Company LLC boosted their target price on shares of Clean Harbors from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, June 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $55.57.
In other Clean Harbors news, insider James M. Rutledge sold 16,000 shares of the stock in a transaction 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 sale, the insider now directly owns 127,939 shares of the company’s stock, valued at $6,491,624.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Robertson sold 3,608 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $50.85, for a total value of $183,466.80. Following the completion of the sale, the director now directly owns 15,170 shares in the company, valued at $771,394.50. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.
About Clean Harbors
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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