Principal Financial Group Inc. increased its position in Clean Harbors Inc. (NYSE:CLH) by 13.9% during the second quarter, Holdings Channel reports. The firm owned 188,515 shares of the company’s stock after buying an additional 22,979 shares during the period. Principal Financial Group Inc. owned approximately 0.33% of Clean Harbors worth $9,824,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of CLH. Bank of Montreal Can acquired a new position in Clean Harbors during the second quarter worth $111,000. LS Investment Advisors LLC boosted 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 in the last quarter. Calvert Investment Management Inc. acquired a new position in Clean Harbors during the second quarter worth $204,000. Ledyard National Bank boosted 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 in the last quarter. Finally, Capstone Asset Management Co. boosted 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 in the last quarter. 95.11% of the stock is owned by institutional investors and hedge funds.
Clean Harbors Inc. (NYSE:CLH) opened at 46.63 on Friday. Clean Harbors Inc. has a 52 week low of $37.09 and a 52 week high of $54.54. The stock has a 50 day moving average price of $47.37 and a 200 day moving average price of $49.65. The stock has a market cap of $2.68 billion, a PE ratio of 112.63 and a beta of 0.81.
Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.15 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.08. Clean Harbors had a return on equity of 3.74% and a net margin of 0.81%. The company earned $397.50 million during the quarter, compared to analyst estimates of $727.68 million. During the same period last year, the firm earned $0.72 earnings per share. The business’s revenue was down 25.5% compared to the same quarter last year. On average, equities analysts predict that Clean Harbors Inc. will post $0.51 earnings per share for the current year.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Clean Harbors from a “sell” rating to a “hold” rating in a report on Monday, June 27th. Imperial Capital increased their price target on Clean Harbors from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Barclays PLC lowered their price target on Clean Harbors from $58.00 to $57.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Macquarie assumed coverage on Clean Harbors in a report on Thursday, August 25th. They set a “neutral” rating and a $51.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and set a $58.00 price target (down from $59.00) on shares of Clean Harbors in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Clean Harbors has a consensus rating of “Hold” and a consensus target price of $55.43.
In related news, EVP Brian P. Weber sold 773 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 47,055 shares in the company, valued at $2,191,821.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James M. Rutledge sold 16,000 shares of the company’s stock in a transaction on Friday, August 5th. The shares were sold at an average price of $50.74, for a total value of $811,840.00. Following the completion of the transaction, the insider now owns 127,939 shares of the company’s stock, valued at $6,491,624.86. The disclosure for this sale can be found here. 9.50% of the stock is owned by insiders.
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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