Clean Harbors Inc (NYSE:CLH) Position Raised by Cramer Rosenthal Mcglynn LLC

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Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Clean Harbors Inc (NYSE:CLH) by 20.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,123,994 shares of the business services provider’s stock after buying an additional 192,869 shares during the period. Clean Harbors makes up 2.2% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 7th biggest position. Cramer Rosenthal Mcglynn LLC owned about 2.01% of Clean Harbors worth $79,916,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in shares of Clean Harbors by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 502,684 shares of the business services provider’s stock worth $24,807,000 after buying an additional 25,277 shares during the period. Sigma Planning Corp bought a new position in shares of Clean Harbors in the first quarter worth about $227,000. Texas Permanent School Fund raised its stake in shares of Clean Harbors by 3.5% in the first quarter. Texas Permanent School Fund now owns 34,511 shares of the business services provider’s stock worth $2,469,000 after buying an additional 1,160 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Clean Harbors by 0.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 71,637 shares of the business services provider’s stock worth $5,124,000 after buying an additional 480 shares during the period. Finally, Parametrica Management Ltd bought a new position in shares of Clean Harbors in the first quarter worth about $294,000. 90.58% of the stock is currently owned by institutional investors.

Several analysts recently issued reports on the company. Zacks Investment Research raised Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 target price on the stock in a research note on Friday, August 2nd. Robert W. Baird lifted their target price on Clean Harbors from $82.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Oppenheimer raised Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 target price on the stock in a research note on Thursday, August 1st. CIBC raised Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 target price on the stock in a research note on Thursday, August 1st. Finally, TheStreet raised Clean Harbors from a “c+” rating to a “b” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $82.00.

NYSE CLH traded down $0.04 during trading on Friday, hitting $77.66. 249 shares of the stock traded hands, compared to its average volume of 298,832. The company has a market capitalization of $4.19 billion, a P/E ratio of 61.63 and a beta of 1.60. The firm has a 50-day simple moving average of $74.59 and a 200-day simple moving average of $70.68. The company has a quick ratio of 1.59, a current ratio of 1.91 and a debt-to-equity ratio of 1.40. Clean Harbors Inc has a 12-month low of $46.21 and a 12-month high of $80.06.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.04. The business had revenue of $868.68 million during the quarter, compared to analysts’ expectations of $880.97 million. Clean Harbors had a return on equity of 7.46% and a net margin of 2.53%. The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. As a group, research analysts predict that Clean Harbors Inc will post 1.93 EPS for the current fiscal year.

In other news, CAO Eric J. Dugas sold 2,034 shares of Clean Harbors stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $73.85, for a total value of $150,210.90. Following the completion of the transaction, the chief accounting officer now owns 24,234 shares in the company, valued at approximately $1,789,680.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rod Marlin sold 4,267 shares of Clean Harbors stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $68.58, for a total value of $292,630.86. Following the completion of the transaction, the director now owns 37,062 shares of the company’s stock, valued at approximately $2,541,711.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 34,858 shares of company stock valued at $2,641,644. Company insiders own 8.10% of the company’s stock.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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

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