Clean Harbors Inc (NYSE:CLH) Shares Acquired by First Trust Advisors LP

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First Trust Advisors LP boosted its position in shares of Clean Harbors Inc (NYSE:CLH) by 83.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,328 shares of the business services provider’s stock after purchasing an additional 68,248 shares during the period. First Trust Advisors LP owned approximately 0.27% of Clean Harbors worth $9,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC boosted its stake in Clean Harbors by 1.7% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 3,074,946 shares of the business services provider’s stock valued at $157,868,000 after acquiring an additional 52,444 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in Clean Harbors by 49.2% during the 1st quarter. TimesSquare Capital Management LLC now owns 1,331,565 shares of the business services provider’s stock valued at $68,363,000 after acquiring an additional 439,365 shares during the last quarter. Impax Asset Management Group plc boosted its stake in Clean Harbors by 24.1% during the 1st quarter. Impax Asset Management Group plc now owns 980,377 shares of the business services provider’s stock valued at $49,738,000 after acquiring an additional 190,235 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Clean Harbors by 73.7% during the 1st quarter. Bank of New York Mellon Corp now owns 910,876 shares of the business services provider’s stock valued at $46,765,000 after acquiring an additional 386,538 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Clean Harbors by 10.2% during the 1st quarter. Royal Bank of Canada now owns 786,702 shares of the business services provider’s stock valued at $40,390,000 after acquiring an additional 72,600 shares during the last quarter. 90.26% of the stock is owned by institutional investors and hedge funds.

In other news, Director Rod Marlin sold 4,000 shares of Clean Harbors stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $69.00, for a total value of $276,000.00. Following the transaction, the director now owns 35,230 shares of the company’s stock, valued at $2,430,870. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Eric J. Dugas sold 1,200 shares of Clean Harbors stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $61.78, for a total transaction of $74,136.00. Following the completion of the transaction, the chief accounting officer now directly owns 19,426 shares in the company, valued at approximately $1,200,138.28. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

A number of research analysts have recently issued reports on CLH shares. Stifel Nicolaus reduced their price target on shares of Clean Harbors from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. ValuEngine raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Needham & Company LLC initiated coverage on shares of Clean Harbors in a report on Friday, June 19th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Oppenheimer reiterated a “buy” rating and issued a $75.00 target price on shares of Clean Harbors in a report on Friday, April 24th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. Clean Harbors currently has a consensus rating of “Buy” and an average target price of $79.25.

NYSE CLH opened at $59.60 on Friday. The company has a quick ratio of 1.93, a current ratio of 2.26 and a debt-to-equity ratio of 1.51. The stock has a market capitalization of $3.31 billion, a PE ratio of 30.72 and a beta of 1.52. The company has a 50 day moving average price of $59.24 and a two-hundred day moving average price of $62.98. Clean Harbors Inc has a 12-month low of $29.45 and a 12-month high of $88.40.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, April 29th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.19. Clean Harbors had a net margin of 3.10% and a return on equity of 9.46%. The firm had revenue of $858.60 million during the quarter, compared to analysts’ expectations of $795.84 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Harbors Inc will post 0.94 EPS for the current year.

Clean Harbors Company 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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