Flinton Capital Management LLC increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 63.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,998 shares of the business services provider’s stock after buying an additional 1,938 shares during the quarter. Flinton Capital Management LLC’s holdings in Clean Harbors were worth $279,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Clean Harbors by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock worth $116,000 after buying an additional 188 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in Clean Harbors by 15.7% during the 1st quarter. Asset Management One Co. Ltd. now owns 3,530 shares of the business services provider’s stock worth $196,000 after buying an additional 480 shares during the last quarter. World Asset Management Inc purchased a new position in Clean Harbors during the 2nd quarter worth approximately $201,000. Balyasny Asset Management LLC purchased a new position in Clean Harbors during the 2nd quarter worth approximately $203,000. Finally, Nomura Holdings Inc. purchased a new position in Clean Harbors during the 1st quarter worth approximately $205,000. Hedge funds and other institutional investors own 94.18% of the company’s stock.
A number of research analysts recently issued reports on CLH shares. BidaskClub downgraded Clean Harbors from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. BMO Capital Markets initiated coverage on Clean Harbors in a research note on Thursday, June 29th. They issued an “outperform” rating and a $65.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of Clean Harbors in a research note on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 target price on shares of Clean Harbors in a research note on Wednesday, July 19th. Finally, Barclays PLC upgraded Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 target price on the stock in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $62.00.
Shares of Clean Harbors, Inc. (CLH) opened at 56.64 on Friday. The stock has a 50 day moving average price of $55.06 and a 200 day moving average price of $55.99. Clean Harbors, Inc. has a 12-month low of $43.03 and a 12-month high of $61.62. The firm’s market capitalization is $3.24 billion.
Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $752.80 million for the quarter, compared to the consensus estimate of $735.63 million. Clean Harbors had a negative net margin of 0.65% and a positive return on equity of 0.79%. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. Analysts predict that Clean Harbors, Inc. will post $0.67 EPS for the current fiscal year.
In other Clean Harbors news, COO Eric W. Gerstenberg sold 4,667 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $50.42, for a total transaction of $235,310.14. Following the completion of the transaction, the chief operating officer now directly owns 91,950 shares of the company’s stock, valued at approximately $4,636,119. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 490 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $56.18, for a total value of $27,528.20. Following the transaction, the executive vice president now directly owns 59,413 shares of the company’s stock, valued at $3,337,822.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,090 shares of company stock valued at $313,845. 8.90% of the stock is currently owned by corporate insiders.
Clean Harbors Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
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