Daiwa Securities Group Inc. boosted its position in Clean Harbors Inc (NYSE:CLH) by 44.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,609 shares of the business services provider’s stock after acquiring an additional 42,263 shares during the quarter. Daiwa Securities Group Inc. owned 0.24% of Clean Harbors worth $6,742,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently modified their holdings of CLH. Bank of New York Mellon Corp raised its holdings in Clean Harbors by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 653,225 shares of the business services provider’s stock valued at $36,287,000 after buying an additional 35,421 shares during the period. Northern Trust Corp raised its holdings in Clean Harbors by 10.8% during the 2nd quarter. Northern Trust Corp now owns 454,806 shares of the business services provider’s stock valued at $25,265,000 after buying an additional 44,173 shares during the period. Atria Investments LLC raised its holdings in Clean Harbors by 29.9% during the 3rd quarter. Atria Investments LLC now owns 14,546 shares of the business services provider’s stock valued at $1,041,000 after buying an additional 3,351 shares during the period. State of Alaska Department of Revenue raised its holdings in Clean Harbors by 183.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,361 shares of the business services provider’s stock valued at $383,000 after buying an additional 3,471 shares during the period. Finally, Seven Eight Capital LP raised its holdings in Clean Harbors by 242.5% during the 3rd quarter. Seven Eight Capital LP now owns 13,700 shares of the business services provider’s stock valued at $981,000 after buying an additional 9,700 shares during the period. Hedge funds and other institutional investors own 94.92% of the company’s stock.
CLH stock opened at $58.19 on Tuesday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.70 and a current ratio of 2.04. Clean Harbors Inc has a twelve month low of $44.74 and a twelve month high of $72.50. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 176.33 and a beta of 1.37.
CLH has been the topic of several recent research reports. TheStreet lowered Clean Harbors from a “b-” rating to a “c+” rating in a report on Thursday, December 27th. Zacks Investment Research lowered Clean Harbors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Oppenheimer restated a “hold” rating on shares of Clean Harbors in a report on Wednesday, October 31st. UBS Group upgraded Clean Harbors from a “sell” rating to a “neutral” rating in a report on Thursday, January 10th. Finally, BMO Capital Markets decreased their price target on Clean Harbors from $78.00 to $76.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $66.75.
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Clean Harbors Profile
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.
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