Cramer Rosenthal Mcglynn LLC lifted its stake in Clean Harbors Inc (NYSE:CLH) by 20.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,123,994 shares of the business services provider’s stock after acquiring an additional 192,869 shares during the period. Clean Harbors accounts for 2.2% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 7th largest position. Cramer Rosenthal Mcglynn LLC’s holdings in Clean Harbors were worth $79,916,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. O Shaughnessy Asset Management LLC boosted its stake in shares of Clean Harbors by 148.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 761 shares of the business services provider’s stock worth $54,000 after buying an additional 455 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in Clean Harbors in the 1st quarter valued at $70,000. Coastal Capital Group Inc. acquired a new position in Clean Harbors in the 2nd quarter valued at $107,000. Flagship Harbor Advisors LLC grew its stake in shares of Clean Harbors by 17.3% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 2,394 shares of the business services provider’s stock valued at $170,000 after buying an additional 353 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Clean Harbors during the 2nd quarter valued at $207,000. 90.58% of the stock is owned by hedge funds and other institutional investors.
CLH has been the subject of several research reports. Robert W. Baird boosted their price objective on shares of 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 shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price objective for the company in a research note on Thursday, August 1st. TheStreet raised shares of Clean Harbors from a “c+” rating to a “b” rating in a research note on Wednesday, July 31st. CIBC raised shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price objective for the company in a research note on Thursday, August 1st. Finally, Needham & Company LLC initiated coverage on shares of Clean Harbors in a research note on Friday, August 23rd. They set a “buy” rating and a $86.00 price objective for the company. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Clean Harbors presently has a consensus rating of “Buy” and an average price target of $82.00.
In related news, Director Rod Marlin sold 4,267 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $68.58, for a total transaction of $292,630.86. Following the sale, the director now owns 37,062 shares in the company, valued at $2,541,711.96. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrea Robertson sold 2,557 shares of the stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $78.98, for a total transaction of $201,951.86. Following the sale, the director now owns 13,467 shares in the company, valued at approximately $1,063,623.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,858 shares of company stock valued at $2,641,644. 8.10% of the stock is owned by corporate insiders.
Clean Harbors stock traded down $0.04 during trading on Friday, reaching $77.66. 249 shares of the company’s stock were exchanged, compared to its average volume of 298,832. The company’s 50-day moving average is $74.59 and its two-hundred day moving average is $70.68. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.59 and a current ratio of 1.91. Clean Harbors Inc has a 52-week low of $46.21 and a 52-week high of $80.06. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 61.63 and a beta of 1.60.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Clean Harbors had a net margin of 2.53% and a return on equity of 7.46%. The firm had revenue of $868.68 million during the quarter, compared to analysts’ expectations of $880.97 million. During the same period in the prior year, the company earned $0.54 EPS. The firm’s revenue was up 2.3% on a year-over-year basis. Analysts anticipate that Clean Harbors Inc will post 1.93 EPS for the current year.
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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