Victory Capital Management Inc. bought a new position in Clean Harbors Inc (NYSE:CLH) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 637,355 shares of the business services provider’s stock, valued at approximately $45,622,000. Victory Capital Management Inc. owned about 1.14% of Clean Harbors at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Brown Advisory Inc. purchased a new stake in Clean Harbors in the first quarter worth $225,000. Canada Pension Plan Investment Board increased its position in Clean Harbors by 41.0% in the second quarter. Canada Pension Plan Investment Board now owns 193,200 shares of the business services provider’s stock worth $10,732,000 after buying an additional 56,200 shares during the last quarter. Bank of Montreal Can increased its position in Clean Harbors by 13.1% in the second quarter. Bank of Montreal Can now owns 54,791 shares of the business services provider’s stock worth $3,043,000 after buying an additional 6,329 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Clean Harbors in the third quarter worth $28,847,000. Finally, First Allied Advisory Services Inc. increased its position in Clean Harbors by 19.0% in the second quarter. First Allied Advisory Services Inc. now owns 6,835 shares of the business services provider’s stock worth $383,000 after buying an additional 1,092 shares during the last quarter. 93.84% of the stock is owned by institutional investors and hedge funds.
CLH has been the subject of several recent research reports. TheStreet upgraded Clean Harbors from a “c+” rating to a “b” rating in a research report on Thursday, August 2nd. Robert W. Baird reiterated a “buy” rating and issued a $69.00 price target on shares of Clean Harbors in a research report on Thursday, August 2nd. Needham & Company LLC lifted their price target on Clean Harbors from $63.00 to $74.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Stifel Nicolaus lifted their price target on Clean Harbors from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, August 2nd. Finally, ValuEngine upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $66.75.
In related news, insider David M. Parry sold 4,579 shares of Clean Harbors stock in a transaction on Friday, August 31st. The stock was sold at an average price of $68.76, for a total transaction of $314,852.04. Following the completion of the sale, the insider now owns 42,598 shares of the company’s stock, valued at $2,929,038.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Alan S. Mckim sold 50,000 shares of Clean Harbors stock in a transaction on Tuesday, November 6th. The shares were sold at an average price of $64.17, for a total value of $3,208,500.00. Following the sale, the insider now directly owns 3,859,062 shares of the company’s stock, valued at approximately $247,636,008.54. The disclosure for this sale can be found here. Insiders have sold 66,907 shares of company stock valued at $4,370,593 in the last three months. 8.70% of the stock is owned by corporate insiders.
Shares of NYSE CLH opened at $66.13 on Friday. The firm has a market capitalization of $3.74 billion, a PE ratio of 200.39 and a beta of 1.01. Clean Harbors Inc has a fifty-two week low of $44.74 and a fifty-two week high of $72.50. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.04 and a quick ratio of 1.70.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, October 31st. The business services provider reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.16. The company had revenue of $843.18 million during the quarter, compared to analysts’ expectations of $846.07 million. Clean Harbors had a return on equity of 4.93% and a net margin of 4.18%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 earnings per share. As a group, equities research analysts predict that Clean Harbors Inc will post 1.17 earnings per share for the current year.
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Clean Harbors Company 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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