Mitsubishi UFJ Trust & Banking Corp lessened its holdings in Clean Harbors Inc (NYSE:CLH) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 370,760 shares of the business services provider’s stock after selling 8,480 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.66% of Clean Harbors worth $26,539,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in CLH. BlackRock Inc. boosted its position in shares of Clean Harbors by 18.2% in the third quarter. BlackRock Inc. now owns 5,071,096 shares of the business services provider’s stock valued at $362,991,000 after acquiring an additional 782,473 shares during the period. Victory Capital Management Inc. bought a new stake in shares of Clean Harbors in the third quarter valued at about $45,622,000. Hennessy Advisors Inc. bought a new stake in shares of Clean Harbors in the third quarter valued at about $28,847,000. First Trust Advisors LP boosted its position in shares of Clean Harbors by 139.5% in the second quarter. First Trust Advisors LP now owns 382,307 shares of the business services provider’s stock valued at $21,237,000 after acquiring an additional 222,672 shares during the period. Finally, American Century Companies Inc. bought a new stake in shares of Clean Harbors in the third quarter valued at about $14,521,000. 96.13% of the stock is owned by institutional investors.
CLH opened at $63.88 on Friday. Clean Harbors Inc has a twelve month low of $44.74 and a twelve month 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. The stock has a market cap of $3.62 billion, a P/E ratio of 193.58 and a beta of 1.01.
Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.16. The business had revenue of $843.18 million during the quarter, compared to analysts’ expectations of $846.07 million. Clean Harbors had a net margin of 4.18% and a return on equity of 4.93%. Clean Harbors’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.21 earnings per share. As a group, analysts anticipate that Clean Harbors Inc will post 1.17 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on CLH shares. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 target price (up previously from $70.00) on shares of Clean Harbors in a research report on Tuesday, September 25th. Needham & Company LLC upped their price objective on shares of Clean Harbors from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. UBS Group set a $56.00 price objective on shares of Clean Harbors and gave the stock a “sell” rating in a research report on Thursday, November 1st. BMO Capital Markets cut their price objective on shares of Clean Harbors from $78.00 to $76.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. Finally, Oppenheimer reaffirmed a “hold” rating on shares of Clean Harbors in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Clean Harbors currently has a consensus rating of “Buy” and a consensus price target of $66.75.
In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of the business’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $64.17, for a total transaction of $3,208,500.00. Following the completion of the transaction, the insider now owns 3,859,062 shares of the company’s stock, valued at $247,636,008.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Louis Battles sold 2,000 shares of the business’s stock in a transaction dated Friday, November 9th. The stock was sold at an average price of $65.20, for a total value of $130,400.00. Following the transaction, the chief financial officer now directly owns 53,113 shares of the company’s stock, valued at approximately $3,462,967.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,328 shares of company stock valued at $4,055,741. Insiders own 8.70% of the company’s stock.
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About Clean Harbors
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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