Loomis Sayles & Co. L P Grows Stake in Clean Harbors Inc (CLH)

Loomis Sayles & Co. L P lifted its stake in shares of Clean Harbors Inc (NYSE:CLH) by 11.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 213,220 shares of the business services provider’s stock after acquiring an additional 22,488 shares during the quarter. Loomis Sayles & Co. L P owned 0.38% of Clean Harbors worth $15,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning acquired a new stake in shares of Clean Harbors in the third quarter worth $213,000. Parametrica Management Ltd acquired a new stake in shares of Clean Harbors in the third quarter worth $239,000. Stevens Capital Management LP acquired a new stake in shares of Clean Harbors in the third quarter worth $281,000. IFP Advisors Inc boosted its position in shares of Clean Harbors by 131.9% in the third quarter. IFP Advisors Inc now owns 3,954 shares of the business services provider’s stock worth $283,000 after buying an additional 2,249 shares during the period. Finally, Sawtooth Solutions LLC acquired a new stake in shares of Clean Harbors in the second quarter worth $350,000. 92.34% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:CLH opened at $57.51 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.04 and a debt-to-equity ratio of 1.35. Clean Harbors Inc has a 1 year low of $44.74 and a 1 year high of $72.50. The firm has a market cap of $3.36 billion, a P/E ratio of 58.84 and a beta of 1.07.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.16. Clean Harbors had a return on equity of 4.93% and a net margin of 4.18%. The business had revenue of $843.18 million during the quarter, compared to analyst estimates of $846.07 million. During the same period last year, the company earned $0.21 earnings per share. Clean Harbors’s quarterly revenue was up 11.6% compared to the same quarter last year. Analysts anticipate that Clean Harbors Inc will post 1.17 earnings per share for the current year.

In related news, EVP Brian P. Weber sold 1,304 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $69.83, for a total transaction of $91,058.32. Following the completion of the sale, the executive vice president now directly owns 63,573 shares in the company, valued at $4,439,302.59. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $64.17, for a total value of $3,208,500.00. Following the sale, the insider now owns 3,859,062 shares of the company’s stock, valued at $247,636,008.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,804 shares of company stock valued at $3,532,423. 8.70% of the stock is owned by corporate insiders.

Several brokerages have recently commented on CLH. Needham & Company LLC raised their target price on Clean Harbors from $74.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, October 1st. Stifel Nicolaus reaffirmed 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. Oppenheimer reaffirmed a “hold” rating on shares of Clean Harbors in a research report on Wednesday, October 31st. UBS Group set a $56.00 target price on Clean Harbors and gave the stock a “sell” rating in a research report on Thursday, November 1st. Finally, BMO Capital Markets decreased their target price on Clean Harbors from $78.00 to $76.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price 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.

Further Reading: How can you know how many shares are floating?

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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