Cwm LLC trimmed its stake in Clean Harbors Inc (NYSE:CLH) by 13.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,967 shares of the business services provider’s stock after selling 5,325 shares during the quarter. Cwm LLC owned approximately 0.06% of Clean Harbors worth $1,787,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Clean Harbors by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock valued at $116,000 after buying an additional 188 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Clean Harbors during the 3rd quarter valued at approximately $189,000. Balyasny Asset Management LLC purchased a new stake in shares of Clean Harbors during the 2nd quarter valued at approximately $203,000. Stifel Financial Corp purchased a new stake in shares of Clean Harbors during the 3rd quarter valued at approximately $211,000. Finally, Shelton Capital Management purchased a new stake in shares of Clean Harbors during the 2nd quarter valued at approximately $221,000. Hedge funds and other institutional investors own 92.58% of the company’s stock.
CLH has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Clean Harbors from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. Canaccord Genuity restated a “hold” rating and set a $57.00 price target on shares of Clean Harbors in a research note on Wednesday, November 1st. BMO Capital Markets dropped their price target on shares of Clean Harbors from $65.00 to $59.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. Needham & Company LLC restated a “buy” rating and set a $66.00 price target on shares of Clean Harbors in a research note on Friday, November 3rd. Finally, UBS Group raised shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.00.
In other news, EVP Brian P. Weber sold 1,870 shares of the stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $53.00, for a total value of $99,110.00. Following the transaction, the executive vice president now owns 57,205 shares of the company’s stock, valued at approximately $3,031,865. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Eric J. Dugas sold 1,139 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $53.26, for a total transaction of $60,663.14. Following the completion of the transaction, the senior vice president now directly owns 13,777 shares in the company, valued at approximately $733,763.02. The disclosure for this sale can be found here. Insiders have sold a total of 11,581 shares of company stock worth $613,418 in the last ninety days. 8.90% of the stock is currently owned by insiders.
Shares of Clean Harbors Inc (NYSE:CLH) opened at $54.62 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.86 and a current ratio of 2.19. The firm has a market cap of $3,207.63, a P/E ratio of 780.40 and a beta of 1.02. Clean Harbors Inc has a twelve month low of $49.63 and a twelve month high of $61.62.
Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, November 1st. The business services provider reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.18). Clean Harbors had a return on equity of 1.05% and a net margin of 0.13%. analysts forecast that Clean Harbors Inc will post 0.31 earnings per share for the current fiscal year.
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Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
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