First Trust Advisors LP increased its stake in Clean Harbors Inc (NYSE:CLH) by 16.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 112,333 shares of the business services provider’s stock after purchasing an additional 15,686 shares during the period. First Trust Advisors LP owned 0.20% of Clean Harbors worth $6,088,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in CLH. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Clean Harbors by 49.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,120 shares of the business services provider’s stock worth $169,000 after purchasing an additional 1,039 shares during the last quarter. Zions Bancorporation bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $189,000. Stifel Financial Corp bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $211,000. MAI Capital Management bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $222,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $226,000. 93.65% of the stock is currently owned by institutional investors and hedge funds.
Shares of Clean Harbors Inc (NYSE CLH) traded down $0.29 during trading on Wednesday, reaching $51.96. The company’s stock had a trading volume of 251,767 shares, compared to its average volume of 326,031. The company has a quick ratio of 1.94, a current ratio of 2.29 and a debt-to-equity ratio of 1.37. The company has a market cap of $3,003.33, a P/E ratio of 29.36 and a beta of 1.08. Clean Harbors Inc has a 52-week low of $46.62 and a 52-week high of $61.62.
Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 28th. The business services provider reported ($0.06) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.13). Clean Harbors had a net margin of 3.42% and a return on equity of 1.36%. The business had revenue of $747.40 million for the quarter, compared to the consensus estimate of $720.50 million. During the same period in the previous year, the firm earned ($0.06) EPS. The firm’s revenue was up 8.0% on a year-over-year basis. equities research analysts predict that Clean Harbors Inc will post 0.71 earnings per share for the current year.
CLH has been the topic of several recent research reports. Stifel Nicolaus reissued a “buy” rating and issued a $65.00 price target (down previously from $70.00) on shares of Clean Harbors in a report on Thursday, March 1st. Needham & Company LLC reissued a “buy” rating and issued a $63.00 price target (down previously from $66.00) on shares of Clean Harbors in a report on Thursday, March 1st. Canaccord Genuity reissued a “hold” rating and issued a $57.00 price target on shares of Clean Harbors in a report on Thursday, January 18th. Zacks Investment Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Finally, Robert W. Baird reissued a “hold” rating and issued a $57.00 price target on shares of Clean Harbors in a report on Thursday, March 1st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $59.89.
In other news, EVP Brian P. Weber sold 1,870 shares of Clean Harbors stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $53.00, for a total transaction of $99,110.00. Following the transaction, the executive vice president now directly owns 57,205 shares in the company, valued at approximately $3,031,865. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Eric W. Gerstenberg sold 7,150 shares of Clean Harbors stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $52.77, for a total value of $377,305.50. Following the transaction, the chief operating officer now owns 86,202 shares in the company, valued at $4,548,879.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,048 shares of company stock worth $781,644. 8.90% of the stock is owned by insiders.
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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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