Envestnet Asset Management Inc. lessened its holdings in Clean Harbors Inc (NYSE:CLH) by 24.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,476 shares of the business services provider’s stock after selling 23,347 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of Clean Harbors worth $3,589,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Stevens Capital Management LP raised its holdings in shares of Clean Harbors by 116.1% in the 1st quarter. Stevens Capital Management LP now owns 23,210 shares of the business services provider’s stock worth $1,133,000 after acquiring an additional 12,472 shares during the last quarter. Aperio Group LLC raised its holdings in shares of Clean Harbors by 25.2% in the 1st quarter. Aperio Group LLC now owns 14,743 shares of the business services provider’s stock worth $720,000 after acquiring an additional 2,969 shares during the last quarter. 12th Street Asset Management Company LLC raised its holdings in shares of Clean Harbors by 14.2% in the 1st quarter. 12th Street Asset Management Company LLC now owns 255,382 shares of the business services provider’s stock worth $12,466,000 after acquiring an additional 31,673 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Clean Harbors in the 1st quarter worth about $375,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Clean Harbors by 8.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 379,990 shares of the business services provider’s stock worth $18,548,000 after acquiring an additional 30,433 shares during the last quarter. Institutional investors own 93.20% of the company’s stock.
In other Clean Harbors news, insider Alan S. Mckim sold 100,000 shares of the stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $52.11, for a total value of $5,211,000.00. Following the completion of the sale, the insider now owns 3,955,136 shares in the company, valued at approximately $206,102,136.96. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark G. Bouldin sold 703 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $47.62, for a total transaction of $33,476.86. Following the transaction, the executive vice president now directly owns 17,744 shares of the company’s stock, valued at $844,969.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,788 shares of company stock valued at $7,871,253. Company insiders own 8.70% of the company’s stock.
A number of research firms recently weighed in on CLH. UBS began coverage on shares of Clean Harbors in a report on Wednesday, March 14th. They issued a “sell” rating and a $49.00 target price on the stock. Zacks Investment Research lowered shares of Clean Harbors from a “buy” rating to a “hold” rating in a report on Friday, May 4th. ValuEngine lowered shares of Clean Harbors from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th. Oppenheimer lowered shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $62.00 target price on the stock. in a report on Thursday, March 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $65.00 target price (down previously from $70.00) on shares of Clean Harbors in a report on Thursday, March 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $57.89.
NYSE:CLH opened at $52.65 on Friday. The company has a quick ratio of 1.71, a current ratio of 2.06 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 159.55 and a beta of 1.03. Clean Harbors Inc has a 52 week low of $44.74 and a 52 week high of $59.86.
Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 2nd. The business services provider reported ($0.12) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.02. The firm had revenue of $749.80 million during the quarter, compared to analyst estimates of $732.88 million. Clean Harbors had a net margin of 3.64% and a return on equity of 1.72%. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.19) EPS. equities analysts forecast that Clean Harbors Inc will post 0.69 earnings per share for the current year.
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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