Tocqueville Asset Management L.P. cut its position in shares of Clean Harbors Inc. (NYSE:CLH) by 1.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,160 shares of the company’s stock after selling 1,845 shares during the period. Tocqueville Asset Management L.P.’s holdings in Clean Harbors were worth $5,636,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in CLH. Bank of Montreal Can acquired a new stake in shares of Clean Harbors during the second quarter worth $111,000. LS Investment Advisors LLC raised its stake in shares of Clean Harbors by 73.3% in the second quarter. LS Investment Advisors LLC now owns 3,217 shares of the company’s stock worth $168,000 after buying an additional 1,361 shares during the period. Ledyard National Bank raised its stake in shares of Clean Harbors by 3.9% in the second quarter. Ledyard National Bank now owns 3,995 shares of the company’s stock worth $208,000 after buying an additional 150 shares during the period. Capstone Asset Management Co. raised its stake in shares of Clean Harbors by 6.8% in the second quarter. Capstone Asset Management Co. now owns 4,539 shares of the company’s stock worth $237,000 after buying an additional 290 shares during the period. Finally, First Quadrant L P CA raised its stake in shares of Clean Harbors by 43.8% in the second quarter. First Quadrant L P CA now owns 6,900 shares of the company’s stock worth $360,000 after buying an additional 2,100 shares during the period. Institutional investors own 95.08% of the company’s stock.
Clean Harbors Inc. (NYSE:CLH) traded down 0.38% during trading on Wednesday, hitting $46.78. The stock had a trading volume of 205,920 shares. Clean Harbors Inc. has a 52 week low of $37.09 and a 52 week high of $54.54. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 113.00 and a beta of 0.81. The company has a 50-day moving average of $47.32 and a 200 day moving average of $49.62.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.08. Clean Harbors had a return on equity of 3.74% and a net margin of 0.81%. The business had revenue of $397.50 million for the quarter, compared to the consensus estimate of $727.68 million. During the same quarter in the prior year, the company earned $0.72 earnings per share. Clean Harbors’s quarterly revenue was down 25.5% compared to the same quarter last year. On average, equities research analysts anticipate that Clean Harbors Inc. will post $0.51 EPS for the current year.
CLH has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and issued a $58.00 target price (down from $59.00) on shares of Clean Harbors in a research note on Wednesday, October 12th. Zacks Investment Research upgraded Clean Harbors from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Thursday, July 28th. Macquarie initiated coverage on Clean Harbors in a research note on Thursday, August 25th. They issued a “neutral” rating and a $51.00 target price for the company. Imperial Capital lifted their price objective on Clean Harbors from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. Finally, Barclays PLC lowered their price objective on Clean Harbors from $58.00 to $57.00 and set an “overweight” rating for the company in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $55.43.
In related news, Director Andrea Robertson sold 3,608 shares of the company’s stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $50.85, for a total transaction of $183,466.80. Following the completion of the sale, the director now directly owns 15,170 shares in the company, valued at approximately $771,394.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Brian P. Weber sold 773 shares of the company’s stock in a transaction on Wednesday, September 28th. The stock was sold at an average price of $46.58, for a total value of $36,006.34. Following the sale, the executive vice president now owns 47,055 shares of the company’s stock, valued at $2,191,821.90. The disclosure for this sale can be found here. Corporate insiders own 9.50% of the company’s stock.
Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services. The Company operates in six segments: Technical Services; Industrial and Field Services; Kleen Performance Products; SK Environmental Services; Lodging Services, and Oil and Gas Field Services. Its Technical Services segment involves the collection, transportation, treatment and disposal of hazardous and non-hazardous wastes.
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