Dimensional Fund Advisors LP raised its position in Clean Harbors Inc. (NYSE:CLH) by 12.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,717,810 shares of the company’s stock after buying an additional 186,113 shares during the period. Dimensional Fund Advisors LP owned 2.99% of Clean Harbors worth $89,513,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of CLH. LPL Financial LLC increased its stake in shares of Clean Harbors by 0.7% in the first quarter. LPL Financial LLC now owns 7,385 shares of the company’s stock worth $354,000 after buying an additional 51 shares during the period. State Treasurer State of Michigan increased its stake in shares of Clean Harbors by 0.5% in the second quarter. State Treasurer State of Michigan now owns 21,000 shares of the company’s stock worth $1,094,000 after buying an additional 100 shares during the period. Ledyard National Bank increased 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. PNC Financial Services Group Inc. increased its stake in shares of Clean Harbors by 0.5% in the second quarter. PNC Financial Services Group Inc. now owns 41,416 shares of the company’s stock worth $2,158,000 after buying an additional 196 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in shares of Clean Harbors by 9.3% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,713 shares of the company’s stock worth $134,000 after buying an additional 231 shares during the period. Institutional investors own 95.11% of the company’s stock.
Clean Harbors Inc. (NYSE:CLH) traded down 0.770% during mid-day trading on Friday, hitting $47.045. The company had a trading volume of 61,920 shares. Clean Harbors Inc. has a 1-year low of $37.09 and a 1-year high of $54.54. The stock has a market capitalization of $2.70 billion, a PE ratio of 113.635 and a beta of 0.79. The stock has a 50 day moving average price of $48.10 and a 200-day moving average price of $49.55.
Clean Harbors (NYSE:CLH) last issued its earnings results 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. The firm earned $397.50 million during the quarter, compared to the consensus estimate of $727.68 million. Clean Harbors had a return on equity of 3.74% and a net margin of 0.81%. The company’s quarterly revenue was down 25.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 EPS. On average, analysts forecast that Clean Harbors Inc. will post $0.51 earnings per share for the current year.
A number of research firms have weighed in on CLH. Barclays PLC lowered their price target on Clean Harbors from $58.00 to $57.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 9th. Imperial Capital raised their price target on Clean Harbors from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Zacks Investment Research upgraded Clean Harbors from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Thursday, July 28th. Needham & Company LLC lifted their price objective on Clean Harbors from $51.00 to $59.00 and gave the stock a “buy” rating in a report on Wednesday, June 22nd. Finally, Macquarie assumed coverage on Clean Harbors in a report on Thursday, August 25th. They issued a “neutral” rating and a $51.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $55.57.
In other Clean Harbors news, insider James M. Rutledge sold 16,000 shares of the stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $50.74, for a total transaction of $811,840.00. Following the completion of the transaction, the insider now owns 127,939 shares of the company’s stock, valued at approximately $6,491,624.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 920 shares of the stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $50.22, for a total transaction of $46,202.40. Following the transaction, the executive vice president now directly owns 47,828 shares of the company’s stock, valued at approximately $2,401,922.16. The disclosure for this sale can be found here. Company insiders own 9.50% of the company’s stock.
About Clean Harbors
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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