Schwab Charles Investment Management Inc. boosted its holdings in shares of Clean Harbors Inc (NYSE:CLH) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 326,573 shares of the business services provider’s stock after acquiring an additional 27,106 shares during the period. Schwab Charles Investment Management Inc. owned 0.57% of Clean Harbors worth $18,517,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently modified their holdings of CLH. Janus Henderson Group PLC bought a new stake in Clean Harbors during the second quarter valued at approximately $57,925,000. Mitsubishi UFJ Trust & Banking Corp purchased a new position in Clean Harbors during the third quarter valued at approximately $23,785,000. Goldman Sachs Group Inc. lifted its holdings in Clean Harbors by 39.0% during the second quarter. Goldman Sachs Group Inc. now owns 478,318 shares of the business services provider’s stock valued at $26,705,000 after purchasing an additional 134,263 shares in the last quarter. WINTON GROUP Ltd purchased a new position in Clean Harbors during the third quarter valued at approximately $4,177,000. Finally, Vanguard Group Inc. lifted its holdings in Clean Harbors by 1.7% during the second quarter. Vanguard Group Inc. now owns 4,116,699 shares of the business services provider’s stock valued at $229,836,000 after purchasing an additional 68,590 shares in the last quarter. 92.54% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently commented on CLH. Zacks Investment Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $66.00 price target on shares of Clean Harbors in a research note on Friday, November 3rd. Oppenheimer decreased their price target on shares of Clean Harbors from $67.00 to $62.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. BMO Capital Markets decreased 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. Finally, Raymond James Financial upgraded shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Clean Harbors currently has a consensus rating of “Hold” and a consensus price target of $61.00.
In related news, COO Eric W. Gerstenberg sold 7,150 shares of the stock in a transaction that occurred 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 approximately $4,548,879.54. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider David J. Vergo sold 1,097 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $54.00, for a total transaction of $59,238.00. Following the completion of the transaction, the insider now owns 24,156 shares in the company, valued at approximately $1,304,424. The disclosure for this sale can be found here. Insiders sold a total of 11,581 shares of company stock valued at $613,418 over the last ninety days. 8.90% of the stock is currently owned by insiders.
Clean Harbors Inc (NYSE CLH) traded up $0.66 during mid-day trading on Thursday, hitting $55.33. 353,138 shares of the company’s stock traded hands, compared to its average volume of 299,380. The stock has a market capitalization of $3,150.00, a price-to-earnings ratio of 790.43 and a beta of 1.02. Clean Harbors Inc has a 1-year low of $49.63 and a 1-year high of $61.62. The company has a current ratio of 2.19, a quick ratio of 1.86 and a debt-to-equity ratio of 1.44.
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Clean Harbors 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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