Wells Fargo & Company MN boosted its stake in Clean Harbors (NYSE:CLH) by 68.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,152 shares of the business services provider’s stock after purchasing an additional 22,482 shares during the period. Wells Fargo & Company MN owned about 0.10% of Clean Harbors worth $2,989,000 at the end of the most recent reporting period.
A number of other institutional investors also recently made changes to their positions in the business. M&T Bank Corp increased its stake in Clean Harbors by 3.8% in the 4th quarter. M&T Bank Corp now owns 27,602 shares of the business services provider’s stock worth $1,495,000 after purchasing an additional 1,012 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in 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 period. Asset Management One Co. Ltd. increased its stake in shares of Clean Harbors by 36.8% during the third quarter. Asset Management One Co. Ltd. now owns 4,980 shares of the business services provider’s stock valued at $282,000 after buying an additional 1,340 shares during the period. ING Groep NV increased its stake in shares of Clean Harbors by 22.7% during the fourth quarter. ING Groep NV now owns 7,818 shares of the business services provider’s stock valued at $424,000 after buying an additional 1,448 shares during the period. Finally, Atria Investments LLC increased its stake in shares of Clean Harbors by 32.5% during the fourth quarter. Atria Investments LLC now owns 5,990 shares of the business services provider’s stock valued at $325,000 after buying an additional 1,470 shares during the period. 93.64% of the stock is currently owned by institutional investors and hedge funds.
NYSE CLH opened at $48.32 on Tuesday. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.94 and a current ratio of 2.29. Clean Harbors has a twelve month low of $46.62 and a twelve month high of $61.62. The company has a market cap of $2,733.80, a P/E ratio of 179.18 and a beta of 1.01.
Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 28th. The business services provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $747.40 million for the quarter, compared to the consensus estimate of $720.50 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. research analysts predict that Clean Harbors will post 0.71 EPS for the current fiscal year.
In related news, EVP Mark G. Bouldin sold 703 shares of Clean Harbors stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $47.62, for a total transaction of $33,476.86. Following the sale, the executive vice president now directly owns 17,744 shares in the company, valued at $844,969.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Preston sold 5,000 shares of Clean Harbors stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $50.93, for a total value of $254,650.00. Following the sale, the director now owns 9,427 shares in the company, valued at $480,117.11. The disclosure for this sale can be found here. Insiders have sold 48,369 shares of company stock worth $2,483,293 over the last 90 days. 8.90% of the stock is currently owned by corporate insiders.
CLH has been the topic of several research analyst reports. ValuEngine cut Clean Harbors from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. Zacks Investment Research cut Clean Harbors from a “hold” rating to a “sell” rating in a research note on Monday, March 5th. UBS cut Clean Harbors from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 1st. Needham & Company LLC reissued a “buy” rating and set a $63.00 target price (down from $66.00) on shares of Clean Harbors in a research note on Thursday, March 1st. Finally, Canaccord Genuity reduced their target price on Clean Harbors from $57.00 to $54.00 and set a “hold” rating on the stock in a research note on Thursday, March 1st. Four research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $58.80.
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Clean Harbors Profile
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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