Northern Trust Corp Acquires 976 Shares of Clean Harbors Inc (CLH)

Northern Trust Corp grew its holdings in Clean Harbors Inc (NYSE:CLH) by 0.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 410,633 shares of the business services provider’s stock after acquiring an additional 976 shares during the period. Northern Trust Corp owned 0.73% of Clean Harbors worth $20,044,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CLH. TimesSquare Capital Management LLC grew its position in Clean Harbors by 87.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,790,535 shares of the business services provider’s stock worth $97,047,000 after acquiring an additional 836,475 shares in the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Clean Harbors in the first quarter worth $15,131,000. Renaissance Technologies LLC lifted its stake in shares of Clean Harbors by 22.2% in the fourth quarter. Renaissance Technologies LLC now owns 1,197,102 shares of the business services provider’s stock worth $64,883,000 after buying an additional 217,102 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in shares of Clean Harbors by 8.1% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,825,653 shares of the business services provider’s stock worth $153,150,000 after buying an additional 212,118 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in shares of Clean Harbors by 1,451.7% in the fourth quarter. Deutsche Bank AG now owns 223,870 shares of the business services provider’s stock worth $12,130,000 after buying an additional 209,443 shares during the last quarter. 94.20% of the stock is owned by institutional investors.

CLH has been the subject of a number of analyst reports. ValuEngine cut shares of Clean Harbors from a “hold” rating to a “sell” rating in a research note on Tuesday, February 27th. UBS Group cut shares of Clean Harbors from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 1st. Needham & Company LLC restated a “buy” rating and issued a $63.00 price objective (down from $66.00) on shares of Clean Harbors in a research note on Thursday, March 1st. Stifel Nicolaus restated a “buy” rating and issued a $65.00 price objective (down from $70.00) on shares of Clean Harbors in a research note on Thursday, March 1st. Finally, Oppenheimer cut shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $62.00 price objective for the company. in a research note on Thursday, March 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $57.89.

In related news, EVP Mark G. Bouldin sold 2,519 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $51.40, for a total transaction of $129,476.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Eric W. Gerstenberg sold 8,000 shares of the company’s stock in a transaction on Monday, June 25th. The shares were sold at an average price of $55.19, for a total transaction of $441,520.00. Following the transaction, the chief operating officer now owns 59,486 shares of the company’s stock, valued at $3,283,032.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,852 shares of company stock valued at $5,852,538. Corporate insiders own 8.70% of the company’s stock.

Clean Harbors opened at $54.76 on Wednesday, Marketbeat Ratings reports. The firm has a market cap of $3.09 billion, a P/E ratio of 161.56 and a beta of 1.07. Clean Harbors Inc has a one year low of $44.74 and a one year high of $58.28. The company has a quick ratio of 1.71, a current ratio of 2.06 and a debt-to-equity ratio of 1.42.

Clean Harbors (NYSE:CLH) last released its earnings results 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 analysts’ expectations of $732.88 million. Clean Harbors had a net margin of 3.64% and a return on equity of 1.72%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) EPS. analysts forecast that Clean Harbors Inc will post 0.69 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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