First Trust Advisors LP decreased its position in Clean Harbors Inc (NYSE:CLH) by 6.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 358,865 shares of the business services provider’s stock after selling 23,442 shares during the period. First Trust Advisors LP’s holdings in Clean Harbors were worth $25,688,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CLH. Brown Advisory Inc. acquired a new stake in Clean Harbors in the first quarter valued at $225,000. Oakbrook Investments LLC acquired a new stake in Clean Harbors in the second quarter valued at $239,000. IFP Advisors Inc grew its holdings in Clean Harbors by 131.9% in the third quarter. IFP Advisors Inc now owns 3,954 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 2,249 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Clean Harbors in the second quarter valued at $322,000. Finally, Sawtooth Solutions LLC acquired a new stake in Clean Harbors in the second quarter valued at $350,000. 93.84% of the stock is currently owned by institutional investors.
In related news, EVP Grace Cowan sold 424 shares of the stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $70.62, for a total transaction of $29,942.88. Following the transaction, the executive vice president now directly owns 22,914 shares in the company, valued at $1,618,186.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrea Robertson sold 1,500 shares of the stock in a transaction dated Thursday, November 1st. The stock was sold at an average price of $68.31, for a total value of $102,465.00. Following the transaction, the director now owns 14,929 shares in the company, valued at $1,019,799.99. The disclosure for this sale can be found here. Insiders sold 17,933 shares of company stock worth $1,219,093 over the last 90 days. Company insiders own 8.70% of the company’s stock.
Several research firms have weighed in on CLH. BMO Capital Markets lowered their target price on Clean Harbors from $78.00 to $76.00 and set an “outperform” rating on the stock in a report on Thursday. UBS Group set a $56.00 price objective on Clean Harbors and gave the company a “sell” rating in a research report on Thursday. Oppenheimer restated a “hold” rating on shares of Clean Harbors in a research report on Wednesday, October 31st. Needham & Company LLC upped their price objective on Clean Harbors from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, October 1st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $80.00 price objective (up from $70.00) on shares of Clean Harbors in a research report on Tuesday, September 25th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $66.75.
Shares of NYSE:CLH opened at $64.75 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.70 and a debt-to-equity ratio of 1.35. Clean Harbors Inc has a 52-week low of $44.74 and a 52-week high of $72.50. The firm has a market capitalization of $3.63 billion, a PE ratio of 63.48 and a beta of 1.01.
Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.16. Clean Harbors had a return on equity of 4.93% and a net margin of 4.18%. The business had revenue of $843.18 million for the quarter, compared to the consensus estimate of $846.07 million. During the same period in the prior year, the business earned $0.21 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. On average, equities analysts anticipate that Clean Harbors Inc will post 1.13 EPS 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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