JPMorgan Chase & Co. trimmed its holdings in shares of Clean Harbors Inc (NYSE:CLH) by 5.6% during the 3rd quarter, Holdings Channel reports. The firm owned 91,327 shares of the business services provider’s stock after selling 5,418 shares during the quarter. JPMorgan Chase & Co.’s holdings in Clean Harbors were worth $6,538,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Clean Harbors by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,989,511 shares of the business services provider’s stock valued at $110,515,000 after buying an additional 51,695 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Clean Harbors by 7.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,321,102 shares of the business services provider’s stock valued at $73,387,000 after buying an additional 88,400 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Clean Harbors by 27.1% during the 2nd quarter. Janus Henderson Group PLC now owns 853,824 shares of the business services provider’s stock valued at $47,430,000 after buying an additional 182,311 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Clean Harbors by 5.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 653,225 shares of the business services provider’s stock valued at $36,287,000 after buying an additional 35,421 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of Clean Harbors during the 3rd quarter valued at $45,622,000. Institutional investors and hedge funds own 92.34% of the company’s stock.
In related news, insider Alan S. Mckim sold 50,000 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $64.17, for a total value of $3,208,500.00. Following the transaction, the insider now directly owns 3,859,062 shares of the company’s stock, valued at approximately $247,636,008.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 1,304 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $69.83, for a total value of $91,058.32. Following the completion of the transaction, the executive vice president now directly owns 63,573 shares in the company, valued at $4,439,302.59. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,804 shares of company stock worth $3,532,423. 8.70% of the stock is owned by insiders.
CLH has been the topic of several research analyst reports. Oppenheimer reissued a “hold” rating on shares of Clean Harbors in a report on Wednesday, October 31st. UBS Group set a $56.00 price target on Clean Harbors and gave the company a “sell” rating in a report on Thursday, November 1st. Needham & Company LLC increased their price target on Clean Harbors from $74.00 to $80.00 and gave the company a “buy” rating in a report on Monday, October 1st. Stifel Nicolaus reissued a “buy” rating and set a $80.00 price target (up from $70.00) on shares of Clean Harbors in a report on Tuesday, September 25th. Finally, BMO Capital Markets lowered their price target on Clean Harbors from $78.00 to $76.00 and set an “outperform” rating on the stock in a report on Thursday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $66.75.
Shares of Clean Harbors stock opened at $55.53 on Friday. Clean Harbors Inc has a one year low of $44.74 and a one year high of $72.50. The firm has a market capitalization of $3.11 billion, a P/E ratio of 54.44 and a beta of 1.07. 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 (NYSE:CLH) last announced its earnings results on Wednesday, October 31st. The business services provider reported $0.59 EPS for the quarter, topping the Zacks’ 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 company had revenue of $843.18 million for the quarter, compared to analysts’ expectations of $846.07 million. During the same period last year, the firm earned $0.21 EPS. Clean Harbors’s revenue for the quarter was up 11.6% compared to the same quarter last year. As a group, analysts forecast that Clean Harbors Inc will post 1.17 earnings per share for the current year.
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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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