Ngam Advisors L.P. cut its position in shares of Clean Harbors Inc. (NYSE:CLH) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 243,274 shares of the company’s stock after selling 1,605 shares during the period. Ngam Advisors L.P. owned 0.42% of Clean Harbors worth $11,672,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of Montreal Can bought a new position in Clean Harbors during the second quarter worth about $111,000. Tower Research Capital LLC TRC raised its position in Clean Harbors by 292.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,243 shares of the company’s stock worth $117,000 after buying an additional 1,671 shares during the period. Advisor Group Inc. bought a new position in Clean Harbors during the second quarter worth about $121,000. Point72 Asia Hong Kong Ltd bought a new position in Clean Harbors during the second quarter worth about $166,000. Finally, LS Investment Advisors LLC raised its position in Clean Harbors by 73.3% in the second quarter. LS Investment Advisors LLC now owns 3,217 shares of the company’s stock worth $168,000 after buying an additional 1,361 shares during the period. Hedge funds and other institutional investors own 95.80% of the company’s stock.
Shares of Clean Harbors Inc. (NYSE:CLH) opened at 51.17 on Friday. Clean Harbors Inc. has a 52-week low of $37.09 and a 52-week high of $54.54. The firm’s market cap is $2.94 billion. The stock’s 50 day moving average price is $47.17 and its 200-day moving average price is $49.29.
Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by $0.17. The firm had revenue of $729.50 million for the quarter, compared to analyst estimates of $735.91 million. Clean Harbors had a positive return on equity of 0.75% and a negative net margin of 0.96%. The company’s quarterly revenue was down 18.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. On average, equities research analysts anticipate that Clean Harbors Inc. will post $0.14 earnings per share for the current fiscal year.
CLH has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $58.00 target price (down from $59.00) on shares of Clean Harbors in a report on Wednesday, October 12th. Zacks Investment Research upgraded Clean Harbors from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Thursday, July 28th. Stifel Nicolaus lifted their target price on Clean Harbors from $50.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 14th. Barclays PLC lowered Clean Harbors from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $57.00 to $49.00 in a report on Monday, November 7th. Finally, Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Clean Harbors in a report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Clean Harbors presently has a consensus rating of “Hold” and a consensus target price of $53.71.
In other news, CFO Michael Louis Battles acquired 1,000 shares of the company’s stock in a transaction dated Friday, November 4th. The stock was acquired at an average cost of $44.15 per share, for a total transaction of $44,150.00. Following the acquisition, the chief financial officer now directly owns 36,173 shares in the company, valued at approximately $1,597,037.95. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David M. Parry sold 4,060 shares of the company’s stock in a transaction on Wednesday, August 31st. The stock was sold at an average price of $47.37, for a total value of $192,322.20. Following the sale, the insider now owns 45,340 shares of the company’s stock, valued at $2,147,755.80. The disclosure for this sale can be found here. Insiders own 9.50% of the company’s stock.
Clean Harbors Company Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services. The Company operates in six segments: Technical Services; Industrial and Field Services; Kleen Performance Products; SK Environmental Services; Lodging Services, and Oil and Gas Field Services. Its Technical Services segment involves the collection, transportation, treatment and disposal of hazardous and non-hazardous wastes.
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