Parametric Portfolio Associates LLC trimmed its position in Clean Harbors Inc (NYSE:CLH) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 203,190 shares of the business services provider’s stock after selling 2,553 shares during the period. Parametric Portfolio Associates LLC’s holdings in Clean Harbors were worth $15,686,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Clean Harbors by 0.9% during the second quarter. BlackRock Inc. now owns 4,587,760 shares of the business services provider’s stock worth $326,188,000 after buying an additional 41,323 shares in the last quarter. TimesSquare Capital Management LLC raised its position in shares of Clean Harbors by 5.0% in the second quarter. TimesSquare Capital Management LLC now owns 1,780,082 shares of the business services provider’s stock valued at $126,564,000 after buying an additional 84,000 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Clean Harbors by 1.1% in the second quarter. Renaissance Technologies LLC now owns 1,649,902 shares of the business services provider’s stock valued at $117,308,000 after buying an additional 18,300 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Clean Harbors by 23.8% during the second quarter. AQR Capital Management LLC now owns 1,182,418 shares of the business services provider’s stock valued at $84,070,000 after buying an additional 227,507 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Clean Harbors by 415.5% during the second quarter. Invesco Ltd. now owns 1,143,316 shares of the business services provider’s stock valued at $81,289,000 after buying an additional 921,510 shares during the period. Institutional investors own 90.15% of the company’s stock.
A number of brokerages recently issued reports on CLH. Jefferies Financial Group initiated coverage on shares of Clean Harbors in a research report on Wednesday, November 27th. They set an “underperform” rating and a $75.00 target price on the stock. ValuEngine downgraded Clean Harbors from a “buy” rating to a “hold” rating in a report on Friday, October 11th. Robert W. Baird increased their price target on Clean Harbors from $95.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Needham & Company LLC began coverage on Clean Harbors in a report on Friday, August 23rd. They set a “buy” rating and a $86.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $84.00.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. Clean Harbors had a net margin of 2.65% and a return on equity of 8.01%. The business had revenue of $891.70 million for the quarter, compared to analyst estimates of $875.51 million. During the same period in the prior year, the firm posted $0.59 EPS. The company’s revenue was up 5.8% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors Inc will post 1.9 earnings per share for the current year.
In other Clean Harbors news, EVP Brian P. Weber sold 1,175 shares of Clean Harbors stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $84.64, for a total value of $99,452.00. Following the transaction, the executive vice president now owns 58,820 shares in the company, valued at approximately $4,978,524.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Alan S. Mckim sold 20,000 shares of Clean Harbors stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $82.75, for a total transaction of $1,655,000.00. Following the completion of the transaction, the chief executive officer now owns 3,647,181 shares in the company, valued at approximately $301,804,227.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,759 shares of company stock valued at $3,226,136. 8.10% of the stock is owned by insiders.
Clean Harbors Profile
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.
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