Stone Ridge Asset Management LLC increased its holdings in shares of Clean Harbors Inc (NYSE:CLH) by 57.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,581 shares of the business services provider’s stock after buying an additional 6,063 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Clean Harbors were worth $818,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. increased its holdings in Clean Harbors by 18.2% during the 3rd quarter. BlackRock Inc. now owns 5,071,096 shares of the business services provider’s stock worth $362,991,000 after purchasing an additional 782,473 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Clean Harbors by 2.6% in the 3rd quarter. Vanguard Group Inc. now owns 4,495,357 shares of the business services provider’s stock valued at $321,778,000 after acquiring an additional 113,188 shares in the last quarter. Vanguard Group Inc grew its holdings in shares of Clean Harbors by 2.6% in the 3rd quarter. Vanguard Group Inc now owns 4,495,357 shares of the business services provider’s stock valued at $321,778,000 after acquiring an additional 113,188 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Clean Harbors by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,016,240 shares of the business services provider’s stock valued at $144,321,000 after acquiring an additional 26,729 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Clean Harbors by 5.1% in the 3rd quarter. Renaissance Technologies LLC now owns 1,388,902 shares of the business services provider’s stock valued at $99,418,000 after acquiring an additional 67,800 shares in the last quarter. 93.07% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on CLH. UBS Group lifted their price target on Clean Harbors from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Zacks Investment Research cut Clean Harbors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 2nd. TheStreet upgraded Clean Harbors from a “c+” rating to a “b-” rating in a report on Tuesday, March 12th. Finally, BMO Capital Markets raised their price objective on shares of Clean Harbors from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, February 28th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Clean Harbors currently has a consensus rating of “Buy” and a consensus target price of $69.71.
Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 27th. The business services provider reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.09. Clean Harbors had a net margin of 1.99% and a return on equity of 6.06%. The company had revenue of $858.20 million during the quarter, compared to the consensus estimate of $824.69 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities research analysts forecast that Clean Harbors Inc will post 1.67 earnings per share for the current year.
In related news, CFO Michael Louis Battles sold 4,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $69.74, for a total value of $278,960.00. Following the sale, the chief financial officer now owns 47,007 shares of the company’s stock, valued at $3,278,268.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Andrea Robertson sold 1,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $66.75, for a total transaction of $66,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,777 shares of company stock valued at $1,156,877. Company insiders own 8.70% of the company’s stock.
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Clean Harbors Company 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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