Oakbrook Investments LLC bought a new stake in Clean Harbors Inc (NYSE:CLH) during the first quarter, HoldingsChannel reports. The fund bought 4,400 shares of the business services provider’s stock, valued at approximately $315,000.
Other hedge funds have also recently modified their holdings of the company. Macquarie Group Ltd. bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $30,000. Quantamental Technologies LLC bought a new position in Clean Harbors in the 4th quarter valued at about $34,000. Enlightenment Research LLC bought a new position in Clean Harbors in the 4th quarter valued at about $35,000. Belpointe Asset Management LLC bought a new position in Clean Harbors in the 3rd quarter valued at about $128,000. Finally, Flagship Harbor Advisors LLC raised its holdings in Clean Harbors by 1,357.9% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,041 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 1,901 shares during the period. 93.00% of the stock is currently owned by institutional investors.
In other Clean Harbors news, Director Andrea Robertson sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $66.75, for a total value of $66,750.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Rod Marlin sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $68.50, for a total transaction of $685,000.00. Following the completion of the sale, the director now owns 39,234 shares in the company, valued at approximately $2,687,529. The disclosure for this sale can be found here. Insiders have sold a total of 16,777 shares of company stock worth $1,156,877 in the last quarter. 8.70% of the stock is currently owned by company insiders.
Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 27th. The business services provider reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.09. The business had revenue of $858.20 million for the quarter, compared to analyst estimates of $824.69 million. Clean Harbors had a net margin of 1.99% and a return on equity of 6.06%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) EPS. Equities analysts expect that Clean Harbors Inc will post 1.67 EPS for the current year.
Several research firms have weighed in on CLH. TheStreet raised shares of Clean Harbors from a “c+” rating to a “b-” rating in a report on Tuesday, March 12th. UBS Group upgraded shares of Clean Harbors from a “sell” rating to a “neutral” rating in a research report on Thursday, January 10th. Zacks Investment Research lowered shares of Clean Harbors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, BMO Capital Markets increased their target price 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Clean Harbors presently has a consensus rating of “Buy” and a consensus target price of $69.71.
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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