United Services Automobile Association boosted its position in shares of Clean Harbors Inc (NYSE:CLH) by 27.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,018 shares of the business services provider’s stock after purchasing an additional 2,188 shares during the period. United Services Automobile Association’s holdings in Clean Harbors were worth $494,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Federated Investors Inc. PA grew its holdings in shares of Clean Harbors by 3,781.4% in the 3rd quarter. Federated Investors Inc. PA now owns 837,302 shares of the business services provider’s stock valued at $59,934,000 after acquiring an additional 815,730 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Clean Harbors by 18.2% in the 3rd quarter. BlackRock Inc. now owns 5,071,096 shares of the business services provider’s stock valued at $362,991,000 after acquiring an additional 782,473 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Clean Harbors by 69.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,079,780 shares of the business services provider’s stock valued at $53,288,000 after acquiring an additional 442,425 shares in the last quarter. WINTON GROUP Ltd grew its holdings in shares of Clean Harbors by 1,716.6% in the 4th quarter. WINTON GROUP Ltd now owns 277,307 shares of the business services provider’s stock valued at $13,685,000 after acquiring an additional 262,042 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Clean Harbors by 150.4% in the 4th quarter. Canada Pension Plan Investment Board now owns 328,500 shares of the business services provider’s stock valued at $16,210,000 after acquiring an additional 197,300 shares in the last quarter. Hedge funds and other institutional investors own 93.00% of the company’s stock.
Several equities analysts have recently weighed in on CLH shares. UBS Group upgraded Clean Harbors from a “sell” rating to a “neutral” rating in a report on Thursday, January 10th. TheStreet cut Clean Harbors from a “b-” rating to a “c+” rating in a report on Thursday, December 27th. BMO Capital Markets lifted their price target on Clean Harbors from $60.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, February 28th. Finally, Zacks Investment Research cut Clean Harbors from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Clean Harbors has an average rating of “Buy” and an average price target of $69.71.
CLH stock traded up $0.18 during mid-day trading on Wednesday, hitting $74.50. 1,318,700 shares of the company were exchanged, compared to its average volume of 482,571. The company has a quick ratio of 1.66, a current ratio of 2.00 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $4.15 billion, a PE ratio of 59.13 and a beta of 1.55. Clean Harbors Inc has a 1-year low of $44.74 and a 1-year high of $75.01.
Clean Harbors (NYSE:CLH) last issued its quarterly earnings data 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. Clean Harbors had a net margin of 1.99% and a return on equity of 6.06%. The firm had revenue of $858.20 million during the quarter, compared to the consensus estimate of $824.69 million. During the same period last year, the business posted ($0.06) earnings per share. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, research analysts expect that Clean Harbors Inc will post 1.67 EPS for the current year.
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About Clean Harbors
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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