World Asset Management Inc bought a new position in Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,596 shares of the business services provider’s stock, valued at approximately $201,000.

A number of other institutional investors also recently made changes to their positions in CLH. Wellington Management Group LLP boosted its position in shares of Clean Harbors by 18.3% in the first quarter. Wellington Management Group LLP now owns 7,263,071 shares of the business services provider’s stock worth $403,972,000 after buying an additional 1,122,646 shares in the last quarter. BlackRock Inc. boosted its position in shares of Clean Harbors by 11,874.0% in the first quarter. BlackRock Inc. now owns 4,345,138 shares of the business services provider’s stock worth $241,676,000 after buying an additional 4,308,850 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Clean Harbors by 4.4% in the first quarter. Vanguard Group Inc. now owns 4,048,109 shares of the business services provider’s stock worth $225,156,000 after buying an additional 170,691 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Clean Harbors by 3.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,879,515 shares of the business services provider’s stock worth $104,537,000 after buying an additional 60,435 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in shares of Clean Harbors by 18.8% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,758,591 shares of the business services provider’s stock worth $97,813,000 after buying an additional 278,817 shares in the last quarter. 95.08% of the stock is currently owned by institutional investors.

Shares of Clean Harbors, Inc. (NYSE:CLH) opened at 50.25 on Monday. The company’s market capitalization is $2.87 billion. Clean Harbors, Inc. has a 12-month low of $43.03 and a 12-month high of $61.62. The firm’s 50-day moving average price is $54.85 and its 200-day moving average price is $56.31.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by $0.03. Clean Harbors had a positive return on equity of 0.79% and a negative net margin of 0.65%. The company had revenue of $752.80 million for the quarter, compared to analyst estimates of $735.63 million. During the same quarter last year, the company earned $0.15 EPS. The firm’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts expect that Clean Harbors, Inc. will post $0.67 EPS for the current fiscal year.

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A number of equities analysts recently commented on CLH shares. BMO Capital Markets started coverage on Clean Harbors in a report on Thursday, June 29th. They issued an “outperform” rating and a $65.00 target price on the stock. ValuEngine raised Clean Harbors from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub cut Clean Harbors from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Zacks Investment Research raised Clean Harbors from a “strong sell” rating to a “buy” rating and set a $65.00 target price on the stock in a report on Tuesday, May 2nd. Finally, Needham & Company LLC reissued a “buy” rating and set a $66.00 price target on shares of Clean Harbors in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company’s stock. Clean Harbors presently has an average rating of “Hold” and an average target price of $61.27.

In related news, EVP Brian P. Weber sold 1,945 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were sold at an average price of $54.06, for a total transaction of $105,146.70. Following the completion of the transaction, the executive vice president now owns 51,656 shares in the company, valued at approximately $2,792,523.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael J. Twohig sold 4,071 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $59.25, for a total transaction of $241,206.75. Following the transaction, the executive vice president now owns 30,854 shares of the company’s stock, valued at approximately $1,828,099.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,418 shares of company stock valued at $605,895. Insiders own 9.50% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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