Arizona State Retirement System Acquires 200 Shares of Clean Harbors, Inc. (CLH)
Arizona State Retirement System raised its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,900 shares of the business services provider’s stock after buying an additional 200 shares during the period. Arizona State Retirement System’s holdings in Clean Harbors were worth $1,223,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in the stock. Neuburgh Advisers LLC raised its stake in shares of Clean Harbors by 7.1% in the first quarter. Neuburgh Advisers LLC now owns 1,980 shares of the business services provider’s stock worth $110,000 after buying an additional 132 shares during the period. Tyers Asset Management LLC raised its stake in shares of Clean Harbors by 7.1% in the first quarter. Tyers Asset Management LLC now owns 2,520 shares of the business services provider’s stock worth $140,000 after buying an additional 168 shares during the period. Flinton Capital Management LLC raised its stake in Clean Harbors by 7.1% in the first quarter. Flinton Capital Management LLC now owns 3,060 shares of the business services provider’s stock valued at $170,000 after buying an additional 204 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in Clean Harbors by 15.7% in the first quarter. Asset Management One Co. Ltd. now owns 3,530 shares of the business services provider’s stock valued at $196,000 after buying an additional 480 shares during the last quarter. Finally, World Asset Management Inc purchased a new stake in Clean Harbors during the second quarter valued at about $201,000. Institutional investors and hedge funds own 94.06% of the company’s stock.
Clean Harbors, Inc. (NYSE CLH) opened at 51.39 on Monday. Clean Harbors, Inc. has a one year low of $43.03 and a one year high of $61.62. The company has a 50 day moving average of $54.18 and a 200-day moving average of $56.15. The stock’s market capitalization is $2.94 billion.
Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.03. Clean Harbors had a negative net margin of 0.65% and a positive return on equity of 0.79%. The business had revenue of $752.80 million during the quarter, compared to analysts’ expectations of $735.63 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. Equities research analysts predict that Clean Harbors, Inc. will post $0.67 earnings per share for the current fiscal year.
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CLH has been the subject of several recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 target price on shares of Clean Harbors in a research note on Wednesday, July 19th. Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of Clean Harbors in a research note on Thursday, July 13th. Zacks Investment Research upgraded shares of Clean Harbors from a “strong sell” rating to a “buy” rating and set a $65.00 target price for the company in a research note on Tuesday, May 2nd. Barclays PLC upgraded shares of Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 target price for the company in a research note on Monday, August 7th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $57.00 target price on shares of Clean Harbors in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $62.30.
In other Clean Harbors news, insider David M. Parry sold 4,402 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $58.96, for a total value of $259,541.92. Following the completion of the sale, the insider now directly owns 39,955 shares in the company, valued at $2,355,746.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael J. Twohig sold 4,071 shares of the stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $59.25, for a total value of $241,206.75. Following the completion of the sale, the executive vice president now owns 30,854 shares of the company’s stock, valued at $1,828,099.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,085 shares of company stock valued at $841,206. 9.50% of the stock is currently owned by company insiders.
Clean Harbors Company Profile
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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