Mutual of America Capital Management LLC Has $2.39 Million Holdings in Clean Harbors, Inc. (CLH)
Mutual of America Capital Management LLC raised its holdings in Clean Harbors, Inc. (NYSE:CLH) by 3.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 42,730 shares of the business services provider’s stock after acquiring an additional 1,247 shares during the period. Mutual of America Capital Management LLC owned 0.07% of Clean Harbors worth $2,386,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC lifted its stake in shares of Clean Harbors by 117.6% during the 2nd quarter. SG Americas Securities LLC now owns 21,152 shares of the business services provider’s stock worth $1,181,000 after purchasing an additional 11,431 shares during the period. Rhumbline Advisers boosted its holdings in shares of Clean Harbors by 4.4% during the second quarter. Rhumbline Advisers now owns 100,156 shares of the business services provider’s stock worth $5,592,000 after purchasing an additional 4,215 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Clean Harbors by 19.2% during the first quarter. Renaissance Technologies LLC now owns 1,091,002 shares of the business services provider’s stock worth $60,682,000 after purchasing an additional 175,602 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of Clean Harbors by 6.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 164,993 shares of the business services provider’s stock worth $9,211,000 after purchasing an additional 9,490 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in shares of Clean Harbors by 3.4% during the first quarter. American International Group Inc. now owns 104,193 shares of the business services provider’s stock worth $5,795,000 after purchasing an additional 3,419 shares during the last quarter. Institutional investors own 94.18% of the company’s stock.
Shares of Clean Harbors, Inc. (NYSE:CLH) opened at 56.70 on Monday. The firm’s 50-day moving average price is $53.26 and its 200 day moving average price is $55.94. Clean Harbors, Inc. has a 52 week low of $43.03 and a 52 week high of $61.62. The firm’s market capitalization is $3.24 billion.
Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $735.63 million. During the same quarter in the previous year, the company earned $0.15 EPS. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Clean Harbors, Inc. will post $0.67 EPS for the current year.
In other news, COO Eric W. Gerstenberg sold 4,667 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $50.42, for a total value of $235,310.14. Following the transaction, the chief operating officer now directly owns 91,950 shares of the company’s stock, valued at $4,636,119. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Eric J. Dugas sold 933 shares of the company’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $54.67, for a total transaction of $51,007.11. Following the completion of the transaction, the senior vice president now directly owns 14,766 shares in the company, valued at $807,257.22. The disclosure for this sale can be found here. Insiders have sold a total of 6,090 shares of company stock valued at $313,845 in the last three months. Company insiders own 8.90% of the company’s stock.
A number of equities research analysts have recently commented on the company. BidaskClub downgraded Clean Harbors from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. BMO Capital Markets started coverage on Clean Harbors in a research report on Thursday, June 29th. They set an “outperform” rating and a $65.00 target price on the stock. Needham & Company LLC reiterated a “buy” rating and set a $66.00 target price on shares of Clean Harbors in a research report on Thursday, July 13th. Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price target on shares of Clean Harbors in a research note on Wednesday, July 19th. Finally, Barclays PLC raised Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 price target on the stock in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $62.30.
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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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