Dimensional Fund Advisors LP Has $105.38 Million Position in Clean Harbors, Inc. (CLH)
Dimensional Fund Advisors LP boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,887,610 shares of the business services provider’s stock after purchasing an additional 8,095 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.30% of Clean Harbors worth $105,383,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of CLH. Teacher Retirement System of Texas grew its holdings in Clean Harbors by 1.4% in the second quarter. Teacher Retirement System of Texas now owns 4,355 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 60 shares during the period. Northwestern Mutual Investment Management Company LLC increased its position in shares of Clean Harbors by 0.7% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,043 shares of the business services provider’s stock valued at $471,000 after buying an additional 61 shares in the last quarter. Amalgamated Bank increased its position in shares of Clean Harbors by 1.0% in the first quarter. Amalgamated Bank now owns 8,298 shares of the business services provider’s stock valued at $462,000 after buying an additional 83 shares in the last quarter. Utah Retirement Systems increased its position in shares of Clean Harbors by 1.1% in the first quarter. Utah Retirement Systems now owns 9,600 shares of the business services provider’s stock valued at $534,000 after buying an additional 100 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Clean Harbors by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 41,604 shares of the business services provider’s stock valued at $2,315,000 after buying an additional 119 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.
CLH has been the topic of a number of recent analyst reports. Barclays PLC upgraded Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 target price on the stock in a research report on Monday, August 7th. Canaccord Genuity reissued a “hold” rating and issued a $57.00 price target on shares of Clean Harbors in a report on Wednesday, August 9th. BMO Capital Markets started coverage on shares of Clean Harbors in a report on Thursday, June 29th. They issued an “outperform” rating and a $65.00 price target for the company. BidaskClub cut shares of Clean Harbors from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $67.00 price objective on shares of Clean Harbors in a research report on Wednesday, July 19th. One equities research 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 a consensus rating of “Hold” and a consensus target price of $62.30.
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Shares of Clean Harbors, Inc. (CLH) opened at 57.58 on Tuesday. Clean Harbors, Inc. has a 12 month low of $43.03 and a 12 month high of $61.62. The stock has a 50 day moving average of $53.74 and a 200-day moving average of $55.92. The firm’s market capitalization is $3.29 billion.
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 analysts’ expectations of $735.63 million. During the same period in the previous year, the business posted $0.15 EPS. The business’s quarterly revenue was up 7.9% on a year-over-year basis. On average, equities research analysts anticipate that Clean Harbors, Inc. will post $0.67 EPS for the current fiscal year.
In related news, SVP Eric J. Dugas sold 933 shares of Clean Harbors stock in a transaction dated 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 sale, the senior vice president now owns 14,766 shares in the company, valued at approximately $807,257.22. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian P. Weber sold 490 shares of Clean Harbors stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $56.18, for a total value of $27,528.20. Following the sale, the executive vice president now owns 59,413 shares of the company’s stock, valued at approximately $3,337,822.34. The disclosure for this sale can be found here. Insiders sold 6,090 shares of company stock worth $313,845 over the last 90 days. Company insiders own 8.90% of the company’s stock.
Clean Harbors 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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