Arizona State Retirement System Raises Position in Clean Harbors Inc (CLH)
Arizona State Retirement System increased its position in shares of Clean Harbors Inc (NYSE:CLH) by 26.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,290 shares of the business services provider’s stock after acquiring an additional 7,821 shares during the period. Arizona State Retirement System’s holdings in Clean Harbors were worth $2,021,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of CLH. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Clean Harbors during the 3rd quarter worth $23,785,000. Sei Investments Co. grew its position in Clean Harbors by 56.6% during the 4th quarter. Sei Investments Co. now owns 312,198 shares of the business services provider’s stock worth $16,921,000 after acquiring an additional 112,782 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Clean Harbors during the 3rd quarter worth $4,177,000. Neuberger Berman Group LLC grew its position in Clean Harbors by 9.1% during the 3rd quarter. Neuberger Berman Group LLC now owns 645,085 shares of the business services provider’s stock worth $36,576,000 after acquiring an additional 53,950 shares during the last quarter. Finally, Hermes Investment Management Ltd. grew its position in Clean Harbors by 4.1% during the 4th quarter. Hermes Investment Management Ltd. now owns 698,036 shares of the business services provider’s stock worth $37,834,000 after acquiring an additional 27,784 shares during the last quarter. Institutional investors and hedge funds own 92.09% of the company’s stock.
A number of brokerages recently weighed in on CLH. Zacks Investment Research lowered Clean Harbors from a “hold” rating to a “sell” rating in a research report on Monday, March 5th. Robert W. Baird restated a “hold” rating and set a $57.00 price objective on shares of Clean Harbors in a research report on Thursday, March 1st. Canaccord Genuity reduced their price objective on Clean Harbors from $57.00 to $54.00 and set a “hold” rating on the stock in a research report on Thursday, March 1st. BMO Capital Markets restated an “outperform” rating and set a $60.00 price objective (down previously from $61.00) on shares of Clean Harbors in a research report on Thursday, March 1st. Finally, Oppenheimer lowered Clean Harbors from a “market perform” rating to an “outperform” rating and set a $62.00 price objective on the stock. in a research report on Thursday, March 1st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $59.89.
Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 28th. The business services provider reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.13). Clean Harbors had a net margin of 3.42% and a return on equity of 1.36%. The company had revenue of $747.40 million during the quarter, compared to the consensus estimate of $720.50 million. During the same quarter last year, the firm posted ($0.06) EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. equities research analysts expect that Clean Harbors Inc will post 0.71 earnings per share for the current fiscal year.
In other Clean Harbors news, EVP Mark G. Bouldin sold 703 shares of the company’s stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $47.62, for a total value of $33,476.86. Following the sale, the executive vice president now owns 17,744 shares in the company, valued at approximately $844,969.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John T. Preston sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $50.93, for a total value of $254,650.00. Following the completion of the sale, the director now owns 9,427 shares in the company, valued at approximately $480,117.11. The disclosure for this sale can be found here. Insiders sold a total of 15,048 shares of company stock worth $781,644 in the last quarter. Corporate insiders own 8.90% of the company’s stock.
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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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