Canada Pension Plan Investment Board lowered its holdings in shares of Clean Harbors Inc (NYSE:CLH) by 32.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,200 shares of the business services provider’s stock after selling 62,000 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.23% of Clean Harbors worth $9,391,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Creative Planning purchased a new stake in shares of Clean Harbors during the 3rd quarter valued at about $213,000. Parametrica Management Ltd purchased a new stake in shares of Clean Harbors during the 3rd quarter valued at about $239,000. IFP Advisors Inc increased its position in shares of Clean Harbors by 131.9% during the 3rd quarter. IFP Advisors Inc now owns 3,954 shares of the business services provider’s stock valued at $283,000 after purchasing an additional 2,249 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Clean Harbors by 183.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,361 shares of the business services provider’s stock valued at $383,000 after acquiring an additional 3,471 shares during the period. Finally, Commonwealth Bank of Australia bought a new position in shares of Clean Harbors during the 3rd quarter valued at approximately $386,000. 92.34% of the stock is owned by hedge funds and other institutional investors.
In other Clean Harbors news, CFO Michael Louis Battles sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $65.20, for a total value of $130,400.00. Following the completion of the transaction, the chief financial officer now directly owns 53,113 shares in the company, valued at approximately $3,462,967.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Robertson sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, November 1st. The stock was sold at an average price of $68.31, for a total value of $102,465.00. Following the completion of the transaction, the director now owns 14,929 shares of the company’s stock, valued at $1,019,799.99. The disclosure for this sale can be found here. Insiders sold a total of 54,804 shares of company stock valued at $3,532,423 over the last 90 days. 8.70% of the stock is currently owned by corporate insiders.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.16. The company had revenue of $843.18 million during the quarter, compared to the consensus estimate of $846.07 million. Clean Harbors had a return on equity of 4.93% and a net margin of 4.18%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. On average, sell-side analysts expect that Clean Harbors Inc will post 1.17 earnings per share for the current year.
A number of research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on Clean Harbors from $74.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, October 1st. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 price objective (up from $70.00) on shares of Clean Harbors in a research note on Tuesday, September 25th. Oppenheimer reiterated a “hold” rating on shares of Clean Harbors in a research note on Wednesday, October 31st. UBS Group set a $56.00 price objective on Clean Harbors and gave the company a “sell” rating in a research note on Thursday, November 1st. Finally, BMO Capital Markets cut their price objective on Clean Harbors from $78.00 to $76.00 and set an “outperform” rating for the company in a research note on Thursday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $66.75.
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Clean Harbors Company Profile
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.
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