Ledyard National Bank boosted its stake in Clean Harbors Inc (NYSE:CLH) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,469 shares of the business services provider’s stock after buying an additional 474 shares during the period. Ledyard National Bank’s holdings in Clean Harbors were worth $304,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. LS Investment Advisors LLC raised its position in shares of Clean Harbors by 6.9% in the third quarter. LS Investment Advisors LLC now owns 3,438 shares of the business services provider’s stock valued at $165,000 after buying an additional 221 shares during the last quarter. Advisor Group Inc. raised its position in shares of Clean Harbors by 10.0% in the third quarter. Advisor Group Inc. now owns 2,575 shares of the business services provider’s stock valued at $123,000 after buying an additional 234 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Clean Harbors by 2.8% in the fourth quarter. Guggenheim Capital LLC now owns 9,953 shares of the business services provider’s stock valued at $553,000 after buying an additional 268 shares during the last quarter. BlackRock Advisors LLC raised its position in shares of Clean Harbors by 1.0% in the third quarter. BlackRock Advisors LLC now owns 29,304 shares of the business services provider’s stock valued at $1,406,000 after buying an additional 276 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Clean Harbors by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,200 shares of the business services provider’s stock valued at $734,000 after buying an additional 300 shares during the last quarter. Institutional investors own 91.42% of the company’s stock.
Clean Harbors Inc (NYSE:CLH) traded down 0.958% on Thursday, reaching $57.405. The company had a trading volume of 194,692 shares. Clean Harbors Inc has a one year low of $43.03 and a one year high of $59.17. The stock’s market cap is $3.29 billion. The company has a 50-day moving average of $56.07 and a 200 day moving average of $53.16.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 22nd. The business services provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.12. The firm earned $692.10 million during the quarter, compared to the consensus estimate of $696.29 million. Clean Harbors had a negative net margin of 0.96% and a positive return on equity of 0.75%. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. On average, equities research analysts predict that Clean Harbors Inc will post $0.62 EPS for the current year.
Several research analysts have recently commented on the company. Goldman Sachs Group Inc assumed coverage on Clean Harbors in a research report on Friday, March 3rd. They issued a “neutral” rating and a $60.00 target price for the company. Wedbush reiterated an “outperform” rating and issued a $63.00 target price on shares of Clean Harbors in a research report on Tuesday, April 11th. CIBC upgraded Clean Harbors from a “market perform” rating to an “outperform” rating in a research report on Thursday, March 16th. Stifel Nicolaus lifted their target price on Clean Harbors from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Thursday, February 23rd. Finally, KeyCorp upgraded Clean Harbors from a “sector weight” rating to an “overweight” rating and set a $62.00 target price for the company in a research report on Tuesday, January 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $59.27.
In other Clean Harbors news, VP Eric J. Dugas sold 809 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $58.45, for a total value of $47,286.05. Following the transaction, the vice president now directly owns 11,630 shares in the company, valued at approximately $679,773.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Michael Louis Battles sold 3,156 shares of the stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $57.95, for a total value of $182,890.20. Following the completion of the transaction, the chief financial officer now owns 31,785 shares in the company, valued at $1,841,940.75. The disclosure for this sale can be found here. Insiders sold a total of 207,046 shares of company stock worth $11,792,145 over the last quarter. Corporate insiders own 9.50% of the company’s stock.
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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