Capital Impact Advisors LLC cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 27.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,388 shares of the business services provider’s stock after selling 7,427 shares during the period. Capital Impact Advisors LLC’s holdings in Clean Harbors were worth $1,082,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of CLH. Amalgamated Bank raised its position in 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 during the last quarter. Utah Retirement Systems raised its position in 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 during the last quarter. Sawtooth Solutions LLC raised its position in Clean Harbors by 2.8% in the first quarter. Sawtooth Solutions LLC now owns 4,249 shares of the business services provider’s stock valued at $236,000 after buying an additional 115 shares during the last quarter. PNC Financial Services Group Inc. raised its position in 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 during the last quarter. Finally, Neuburgh Advisers LLC raised its position in Clean Harbors by 7.1% in the first quarter. Neuburgh Advisers LLC now owns 1,980 shares of the business services provider’s stock valued at $110,000 after buying an additional 132 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.
Shares of Clean Harbors, Inc. (CLH) traded down 0.39% during trading on Friday, hitting $56.22. 3,298 shares of the stock traded hands. The company’s 50 day moving average is $56.33 and its 200 day moving average is $56.34. Clean Harbors, Inc. has a 52-week low of $43.03 and a 52-week high of $61.62. The firm’s market cap is $3.22 billion.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 3rd. The business services provider reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by $0.01. The business had revenue of $688.90 million for the quarter, compared to analyst estimates of $662.27 million. Clean Harbors had a negative net margin of 1.44% and a positive return on equity of 0.31%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm earned ($0.22) earnings per share. On average, equities research analysts predict that Clean Harbors, Inc. will post $0.70 EPS for the current year.
Several research firms have weighed in on CLH. KeyCorp boosted their target price on shares of Clean Harbors from $62.00 to $65.00 and gave the company an “overweight” rating in a report on Tuesday, May 23rd. BMO Capital Markets began coverage on shares of Clean Harbors in a report on Thursday, June 29th. They issued an “outperform” rating and a $65.00 target price on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $67.00 target price on shares of Clean Harbors in a report on Wednesday. Wedbush reiterated an “outperform” rating and issued a $63.00 target price on shares of Clean Harbors in a report on Tuesday, April 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $66.00 target price on shares of Clean Harbors in a report on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Clean Harbors currently has an average rating of “Hold” and an average price target of $60.92.
In other Clean Harbors news, Director Andrea Robertson sold 1,034 shares of Clean Harbors stock in a transaction that occurred on Friday, May 5th. The shares were sold at an average price of $60.62, for a total transaction of $62,681.08. Following the transaction, the director now directly owns 14,136 shares of the company’s stock, valued at $856,924.32. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David M. Parry sold 4,402 shares of Clean Harbors stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $58.96, for a total transaction of $259,541.92. Following the transaction, the insider now directly owns 39,955 shares in the company, valued at $2,355,746.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,452 shares of company stock worth $668,576. 9.50% of the stock is currently owned by corporate insiders.
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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