Vontobel Holding Ltd. lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 15.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 279,569 shares of the business services provider's stock after selling 52,335 shares during the period. Vontobel Holding Ltd. owned 0.52% of Clean Harbors worth $67,575,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Mountain Pacific Investment Advisers Inc. ID purchased a new stake in Clean Harbors during the 1st quarter worth about $14,161,000. Perpetual Ltd boosted its holdings in Clean Harbors by 9.6% in the first quarter. Perpetual Ltd now owns 52,801 shares of the business services provider's stock valued at $10,629,000 after purchasing an additional 4,606 shares in the last quarter. Swedbank AB increased its stake in Clean Harbors by 83.3% in the second quarter. Swedbank AB now owns 110,000 shares of the business services provider's stock valued at $24,876,000 after purchasing an additional 50,000 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Clean Harbors during the first quarter worth approximately $828,000. Finally, Driehaus Capital Management LLC lifted its position in shares of Clean Harbors by 17.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider's stock worth $28,000,000 after buying an additional 18,058 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.
Clean Harbors Price Performance
Shares of CLH traded up $3.02 during mid-day trading on Wednesday, hitting $258.20. The company's stock had a trading volume of 224,904 shares, compared to its average volume of 290,909. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $261.81. The firm has a market capitalization of $13.93 billion, a P/E ratio of 37.35 and a beta of 1.20. The firm has a 50-day simple moving average of $242.56 and a 200 day simple moving average of $224.81.
Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the previous year, the firm earned $2.13 EPS. The business's revenue was up 10.9% on a year-over-year basis. Analysts predict that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.
Wall Street Analyst Weigh In
CLH has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 8th. Stifel Nicolaus reiterated a "buy" rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Needham & Company LLC upped their target price on Clean Harbors from $235.00 to $274.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price target on Clean Harbors from $242.00 to $268.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Finally, Oppenheimer increased their price objective on Clean Harbors from $245.00 to $252.00 and gave the company an "outperform" rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $242.40.
Check Out Our Latest Analysis on CLH
Insider Buying and Selling at Clean Harbors
In other Clean Harbors news, Director Lauren States sold 309 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the sale, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Clean Harbors news, Director Lauren States sold 309 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the sale, the director now owns 13,458 shares of the company's stock, valued at $3,284,963.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company's stock, valued at $18,955,400.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,617 shares of company stock valued at $2,613,132. Corporate insiders own 5.90% of the company's stock.
About Clean Harbors
(
Free Report)
Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.
Further Reading
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