New York State Common Retirement Fund Boosts Stake in Clean Harbors, Inc. (NYSE:CLH)
New York State Common Retirement Fund increased its position in Clean Harbors, Inc. (NYSE:CLH) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 258,611 shares of the business services provider’s stock after purchasing an additional 1,799 shares during the period. New York State Common Retirement Fund owned approximately 0.45% of Clean Harbors worth $14,438,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Clean Harbors by 9.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 188 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Clean Harbors by 15.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 3,530 shares of the business services provider’s stock worth $196,000 after acquiring an additional 480 shares in the last quarter. World Asset Management Inc purchased a new stake in Clean Harbors in the 2nd quarter worth approximately $201,000. Nomura Holdings Inc. purchased a new stake in Clean Harbors in the 1st quarter worth approximately $205,000. Finally, LS Investment Advisors LLC increased its holdings in Clean Harbors by 16.8% in the 2nd quarter. LS Investment Advisors LLC now owns 4,164 shares of the business services provider’s stock worth $232,000 after acquiring an additional 598 shares in the last quarter. Institutional investors own 94.18% of the company’s stock.
In related news, COO Eric W. Gerstenberg sold 4,667 shares of the business’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $50.42, for a total value of $235,310.14. Following the completion of the sale, the chief operating officer now directly owns 91,950 shares of the company’s stock, valued at $4,636,119. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Eric J. Dugas sold 933 shares of the company’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $54.67, for a total value of $51,007.11. Following the transaction, the senior vice president now directly owns 14,766 shares of the company’s stock, valued at $807,257.22. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,090 shares of company stock worth $313,845. Corporate insiders own 8.90% of the company’s stock.
CLH has been the subject of a number of research analyst reports. BMO Capital Markets began coverage on shares of Clean Harbors in a report on Thursday, June 29th. They set an “outperform” rating and a $65.00 price objective for the company. BidaskClub downgraded Clean Harbors from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Stifel Nicolaus restated a “buy” rating and issued a $67.00 price target on shares of Clean Harbors in a research report on Wednesday, July 19th. Needham & Company LLC restated a “buy” rating and issued a $66.00 price target on shares of Clean Harbors in a research report on Thursday, July 13th. Finally, ValuEngine upgraded Clean Harbors from a “sell” rating to a “hold” rating in a research report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. Clean Harbors currently has a consensus rating of “Buy” and a consensus target price of $62.00.
Clean Harbors, Inc. (NYSE CLH) traded down 0.18% during midday trading on Friday, hitting $56.54. The company had a trading volume of 83,603 shares. Clean Harbors, Inc. has a 12 month low of $43.03 and a 12 month high of $61.62. The firm has a 50-day moving average price of $55.24 and a 200-day moving average price of $56.01. The company’s market cap is $3.23 billion.
Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, August 2nd. The business services provider reported $0.24 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.03). Clean Harbors had a negative net margin of 0.65% and a positive return on equity of 0.79%. The business had revenue of $752.80 million during the quarter, compared to analysts’ expectations of $735.63 million. During the same period in the prior year, the firm earned $0.15 EPS. Clean Harbors’s revenue for the quarter was up 7.9% on a year-over-year basis. Equities analysts anticipate that Clean Harbors, Inc. will post $0.67 EPS for the current year.
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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