Clean Harbors Inc (NYSE:CLH) Shares Acquired by Tyers Asset Management LLC
Tyers Asset Management LLC increased its position in Clean Harbors Inc (NYSE:CLH) by 20.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,904 shares of the business services provider’s stock after buying an additional 1,484 shares during the quarter. Tyers Asset Management LLC’s holdings in Clean Harbors were worth $633,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. NumerixS Investment Technologies Inc lifted its holdings in shares of Clean Harbors by 89.2% during the first quarter. NumerixS Investment Technologies Inc now owns 7,000 shares of the business services provider’s stock valued at $496,000 after purchasing an additional 3,300 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Clean Harbors during the second quarter valued at $1,438,000. Bluestein R H & Co. purchased a new stake in shares of Clean Harbors during the first quarter valued at $286,000. Marshall Wace North America L.P. lifted its holdings in shares of Clean Harbors by 284.8% during the first quarter. Marshall Wace North America L.P. now owns 18,422 shares of the business services provider’s stock valued at $1,318,000 after purchasing an additional 13,634 shares during the last quarter. Finally, Texas Permanent School Fund lifted its holdings in shares of Clean Harbors by 3.5% during the first quarter. Texas Permanent School Fund now owns 34,511 shares of the business services provider’s stock valued at $2,469,000 after purchasing an additional 1,160 shares during the last quarter. Institutional investors and hedge funds own 90.58% of the company’s stock.
Clean Harbors stock traded down $0.47 during mid-day trading on Friday, hitting $77.23. The company’s stock had a trading volume of 8,136 shares, compared to its average volume of 298,832. The firm’s 50 day moving average is $74.59 and its 200 day moving average is $70.68. The company has a market cap of $4.19 billion, a PE ratio of 61.29 and a beta of 1.60. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.91 and a quick ratio of 1.59. Clean Harbors Inc has a 52-week low of $46.21 and a 52-week high of $80.06.
In other Clean Harbors news, CAO Eric J. Dugas sold 2,034 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $73.85, for a total value of $150,210.90. Following the transaction, the chief accounting officer now directly owns 24,234 shares of the company’s stock, valued at approximately $1,789,680.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Rod Marlin sold 4,267 shares of the company’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $68.58, for a total value of $292,630.86. Following the completion of the transaction, the director now directly owns 37,062 shares in the company, valued at $2,541,711.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,858 shares of company stock worth $2,641,644. Insiders own 8.10% of the company’s stock.
CLH has been the subject of several analyst reports. CIBC raised Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 target price for the company in a report on Thursday, August 1st. Robert W. Baird upped their target price on Clean Harbors from $82.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Needham & Company LLC initiated coverage on Clean Harbors in a report on Friday, August 23rd. They set a “buy” rating and a $86.00 target price for the company. TheStreet raised Clean Harbors from a “c+” rating to a “b” rating in a report on Wednesday, July 31st. Finally, Oppenheimer raised Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price objective for the company in a research note on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $82.00.
About Clean Harbors
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.
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