Zeke Capital Advisors LLC increased its holdings in Clean Harbors Inc (NYSE:CLH) by 31.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,234 shares of the business services provider’s stock after acquiring an additional 2,437 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Clean Harbors were worth $732,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Great West Life Assurance Co. Can lifted its position in shares of Clean Harbors by 6.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 32,034 shares of the business services provider’s stock valued at $1,467,000 after buying an additional 1,936 shares in the last quarter. Sciencast Management LP purchased a new position in shares of Clean Harbors during the 1st quarter valued at about $467,000. Canada Pension Plan Investment Board lifted its position in shares of Clean Harbors by 150.4% during the 4th quarter. Canada Pension Plan Investment Board now owns 328,500 shares of the business services provider’s stock valued at $16,210,000 after buying an additional 197,300 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Clean Harbors during the 4th quarter valued at about $427,000. Finally, Vanguard Group Inc lifted its position in shares of Clean Harbors by 2.6% during the 3rd quarter. Vanguard Group Inc now owns 4,495,357 shares of the business services provider’s stock valued at $321,778,000 after buying an additional 113,188 shares in the last quarter. 93.13% of the stock is owned by institutional investors.
In other Clean Harbors news, CFO Michael Louis Battles sold 4,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $71.85, for a total value of $287,400.00. Following the transaction, the chief financial officer now owns 40,972 shares of the company’s stock, valued at approximately $2,943,838.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrea Robertson sold 1,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $66.75, for a total value of $66,750.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,777 shares of company stock worth $1,444,277. Corporate insiders own 8.70% of the company’s stock.
A number of research analysts have recently weighed in on CLH shares. BMO Capital Markets lifted their price objective on Clean Harbors from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, February 28th. TheStreet cut Clean Harbors from a “b-” rating to a “c+” rating in a report on Tuesday, May 7th. Finally, UBS Group boosted their price target on Clean Harbors from $70.00 to $73.00 and gave the stock a “neutral” rating in a report on Thursday, April 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $75.40.
NYSE:CLH traded up $0.41 during trading hours on Friday, reaching $66.81. The stock had a trading volume of 584,100 shares, compared to its average volume of 465,843. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.92 and a quick ratio of 1.59. Clean Harbors Inc has a 52 week low of $46.21 and a 52 week high of $77.24. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 53.02 and a beta of 1.56.
Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. Clean Harbors had a return on equity of 7.01% and a net margin of 2.38%. The business had revenue of $780.80 million for the quarter, compared to the consensus estimate of $792.78 million. During the same quarter in the previous year, the company posted ($0.12) EPS. The company’s revenue was up 4.1% compared to the same quarter last year. As a group, analysts anticipate that Clean Harbors Inc will post 1.82 EPS for the current year.
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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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