State of Alaska Department of Revenue grew its holdings in Clean Harbors, Inc. (NYSE:CLH – Get Rating) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,668 shares of the business services provider's stock after purchasing an additional 478 shares during the quarter. State of Alaska Department of Revenue's holdings in Clean Harbors were worth $1,109,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP bought a new stake in shares of Clean Harbors in the fourth quarter valued at about $137,449,000. Leeward Investments LLC MA bought a new stake in shares of Clean Harbors in the first quarter valued at about $57,553,000. Artemis Investment Management LLP lifted its stake in shares of Clean Harbors by 30.3% in the first quarter. Artemis Investment Management LLP now owns 1,048,512 shares of the business services provider's stock valued at $116,902,000 after buying an additional 244,060 shares during the period. Lord Abbett & CO. LLC bought a new stake in shares of Clean Harbors in the first quarter valued at about $20,325,000. Finally, Vanguard Group Inc. lifted its stake in shares of Clean Harbors by 3.6% in the first quarter. Vanguard Group Inc. now owns 4,892,851 shares of the business services provider's stock valued at $546,237,000 after buying an additional 171,052 shares during the period. 88.85% of the stock is owned by institutional investors and hedge funds.
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Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Clean Harbors from $127.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, September 2nd. Robert W. Baird increased their price target on shares of Clean Harbors from $131.00 to $150.00 in a research report on Thursday, August 4th. Raymond James raised their price target on Clean Harbors from $135.00 to $145.00 and gave the company a "strong-buy" rating in a report on Thursday, August 4th. DA Davidson boosted their price objective on Clean Harbors to $150.00 in a research note on Tuesday, August 9th. Finally, StockNews.com upgraded Clean Harbors from a "buy" rating to a "strong-buy" rating in a research note on Thursday, August 4th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $139.14.
Clean Harbors Price Performance
Shares of CLH stock opened at $107.80 on Wednesday. The stock has a 50-day moving average price of $111.84 and a 200 day moving average price of $102.26. The company has a quick ratio of 1.66, a current ratio of 1.94 and a debt-to-equity ratio of 1.46. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 19.11 and a beta of 1.43. Clean Harbors, Inc. has a 12 month low of $81.56 and a 12 month high of $124.49.
Clean Harbors (NYSE:CLH – Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The business services provider reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $1.53 by $0.91. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.23 billion. Clean Harbors had a return on equity of 18.40% and a net margin of 6.70%. The company's revenue was up 46.8% on a year-over-year basis. During the same period last year, the company earned $1.19 earnings per share. Research analysts expect that Clean Harbors, Inc. will post 6.53 EPS for the current year.
Insider Buying and Selling
In related news, Director Andrea Robertson sold 1,095 shares of Clean Harbors stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $106.37, for a total value of $116,475.15. Following the completion of the sale, the director now directly owns 10,719 shares in the company, valued at $1,140,180.03. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Clean Harbors news, EVP Brian P. Weber sold 2,003 shares of the firm's stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $122.42, for a total transaction of $245,207.26. Following the transaction, the executive vice president now owns 62,103 shares in the company, valued at $7,602,649.26. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrea Robertson sold 1,095 shares of the firm's stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $106.37, for a total value of $116,475.15. Following the transaction, the director now owns 10,719 shares in the company, valued at approximately $1,140,180.03. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company's stock.
Clean Harbors Company Profile
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Clean Harbors, Inc provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.
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