Prudential Financial Inc. cut its position in Clean Harbors, Inc. (NYSE:CLH – Get Rating) by 9.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 28,808 shares of the business services provider's stock after selling 2,939 shares during the quarter. Prudential Financial Inc. owned about 0.05% of Clean Harbors worth $3,150,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc bought a new stake in Clean Harbors in the 3rd quarter valued at about $221,000. Creative Planning raised its position in shares of Clean Harbors by 23.9% during the 3rd quarter. Creative Planning now owns 3,613 shares of the business services provider's stock worth $397,000 after buying an additional 697 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Clean Harbors by 219.4% during the 3rd quarter. Teacher Retirement System of Texas now owns 26,454 shares of the business services provider's stock worth $2,909,000 after buying an additional 18,171 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Clean Harbors by 0.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 70,783 shares of the business services provider's stock worth $7,785,000 after buying an additional 533 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Clean Harbors by 20.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 150,000 shares of the business services provider's stock worth $16,302,000 after buying an additional 25,000 shares in the last quarter. 88.13% of the stock is currently owned by institutional investors.
Get Clean Harbors alerts:Clean Harbors Stock Performance
Clean Harbors stock opened at $131.91 on Friday. The firm's 50 day simple moving average is $119.69 and its 200-day simple moving average is $115.99. The company has a market cap of $7.13 billion, a P/E ratio of 19.01 and a beta of 1.40. The company has a debt-to-equity ratio of 1.36, a current ratio of 2.01 and a quick ratio of 1.72. Clean Harbors, Inc. has a fifty-two week low of $81.56 and a fifty-two week high of $132.63.
Clean Harbors (NYSE:CLH – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The business services provider reported $2.43 EPS for the quarter, beating analysts' consensus estimates of $2.02 by $0.41. Clean Harbors had a net margin of 7.55% and a return on equity of 21.58%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.29 billion. As a group, equities research analysts predict that Clean Harbors, Inc. will post 6.92 EPS for the current year.Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Oppenheimer dropped their price target on shares of Clean Harbors from $138.00 to $135.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 17th. UBS Group cut shares of Clean Harbors from a "buy" rating to a "neutral" rating and set a $135.00 price objective on the stock. in a research note on Thursday, November 3rd. Robert W. Baird lifted their price objective on shares of Clean Harbors from $150.00 to $155.00 in a research note on Thursday, November 3rd. StockNews.com raised shares of Clean Harbors from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 8th. Finally, Raymond James lifted their price objective on shares of Clean Harbors from $145.00 to $150.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, January 31st. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $139.33.
Insider Activity at Clean Harbors
In related news, CAO Eric J. Dugas sold 3,274 shares of the business's stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $122.39, for a total transaction of $400,704.86. Following the transaction, the chief accounting officer now directly owns 26,286 shares of the company's stock, valued at $3,217,143.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Alan S. Mckim sold 40,000 shares of the business's stock in a transaction that occurred on Monday, November 28th. The shares were sold at an average price of $120.45, for a total transaction of $4,818,000.00. Following the transaction, the chief executive officer now directly owns 3,089,109 shares of the company's stock, valued at $372,083,179.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Eric J. Dugas sold 3,274 shares of the business's stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $122.39, for a total transaction of $400,704.86. Following the transaction, the chief accounting officer now directly owns 26,286 shares in the company, valued at $3,217,143.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,010 shares of company stock valued at $7,500,790. Corporate insiders own 6.60% of the company's stock.
About Clean Harbors
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Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and the Safety-Kleen Sustainability Solutions segments. The Environmental Services segment consists of the technical services, industrial services, field services, and oil, gas, and lodging businesses.
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