Teacher Retirement System of Texas reduced its stake in shares of Clean Harbors Inc (NYSE:CLH) by 9.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,891 shares of the business services provider’s stock after selling 1,084 shares during the period. Teacher Retirement System of Texas’ holdings in Clean Harbors were worth $605,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. TLP Group LLC acquired a new stake in Clean Harbors during the 1st quarter worth approximately $201,000. Brown Advisory Inc. acquired a new stake in shares of Clean Harbors in the first quarter valued at approximately $225,000. Oakbrook Investments LLC acquired a new stake in shares of Clean Harbors in the second quarter valued at approximately $239,000. Parametrica Management Ltd acquired a new stake in shares of Clean Harbors in the first quarter valued at approximately $283,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Clean Harbors in the second quarter valued at approximately $322,000. Hedge funds and other institutional investors own 94.16% of the company’s stock.
A number of analysts have recently issued reports on CLH shares. ValuEngine upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. BMO Capital Markets lifted their price objective on shares of Clean Harbors from $65.00 to $71.00 and gave the company an “outperform” rating in a report on Thursday, August 2nd. Stifel Nicolaus lifted their price objective on shares of Clean Harbors from $65.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Robert W. Baird reiterated a “buy” rating and issued a $69.00 price objective on shares of Clean Harbors in a report on Thursday, August 2nd. Finally, Needham & Company LLC lifted their price objective on shares of Clean Harbors from $63.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Clean Harbors currently has an average rating of “Buy” and a consensus target price of $63.25.
In related news, insider David J. Vergo sold 2,384 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $62.22, for a total transaction of $148,332.48. Following the transaction, the insider now directly owns 29,450 shares in the company, valued at $1,832,379. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Eric W. Gerstenberg sold 8,000 shares of the business’s stock in a transaction on Monday, June 25th. The stock was sold at an average price of $55.19, for a total transaction of $441,520.00. Following the transaction, the chief operating officer now owns 59,486 shares in the company, valued at $3,283,032.34. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,989 shares of company stock worth $1,636,105. 8.70% of the stock is owned by corporate insiders.
Shares of CLH opened at $69.08 on Wednesday. The firm has a market cap of $3.85 billion, a P/E ratio of 209.33 and a beta of 1.06. Clean Harbors Inc has a 1-year low of $44.74 and a 1-year high of $69.59. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.73 and a current ratio of 2.09.
Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, August 1st. The business services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.19. The business had revenue of $849.14 million for the quarter, compared to the consensus estimate of $838.85 million. Clean Harbors had a net margin of 3.69% and a return on equity of 3.17%. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. analysts predict that Clean Harbors Inc will post 0.98 earnings per share for the current year.
Clean Harbors Company Profile
Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.
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