California Public Employees Retirement System Grows Holdings in Clean Harbors, Inc. (CLH)
California Public Employees Retirement System grew its stake in Clean Harbors, Inc. (NYSE:CLH) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,700 shares of the business services provider’s stock after buying an additional 600 shares during the period. California Public Employees Retirement System owned approximately 0.21% of Clean Harbors worth $6,739,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in CLH. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Clean Harbors by 9.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,081 shares of the business services provider’s stock worth $116,000 after buying an additional 188 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in Clean Harbors by 15.7% in the 1st quarter. Asset Management One Co. Ltd. now owns 3,530 shares of the business services provider’s stock worth $196,000 after buying an additional 480 shares in the last quarter. World Asset Management Inc purchased a new position in Clean Harbors in the 2nd quarter worth approximately $201,000. Nomura Holdings Inc. purchased a new position in Clean Harbors in the 1st quarter worth approximately $205,000. Finally, LS Investment Advisors LLC grew its stake in Clean Harbors by 16.8% in the 2nd quarter. LS Investment Advisors LLC now owns 4,164 shares of the business services provider’s stock worth $232,000 after buying an additional 598 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.
Shares of Clean Harbors, Inc. (NYSE CLH) opened at 56.54 on Friday. The stock has a 50 day moving average of $55.24 and a 200-day moving average of $56.01. The stock’s market cap is $3.23 billion. Clean Harbors, Inc. has a 52 week low of $43.03 and a 52 week high of $61.62.
Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Clean Harbors had a negative net margin of 0.65% and a positive return on equity of 0.79%. The business had revenue of $752.80 million during the quarter, compared to analysts’ expectations of $735.63 million. During the same period last year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts predict that Clean Harbors, Inc. will post $0.67 earnings per share for the current fiscal year.
A number of research firms have commented on CLH. ValuEngine raised shares of Clean Harbors from a “sell” rating to a “hold” rating in a research note on Thursday, August 31st. Canaccord Genuity reissued a “hold” rating and issued a $57.00 price target on shares of Clean Harbors in a research note on Wednesday, August 9th. Barclays PLC raised shares of Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 price target for the company in a research note on Monday, August 7th. BidaskClub cut shares of Clean Harbors from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $67.00 price target on shares of Clean Harbors in a research note on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $62.00.
In related news, COO Eric W. Gerstenberg sold 4,667 shares of the firm’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $50.42, for a total value of $235,310.14. Following the completion of the transaction, the chief operating officer now directly owns 91,950 shares of the company’s stock, valued at $4,636,119. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Brian P. Weber sold 490 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $56.18, for a total transaction of $27,528.20. Following the completion of the transaction, the executive vice president now directly owns 59,413 shares of the company’s stock, valued at $3,337,822.34. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,090 shares of company stock valued at $313,845. 8.90% of the stock is currently owned by insiders.
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Clean Harbors Profile
Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.
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