Citadel Advisors LLC Grows Stake in Clean Harbors, Inc. (CLH)
Citadel Advisors LLC lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 474.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,330 shares of the business services provider’s stock after purchasing an additional 22,569 shares during the period. Citadel Advisors LLC’s holdings in Clean Harbors were worth $1,526,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. raised its position in shares of Clean Harbors by 11,874.0% during the 1st quarter. BlackRock Inc. now owns 4,345,138 shares of the business services provider’s stock worth $241,676,000 after purchasing an additional 4,308,850 shares during the last quarter. Vanguard Group Inc. lifted its stake in Clean Harbors by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,116,699 shares of the business services provider’s stock valued at $229,836,000 after buying an additional 68,590 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Clean Harbors by 3.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,879,515 shares of the business services provider’s stock valued at $104,537,000 after buying an additional 60,435 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Clean Harbors by 18.8% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 1,758,591 shares of the business services provider’s stock valued at $97,813,000 after buying an additional 278,817 shares in the last quarter. Finally, State Street Corp lifted its stake in Clean Harbors by 2.2% in the 1st quarter. State Street Corp now owns 1,352,821 shares of the business services provider’s stock valued at $75,241,000 after buying an additional 28,999 shares in the last quarter. 94.18% of the stock is owned by institutional investors and hedge funds.
Clean Harbors, Inc. (NYSE:CLH) opened at 57.58 on Tuesday. Clean Harbors, Inc. has a 52-week low of $43.03 and a 52-week high of $61.62. The company’s 50-day moving average price is $53.74 and its 200 day moving average price is $55.92. The stock’s market capitalization is $3.29 billion.
Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03). The firm had revenue of $752.80 million during the quarter, compared to analysts’ expectations of $735.63 million. Clean Harbors had a positive return on equity of 0.79% and a negative net margin of 0.65%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. On average, equities research analysts anticipate that Clean Harbors, Inc. will post $0.67 earnings per share for the current year.
In other Clean Harbors news, SVP Eric J. Dugas sold 933 shares of Clean Harbors stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $54.67, for a total transaction of $51,007.11. Following the transaction, the senior vice president now directly owns 14,766 shares in the company, valued at approximately $807,257.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Eric W. Gerstenberg sold 4,667 shares of Clean Harbors stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $50.42, for a total transaction of $235,310.14. Following the transaction, the chief operating officer now owns 91,950 shares in the company, valued at $4,636,119. The disclosure for this sale can be found here. Insiders have sold 6,090 shares of company stock worth $313,845 in the last 90 days. 8.90% of the stock is owned by company insiders.
A number of equities research analysts have commented on CLH shares. Stifel Nicolaus reiterated a “buy” rating and set a $67.00 target price on shares of Clean Harbors in a report on Wednesday, July 19th. ValuEngine raised Clean Harbors from a “sell” rating to a “hold” rating in a report on Thursday, August 31st. Barclays PLC raised Clean Harbors from an “underweight” rating to an “equal weight” rating and set a $50.00 price target for the company in a report on Monday, August 7th. Canaccord Genuity restated a “hold” rating and issued a $57.00 price objective on shares of Clean Harbors in a research report on Wednesday, August 9th. Finally, Needham & Company LLC restated a “buy” rating and issued a $66.00 price objective on shares of Clean Harbors in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $62.30.
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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