Clean Harbors Inc (CLH) Stake Lessened by Lapides Asset Management LLC

Lapides Asset Management LLC lessened its stake in Clean Harbors Inc (NYSE:CLH) by 24.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 55,900 shares of the business services provider’s stock after selling 18,200 shares during the quarter. Lapides Asset Management LLC owned approximately 0.10% of Clean Harbors worth $4,001,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Creative Planning bought a new stake in shares of Clean Harbors during the 3rd quarter valued at about $213,000. Brown Advisory Inc. bought a new stake in shares of Clean Harbors during the 1st quarter valued at about $225,000. Oakbrook Investments LLC bought a new stake in shares of Clean Harbors during the 2nd quarter valued at about $239,000. IFP Advisors Inc grew its position in shares of Clean Harbors by 131.9% during the 3rd quarter. IFP Advisors Inc now owns 3,954 shares of the business services provider’s stock valued at $283,000 after buying an additional 2,249 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Clean Harbors during the 2nd quarter valued at about $322,000. Institutional investors and hedge funds own 94.74% of the company’s stock.

In other Clean Harbors news, EVP David M. Parry sold 3,026 shares of the company’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $61.93, for a total value of $187,400.18. Following the completion of the transaction, the executive vice president now owns 47,177 shares in the company, valued at approximately $2,921,671.61. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Grace Cowan sold 424 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $70.62, for a total transaction of $29,942.88. Following the completion of the transaction, the executive vice president now owns 22,914 shares of the company’s stock, valued at approximately $1,618,186.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,817 shares of company stock valued at $1,392,201. 8.70% of the stock is owned by insiders.

NYSE CLH traded up $0.63 on Tuesday, hitting $62.99. The stock had a trading volume of 3,230 shares, compared to its average volume of 465,095. Clean Harbors Inc has a one year low of $44.74 and a one year high of $72.50. The company has a current ratio of 2.09, a quick ratio of 1.73 and a debt-to-equity ratio of 1.40. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 192.33 and a beta of 1.06.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, August 1st. The business services provider reported $0.54 EPS for the quarter, topping the consensus estimate of $0.35 by $0.19. Clean Harbors had a net margin of 3.69% and a return on equity of 3.17%. The firm had revenue of $849.14 million during the quarter, compared to analysts’ expectations of $838.85 million. During the same quarter in the prior year, the firm earned $0.24 EPS. Clean Harbors’s quarterly revenue was up 12.8% on a year-over-year basis. As a group, equities research analysts expect that Clean Harbors Inc will post 1.01 earnings per share for the current fiscal year.

A number of equities research analysts recently weighed in on the stock. Needham & Company LLC boosted their price objective on shares of Clean Harbors from $74.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, October 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price objective (up previously from $70.00) on shares of Clean Harbors in a research report on Tuesday, September 25th. ValuEngine raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. BMO Capital Markets boosted their price objective on shares of Clean Harbors from $65.00 to $71.00 and gave the company an “outperform” rating in a research report on Thursday, August 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $69.00 price objective on shares of Clean Harbors in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the stock. Clean Harbors has a consensus rating of “Buy” and a consensus price target of $65.25.

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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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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