Acadian Asset Management LLC increased its holdings in shares of Clean Harbors Inc (NYSE:CLH) by 499.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 58,700 shares of the business services provider’s stock after buying an additional 48,913 shares during the period. Acadian Asset Management LLC’s holdings in Clean Harbors were worth $4,202,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Creative Planning purchased a new stake in Clean Harbors during the 3rd quarter worth approximately $213,000. IFP Advisors Inc increased its stake in Clean Harbors by 131.9% during the 3rd quarter. IFP Advisors Inc now owns 3,954 shares of the business services provider’s stock worth $283,000 after buying an additional 2,249 shares during the period. Oakbrook Investments LLC purchased a new stake in Clean Harbors during the 2nd quarter worth approximately $239,000. Brown Advisory Inc. purchased a new stake in Clean Harbors during the 1st quarter worth approximately $225,000. Finally, State of Alaska Department of Revenue increased its stake in Clean Harbors by 183.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 5,361 shares of the business services provider’s stock worth $383,000 after buying an additional 3,471 shares during the period. 93.84% of the stock is currently owned by hedge funds and other institutional investors.
NYSE CLH opened at $65.62 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.04 and a debt-to-equity ratio of 1.35. Clean Harbors Inc has a 52 week low of $44.74 and a 52 week high of $72.50. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 198.85 and a beta of 1.01.
In other Clean Harbors news, Director Andrea Robertson sold 1,500 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $68.31, for a total transaction of $102,465.00. Following the completion of the transaction, the director now owns 14,929 shares in the company, valued at approximately $1,019,799.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alan S. Mckim sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $64.17, for a total transaction of $3,208,500.00. Following the transaction, the insider now owns 3,859,062 shares of the company’s stock, valued at approximately $247,636,008.54. The disclosure for this sale can be found here. Insiders have sold a total of 64,907 shares of company stock valued at $4,240,193 in the last quarter. 8.70% of the stock is currently owned by company insiders.
Several equities research analysts recently weighed in on the stock. BMO Capital Markets cut their target price on shares of Clean Harbors from $78.00 to $76.00 and set an “outperform” rating on the stock in a research note on Thursday, November 1st. UBS Group set a $56.00 target price on shares of Clean Harbors and gave the stock a “sell” rating in a research note on Thursday, November 1st. Oppenheimer reaffirmed a “hold” rating on shares of Clean Harbors in a research note on Wednesday, October 31st. Needham & Company LLC upped their target price on shares of Clean Harbors from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 target price (up from $70.00) on shares of Clean Harbors in a research note on Tuesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $66.75.
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About Clean Harbors
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.
See Also: Outstanding Shares
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