Flagship Harbor Advisors LLC Boosts Stock Holdings in Clean Harbors Inc (NYSE:CLH)

Flagship Harbor Advisors LLC lifted its position in Clean Harbors Inc (NYSE:CLH) by 17.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,394 shares of the business services provider’s stock after acquiring an additional 353 shares during the period. Flagship Harbor Advisors LLC’s holdings in Clean Harbors were worth $170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Raymond James & Associates lifted its position in shares of Clean Harbors by 5.7% during the 4th quarter. Raymond James & Associates now owns 12,846 shares of the business services provider’s stock worth $634,000 after buying an additional 693 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new position in shares of Clean Harbors during the 4th quarter worth approximately $1,106,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Clean Harbors during the 4th quarter worth approximately $429,000. Thrivent Financial for Lutherans lifted its position in shares of Clean Harbors by 5.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 12,966 shares of the business services provider’s stock worth $640,000 after buying an additional 661 shares in the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Clean Harbors by 4.2% during the 4th quarter. Legal & General Group Plc now owns 80,352 shares of the business services provider’s stock worth $3,965,000 after buying an additional 3,217 shares in the last quarter. 90.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:CLH traded down $3.47 during mid-day trading on Friday, reaching $71.63. The company had a trading volume of 378,193 shares, compared to its average volume of 389,552. The company has a current ratio of 1.91, a quick ratio of 1.59 and a debt-to-equity ratio of 1.40. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 56.85 and a beta of 1.59. The company’s 50-day moving average price is $73.30 and its 200-day moving average price is $69.31. Clean Harbors Inc has a one year low of $46.21 and a one year high of $80.06.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The company had revenue of $868.68 million for the quarter, compared to analysts’ expectations of $880.97 million. Clean Harbors had a net margin of 2.53% and a return on equity of 7.46%. Clean Harbors’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 EPS. On average, research analysts anticipate that Clean Harbors Inc will post 1.93 EPS for the current fiscal year.

In other Clean Harbors news, Director Rod Marlin sold 4,267 shares of the business’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $68.58, for a total transaction of $292,630.86. Following the sale, the director now owns 37,062 shares of the company’s stock, valued at approximately $2,541,711.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Michael Louis Battles sold 1,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $76.00, for a total transaction of $76,000.00. Following the sale, the chief financial officer now directly owns 42,367 shares in the company, valued at approximately $3,219,892. The disclosure for this sale can be found here. Insiders sold a total of 82,824 shares of company stock worth $5,757,206 in the last ninety days. 8.10% of the stock is currently owned by insiders.

CLH has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Friday, August 2nd. Robert W. Baird lifted their target price on shares of Clean Harbors from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. TheStreet raised shares of Clean Harbors from a “c+” rating to a “b” rating in a report on Wednesday, July 31st. CIBC raised shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price target on the stock in a report on Thursday, August 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $86.00 price target on shares of Clean Harbors in a report on Friday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $82.00.

About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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

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