Parametric Portfolio Associates LLC grew its holdings in shares of Clean Harbors Inc (NYSE:CLH) by 10.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 206,325 shares of the business services provider’s stock after buying an additional 19,318 shares during the period. Parametric Portfolio Associates LLC owned 0.37% of Clean Harbors worth $14,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of CLH. Martingale Asset Management L P increased its holdings in Clean Harbors by 37.3% in the 1st quarter. Martingale Asset Management L P now owns 17,320 shares of the business services provider’s stock valued at $1,240,000 after purchasing an additional 4,703 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Clean Harbors by 717.5% in the 1st quarter. Penserra Capital Management LLC now owns 4,488 shares of the business services provider’s stock valued at $321,000 after purchasing an additional 3,939 shares in the last quarter. Mason Street Advisors LLC boosted its position in Clean Harbors by 1.3% in the 1st quarter. Mason Street Advisors LLC now owns 27,029 shares of the business services provider’s stock valued at $1,933,000 after buying an additional 334 shares during the last quarter. Parametrica Management Ltd purchased a new position in Clean Harbors in the 1st quarter valued at about $294,000. Finally, First Mercantile Trust Co. boosted its position in Clean Harbors by 184.7% in the 1st quarter. First Mercantile Trust Co. now owns 8,411 shares of the business services provider’s stock valued at $601,000 after buying an additional 5,457 shares during the last quarter. Institutional investors and hedge funds own 91.77% of the company’s stock.
CLH has been the topic of several research analyst reports. TheStreet raised shares of Clean Harbors from a “c+” rating to a “b-” rating in a research report on Tuesday, March 12th. UBS Group raised their price target on shares of Clean Harbors from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $75.40.
NYSE:CLH traded down $0.57 during trading hours on Monday, reaching $70.53. 311,800 shares of the company’s stock were exchanged, compared to its average volume of 426,307. The stock has a market cap of $3.97 billion, a P/E ratio of 55.98 and a beta of 1.61. Clean Harbors Inc has a 12 month low of $46.21 and a 12 month high of $77.24. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.92 and a quick ratio of 1.59. The stock has a 50-day moving average price of $67.38.
Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The firm had revenue of $780.80 million during the quarter, compared to analyst estimates of $792.78 million. Clean Harbors had a net margin of 2.38% and a return on equity of 7.01%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.12) EPS. On average, sell-side analysts forecast that Clean Harbors Inc will post 1.82 EPS for the current year.
Clean Harbors Profile
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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