Geode Capital Management LLC Lowers Position in Clean Harbors, Inc. $CLH
Geode Capital Management LLC reduced its stake in Clean Harbors, Inc. by 0.3% in Q2, now holding 889,426 shares valued at $205.65 million. Analysts have mixed ratings on Clean Harbors, with a consensus target price of $254.58. The company's Q3 earnings missed estimates, reporting $2.21 EPS on $1.55 billion revenue. Clean Harbors provides environmental and industrial services globally.
Geode Capital Management LLC decreased its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 0.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 889,426 shares of the business services provider's stock after selling 2,601 shares during the period. Geode Capital Management LLC owned about 1.66% of Clean Harbors worth $205,651,000 at the end of the most recent quarter.
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A number of other hedge funds also recently bought and sold shares of CLH. Hopwood Financial Services Inc. purchased a new stake in shares of Clean Harbors during the first quarter valued at approximately $30,000. Golden State Wealth Management LLC grew its holdings in shares of Clean Harbors by 145.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider's stock worth $43,000 after acquiring an additional 109 shares during the period. Ameritas Advisory Services LLC bought a new position in shares of Clean Harbors in the 2nd quarter worth approximately $48,000. Allworth Financial LP raised its position in shares of Clean Harbors by 22.8% in the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider's stock worth $54,000 after acquiring an additional 43 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Clean Harbors in the 1st quarter valued at approximately $48,000. Institutional investors own 90.43% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on CLH. Barclays decreased their target price on shares of Clean Harbors from $253.00 to $230.00 and set an "equal weight" rating for the company in a research note on Thursday, October 30th. Oppenheimer reissued an "outperform" rating and issued a $237.00 target price on shares of Clean Harbors in a report on Thursday, October 30th. Weiss Ratings reissued a "hold (c+)" rating on shares of Clean Harbors in a research note on Thursday. Wells Fargo & Company initiated coverage on Clean Harbors in a report on Thursday. They set an "equal weight" rating and a $220.00 price target for the company. Finally, UBS Group dropped their price target on shares of Clean Harbors from $245.00 to $240.00 and set a "neutral" rating on the stock in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of "Moderate Buy" and a consensus target price of $254.58.
Read Our Latest Research Report on Clean Harbors
Clean Harbors Stock Performance
Shares of CLH opened at $201.87 on Tuesday. The business has a 50-day simple moving average of $227.86 and a two-hundred day simple moving average of $231.07. The company has a quick ratio of 2.07, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $263.43. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 28.00 and a beta of 1.16.
Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.16). The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.12 earnings per share. On average, analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.
Clean Harbors Company Profile
(Free Report)Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.
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