Stephens Inc. AR Buys 122 Shares of Clean Harbors, Inc. $CLH

Stephens Inc. AR grew its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,547 shares of the business services provider’s stock after buying an additional 122 shares during the period. Stephens Inc. AR’s holdings in Clean Harbors were worth $820,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Hopwood Financial Services Inc. bought a new position in shares of Clean Harbors during the 1st quarter valued at about $30,000. Banque Cantonale Vaudoise bought a new position in shares of Clean Harbors during the 1st quarter valued at about $48,000. Quarry LP bought a new position in shares of Clean Harbors during the 1st quarter valued at about $48,000. Ameritas Advisory Services LLC bought a new position in shares of Clean Harbors during the 2nd quarter valued at about $48,000. Finally, Blue Trust Inc. lifted its holdings in shares of Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.8%

CLH stock opened at $245.50 on Friday. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $13.17 billion, a PE ratio of 34.48 and a beta of 1.18. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The business’s 50 day simple moving average is $237.54 and its 200 day simple moving average is $229.74.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the firm earned $2.46 EPS. The firm’s revenue was down .2% compared to the same quarter last year. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Michael Louis Battles acquired 2,000 shares of the firm’s stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $233.50 per share, with a total value of $467,000.00. Following the acquisition, the chief executive officer directly owned 82,911 shares in the company, valued at $19,359,718.50. This represents a 2.47% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Andrea Robertson sold 836 shares of the company’s stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $233.64, for a total value of $195,323.04. Following the completion of the transaction, the director directly owned 9,888 shares in the company, valued at approximately $2,310,232.32. This represents a 7.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

CLH has been the topic of several research reports. UBS Group boosted their target price on Clean Harbors from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Raymond James Financial restated a “strong-buy” rating and issued a $280.00 target price on shares of Clean Harbors in a research note on Monday, October 6th. BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the company an “outperform” rating in a research note on Thursday, July 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Clean Harbors in a research note on Friday. Finally, Oppenheimer upped their price objective on Clean Harbors from $254.00 to $256.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $262.91.

Clean Harbors Company Profile

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.