Jupiter Topco LLC acquired a new stake in Clean Harbors, Inc. (NYSE:CLH – Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,598,574 shares of the business services provider’s stock, valued at approximately $477,570,000. Jupiter Topco LLC owned about 3.03% of Clean Harbors at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of CLH. Integrated Wealth Concepts LLC increased its stake in shares of Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after purchasing an additional 1,109 shares during the period. Jones Financial Companies Lllp boosted its holdings in Clean Harbors by 47.7% in the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 196 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Clean Harbors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after purchasing an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Clean Harbors by 65.1% during the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock worth $1,118,000 after purchasing an additional 1,908 shares during the period. Finally, Baird Financial Group Inc. raised its position in shares of Clean Harbors by 1.4% in the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after buying an additional 60 shares in the last quarter. 90.43% of the stock is owned by institutional investors.
Clean Harbors Stock Down 1.5%
CLH stock opened at $309.08 on Wednesday. The stock has a market capitalization of $16.32 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 2.02 and a beta of 0.86. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94. The firm has a 50-day moving average price of $306.11 and a 200-day moving average price of $295.50.
Insider Buying and Selling at Clean Harbors
In related news, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the sale, the director owned 8,979 shares in the company, valued at $2,819,495.79. The trade was a 8.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the transaction, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at approximately $18,249,862.62. The trade was a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 5.00% of the company’s stock.
Analyst Ratings Changes
Several brokerages recently issued reports on CLH. Raymond James Financial reiterated a “strong-buy” rating and issued a $375.00 price target on shares of Clean Harbors in a research note on Thursday, July 30th. Needham & Company LLC upped their target price on Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Wells Fargo & Company increased their target price on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Bank of America set a $377.00 price target on Clean Harbors and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Oppenheimer reissued an “outperform” rating and issued a $350.00 target price on shares of Clean Harbors in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $354.57.
Clean Harbors Profile
Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.
Founded in 1980 by Alan S.
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