Proficio Capital Partners LLC Acquires Shares of 1,996 Clean Harbors, Inc. $CLH

Proficio Capital Partners LLC bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLHFree Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,996 shares of the business services provider’s stock, valued at approximately $596,000.

A number of other hedge funds also recently made changes to their positions in the business. Integrated Wealth Concepts LLC increased its holdings in 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 buying an additional 1,109 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after acquiring an additional 196 shares during the last quarter. 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 valued at $10,757,000 after acquiring an additional 5,884 shares during the period. Russell Investments Group Ltd. grew its position in shares of Clean Harbors by 65.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after acquiring an additional 1,908 shares during the period. Finally, Baird Financial Group Inc. increased its stake in shares of Clean Harbors by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after purchasing an additional 60 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Down 0.6%

CLH opened at $311.88 on Friday. The company has a 50 day moving average of $307.08 and a 200 day moving average of $296.18. The company has a market cap of $16.46 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 2.02 and a beta of 0.86. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94. 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 (NYSE:CLHGet Free Report) last issued its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.36 EPS. On average, sell-side analysts expect that Clean Harbors, Inc. will post 9.72 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the transaction, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the sale, the director owned 8,979 shares in the company, valued at approximately $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CLH. Stifel Nicolaus lifted their price target on shares of Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Needham & Company LLC raised their target price on Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Citigroup upped their price target on Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Barclays lifted their price objective on Clean Harbors from $305.00 to $325.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $354.57.

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Clean Harbors Profile

(Free Report)

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

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