Public Employees Retirement System of Ohio acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 32,357 shares of the business services provider’s stock, valued at approximately $9,667,000.
Several other institutional investors have also recently added to or reduced their stakes in CLH. Quattro Advisors LLC acquired a new position in Clean Harbors during the fourth quarter worth $26,000. Elyxium Wealth LLC purchased a new stake in shares of Clean Harbors in the 4th quarter valued at $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Clean Harbors during the 2nd quarter worth about $36,000. Parkside Financial Bank & Trust lifted its stake in Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after acquiring an additional 80 shares in the last quarter. Finally, MidFirst Bank purchased a new position in Clean Harbors during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 90.43% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have weighed in on CLH shares. Weiss Ratings raised Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Raymond James Financial restated a “strong-buy” rating and issued a $375.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $350.00 target price on shares of Clean Harbors in a research note on Thursday, July 30th. Two 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’s stock. Based on data from MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus target price of $354.57.
Insider Activity at Clean Harbors
In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. This represents a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.00% of the stock is owned by company insiders.
Clean Harbors Price Performance
Shares of NYSE CLH opened at $314.77 on Tuesday. The stock’s 50-day moving average is $308.02 and its two-hundred day moving average is $296.81. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86.
Clean Harbors (NYSE:CLH – Get Free Report) last posted its quarterly 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 company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $2.36 EPS. Analysts forecast that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.
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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