Benjamin Edwards Inc. decreased its position in Clean Harbors, Inc. (NYSE:CLH – Free Report) by 40.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,442 shares of the business services provider’s stock after selling 3,002 shares during the period. Benjamin Edwards Inc.’s holdings in Clean Harbors were worth $1,327,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quattro Advisors LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth about $26,000. Elyxium Wealth LLC purchased a new stake in shares of Clean Harbors during the fourth quarter worth about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Clean Harbors in the second quarter valued at approximately $36,000. Parkside Financial Bank & Trust raised its position in shares of Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after buying an additional 80 shares during the last quarter. Finally, MidFirst Bank purchased a new position in shares of Clean Harbors during the fourth quarter valued at approximately $28,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on CLH shares. The Goldman Sachs Group restated a “neutral” rating on shares of Clean Harbors in a research report on Wednesday, July 29th. BMO Capital Markets increased their price target on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 8th. Oppenheimer reissued an “outperform” rating and set a $350.00 price target on shares of Clean Harbors in a research note on Thursday, July 30th. Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Finally, Needham & Company LLC lifted their price objective on Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research report 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $354.57.
Clean Harbors Price Performance
CLH opened at $315.63 on Wednesday. The company’s 50 day simple moving average is $308.55 and its 200 day simple moving average is $297.10. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The stock has a market capitalization of $16.66 billion, a PE ratio of 38.30, a P/E/G ratio of 2.03 and a beta of 0.85.
Clean Harbors (NYSE:CLH – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. Clean Harbors’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.36 earnings per share. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 9.72 EPS for the current year.
Insiders Place Their Bets
In related news, Director Andrea Robertson sold 789 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director directly owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction on Friday, August 14th. The shares were 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 owned 56,793 shares in the company, valued at $18,249,862.62. The trade was a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is owned by company insiders.
Clean Harbors Company 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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