Proficio Capital Partners LLC acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) during the second quarter, HoldingsChannel reports. The firm acquired 1,996 shares of the business services provider’s stock, valued at approximately $596,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Clean Harbors by 102.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after acquiring an additional 1,109 shares during the period. Jones Financial Companies Lllp raised its position 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 worth $120,000 after purchasing an additional 196 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Clean Harbors by 12.1% during the first 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 during the period. Russell Investments Group Ltd. boosted its holdings in 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 valued at $1,118,000 after purchasing an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Clean Harbors by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after purchasing an additional 60 shares during the period. 90.43% of the stock is owned by institutional investors.
Clean Harbors Trading Down 0.0%
CLH stock opened at $315.15 on Thursday. The business has a fifty day moving average price of $308.87 and a 200 day moving average price of $297.44. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $335.94. The stock has a market capitalization of $16.64 billion, a price-to-earnings ratio of 38.25, a P/E/G ratio of 2.03 and a beta of 0.85. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80.
Insider Activity
In related news, 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 transaction of $247,753.89. Following the transaction, the director owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the 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 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 position. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on CLH shares. BMO Capital Markets raised their target price on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Truist Financial increased their price objective on Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and set a $350.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Citigroup boosted their target price on shares of Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company upped their target price on shares of Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Moderate Buy” and an average target price of $354.57.
View Our Latest Research Report on Clean Harbors
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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