Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Clean Harbors, Inc. (NYSE:CLH – Get Rating) by 8.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,737 shares of the business services provider's stock after acquiring an additional 1,831 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in Clean Harbors were worth $2,762,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC acquired a new position in Clean Harbors during the fourth quarter valued at approximately $27,000. UMB Bank N A MO lifted its position in Clean Harbors by 656.3% during the first quarter. UMB Bank N A MO now owns 242 shares of the business services provider's stock valued at $27,000 after buying an additional 210 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in Clean Harbors during the first quarter valued at approximately $29,000. Huntington National Bank lifted its position in Clean Harbors by 153.9% during the first quarter. Huntington National Bank now owns 391 shares of the business services provider's stock valued at $44,000 after buying an additional 237 shares in the last quarter. Finally, Quent Capital LLC purchased a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $50,000. 88.85% of the stock is owned by institutional investors and hedge funds.
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Insider Buying and Selling at Clean Harbors
In other Clean Harbors news, Director Andrea Robertson sold 1,095 shares of the business's stock in a transaction on Friday, August 5th. The shares were sold at an average price of $106.37, for a total transaction of $116,475.15. Following the completion of the sale, the director now owns 10,719 shares in the company, valued at $1,140,180.03. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 6.60% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
CLH has been the topic of a number of analyst reports. DA Davidson lifted their price objective on shares of Clean Harbors to $150.00 in a research note on Tuesday, August 9th. Raymond James lifted their price objective on shares of Clean Harbors from $135.00 to $145.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 4th. Stifel Nicolaus lifted their price objective on shares of Clean Harbors from $127.00 to $145.00 and gave the company a "buy" rating in a research note on Friday, September 2nd. BMO Capital Markets lifted their price target on shares of Clean Harbors from $104.00 to $124.00 and gave the stock an "outperform" rating in a research note on Thursday, August 4th. Finally, Needham & Company LLC lifted their price target on shares of Clean Harbors from $125.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday, August 4th. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $137.38.
Clean Harbors Stock Up 2.8 %
CLH stock opened at $119.62 on Thursday. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.94 and a quick ratio of 1.66. Clean Harbors, Inc. has a 1-year low of $81.56 and a 1-year high of $124.33. The firm has a fifty day moving average price of $103.69 and a two-hundred day moving average price of $100.45. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 21.21 and a beta of 1.43.
Clean Harbors (NYSE:CLH – Get Rating) last released its earnings results on Wednesday, August 3rd. The business services provider reported $2.44 earnings per share for the quarter, beating the consensus estimate of $1.53 by $0.91. Clean Harbors had a net margin of 6.70% and a return on equity of 18.40%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. The firm's revenue for the quarter was up 46.8% compared to the same quarter last year. Research analysts predict that Clean Harbors, Inc. will post 6.53 EPS for the current year.
Clean Harbors Profile
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Clean Harbors, Inc provides environmental and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.
Further Reading
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