Clean Harbors, Inc. $CLH Shares Purchased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its position in Clean Harbors, Inc. (NYSE:CLH) by 45.7% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,543 shares of the business services provider’s stock after acquiring an additional 484 shares during the period. Concurrent Investment Advisors LLC’s holdings in Clean Harbors were worth $357,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Hopwood Financial Services Inc. purchased a new stake in shares of Clean Harbors in the first quarter valued at $30,000. Banque Cantonale Vaudoise acquired a new stake in Clean Harbors in the 1st quarter worth about $48,000. Quarry LP purchased a new stake in Clean Harbors in the 1st quarter valued at about $48,000. Ameritas Advisory Services LLC purchased a new stake in Clean Harbors in the 2nd quarter valued at about $48,000. Finally, Blue Trust Inc. increased its stake in shares of Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In other news, Director Andrea Robertson sold 836 shares of the stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $233.64, for a total transaction of $195,323.04. Following the transaction, the director owned 9,888 shares of the company’s stock, valued at approximately $2,310,232.32. This trade represents a 7.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Louis Battles bought 2,000 shares of Clean Harbors stock in a transaction on Friday, August 1st. The shares were purchased at an average cost of $233.50 per share, for a total transaction of $467,000.00. Following the acquisition, the chief executive officer owned 82,911 shares in the company, valued at $19,359,718.50. The trade was a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CLH. Raymond James Financial reissued a “strong-buy” rating and issued a $280.00 target price on shares of Clean Harbors in a research report on Monday, October 6th. Oppenheimer increased their price target on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. UBS Group boosted their price objective on shares of Clean Harbors from $240.00 to $245.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays assumed coverage on Clean Harbors in a report on Friday, September 19th. They set an “equal weight” rating and a $253.00 price objective for the company. Finally, BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the company an “outperform” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $262.91.

Clean Harbors Price Performance

CLH opened at $236.58 on Friday. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The firm has a market cap of $12.69 billion, a price-to-earnings ratio of 33.23 and a beta of 1.18. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $237.84 and a 200 day simple moving average of $228.20.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business posted $2.46 earnings per share. Clean Harbors’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. 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 offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.