Clean Harbors, Inc. $CLH Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Clean Harbors, Inc. (NYSE:CLH) by 7.8% in the third quarter, HoldingsChannel.com reports. The firm owned 219,862 shares of the business services provider’s stock after purchasing an additional 15,872 shares during the quarter. JPMorgan Chase & Co.’s holdings in Clean Harbors were worth $51,059,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of Clean Harbors during the 3rd quarter valued at $30,000. Bayforest Capital Ltd acquired a new stake in shares of Clean Harbors in the third quarter valued at $44,000. First Horizon Corp bought a new position in Clean Harbors during the third quarter valued at about $44,000. SJS Investment Consulting Inc. boosted its stake in Clean Harbors by 2,985.7% during the third quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock valued at $50,000 after buying an additional 209 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Clean Harbors by 58.5% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the business services provider’s stock worth $51,000 after acquiring an additional 83 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Down 4.8%

NYSE CLH opened at $275.56 on Friday. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $298.12. The stock has a market cap of $14.58 billion, a PE ratio of 37.85 and a beta of 0.93. The firm has a 50-day simple moving average of $274.41 and a 200 day simple moving average of $246.41. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.03. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 earnings per share. On average, research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the sale, the chief executive officer owned 38,877 shares in the company, valued at $11,390,961. The trade was a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Sharon M. Gabriel sold 3,540 shares of the business’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $282.07, for a total transaction of $998,527.80. Following the completion of the sale, the executive vice president directly owned 23,193 shares in the company, valued at $6,542,049.51. This trade represents a 13.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,597 shares of company stock valued at $3,895,286 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CLH has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on shares of Clean Harbors from $291.00 to $309.00 and gave the company an “equal weight” rating in a report on Wednesday. Robert W. Baird set a $300.00 price objective on shares of Clean Harbors in a research note on Thursday, February 19th. Oppenheimer boosted their target price on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an “outperform” rating in a report on Thursday, February 19th. Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a report on Monday, December 29th. Finally, UBS Group lifted their price target on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a “neutral” rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $299.27.

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.