Global Retirement Partners LLC Invests $827,000 in Clean Harbors, Inc. $CLH

Global Retirement Partners LLC bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,769 shares of the business services provider’s stock, valued at approximately $827,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its position in Clean Harbors by 94.4% in the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock valued at $4,874,000 after buying an additional 8,252 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in Clean Harbors in the fourth quarter valued at approximately $938,000. Swedbank AB boosted its holdings in shares of Clean Harbors by 7.1% during the 4th quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock worth $35,172,000 after buying an additional 10,000 shares during the period. New York Life Investment Management LLC acquired a new stake in shares of Clean Harbors in the fourth quarter worth $1,065,000. Finally, Janus Henderson Group PLC boosted its stake in Clean Harbors by 10.0% during the fourth quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after buying an additional 215,659 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was 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 of the company’s stock, valued at $18,249,862.62. This represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction dated 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 in the company, valued at $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,078 shares of company stock valued at $1,276,908. Corporate insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CLH. Citigroup raised their price objective on shares of Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and issued a $350.00 price target on shares of Clean Harbors in a research report on Thursday, July 30th. Bank of America set a $377.00 price objective on Clean Harbors and gave the company a “buy” rating in a report on Thursday, July 30th. Wells Fargo & Company increased their target price on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Finally, Wall Street Zen upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.57.

Clean Harbors Price Performance

NYSE:CLH opened at $319.75 on Wednesday. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $335.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The firm’s 50-day simple moving average is $303.16 and its 200 day simple moving average is $293.49. The firm has a market cap of $16.88 billion, a price-to-earnings ratio of 38.81, a P/E/G ratio of 2.12 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.36 EPS. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 9.51 earnings per share for the current year.

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.