Access Financial Services Inc. Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

Access Financial Services Inc. acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,552 shares of the business services provider's stock, valued at approximately $897,000.

Other institutional investors have also recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors during the 4th quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after buying an additional 159 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after buying an additional 103 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Clean Harbors during the 4th quarter valued at about $56,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CLH has been the subject of several research reports. Needham & Company LLC reduced their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Robert W. Baird lifted their price target on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Oppenheimer reduced their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus cut their price objective on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $257.67.

Clean Harbors Stock Down 0.4%

Shares of CLH stock opened at $226.64 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock's 50 day simple moving average is $218.73 and its 200 day simple moving average is $221.73. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 30.54 and a beta of 1.17. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS. As a group, research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 836 shares of Clean Harbors stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total value of $189,078.12. Following the transaction, the director now directly owns 11,871 shares of the company's stock, valued at $2,684,864.07. The trade was a 6.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Alison A. Quirk sold 893 shares of Clean Harbors stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total value of $199,755.17. Following the completion of the transaction, the director now directly owns 2,978 shares in the company, valued at approximately $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,077 shares of company stock valued at $2,726,945 in the last three months. Company insiders own 5.60% of the company's stock.

Clean Harbors Company 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.

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