Cooper Investors PTY Ltd. Grows Position in Clean Harbors, Inc. $CLH

Key Points

• Cooper Investors PTY Ltd. increased its stake in Clean Harbors, Inc. by 12.3% during Q2, now owning approximately 0.05% of the company, valued at $6.36 million.
• Other institutional investors also raised their holdings, with Wellington Management Group growing by 30.9% and UBS AM increasing by 127.6%, reflecting significant interest in the company.
• Clean Harbors reported $2.36 EPS for Q2, exceeding analysts' expectations, even as revenue slightly declined by 0.2% year-over-year.

Cooper Investors PTY Ltd. boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 12.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,522 shares of the business services provider's stock after purchasing an additional 3,023 shares during the quarter. Cooper Investors PTY Ltd. owned approximately 0.05% of Clean Harbors worth $6,363,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP grew its holdings in shares of Clean Harbors by 30.9% during the first quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider's stock worth $1,043,407,000 after buying an additional 1,249,704 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Clean Harbors by 127.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 899,566 shares of the business services provider's stock valued at $177,304,000 after acquiring an additional 504,290 shares during the last quarter. Impax Asset Management Group plc lifted its stake in Clean Harbors by 11.1% in the 1st quarter. Impax Asset Management Group plc now owns 483,253 shares of the business services provider's stock worth $94,002,000 after purchasing an additional 48,447 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Clean Harbors by 2.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 456,426 shares of the business services provider's stock valued at $89,962,000 after purchasing an additional 11,465 shares in the last quarter. Finally, DAVENPORT & Co LLC increased its holdings in shares of Clean Harbors by 32.0% in the first quarter. DAVENPORT & Co LLC now owns 448,677 shares of the business services provider's stock valued at $88,446,000 after purchasing an additional 108,779 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

Shares of CLH opened at $237.36 on Friday. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The stock has a 50-day simple moving average of $238.12 and a 200-day simple moving average of $222.82. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. The stock has a market capitalization of $12.73 billion, a PE ratio of 33.34 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.59 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The company's revenue for the quarter was down .2% on a year-over-year basis. During the same period in the previous year, the company earned $2.46 EPS. On average, analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, Director Andrea Robertson sold 836 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $233.64, for a total value of $195,323.04. Following the completion of the sale, the director directly owned 9,888 shares of the company's stock, valued at approximately $2,310,232.32. The trade was a 7.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Louis Battles purchased 2,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $233.50 per share, with a total value of $467,000.00. Following the purchase, the chief executive officer owned 82,911 shares in the company, valued at $19,359,718.50. This trade represents 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 Upgrades and Downgrades

Several analysts have issued reports on the company. Oppenheimer upped their target price on Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. BMO Capital Markets set a $268.00 price objective on shares of Clean Harbors and gave the company an "outperform" rating in a report on Thursday, July 31st. UBS Group raised their price objective on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial boosted their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Clean Harbors currently has an average rating of "Moderate Buy" and a consensus target price of $263.40.

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.

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