D L Carlson Investment Group Inc. Acquires Shares of 19,325 Clean Harbors, Inc. $CLH

Key Points

• D L Carlson Investment Group acquired 19,325 Clean Harbors shares worth approximately $5.77 million, making CLH its 26th-largest portfolio holding. Institutional investors collectively own 90.43% of the company.
• Analysts maintain a favorable outlook, with Clean Harbors receiving a consensus “Moderate Buy” rating and an average price target of $354.57. Several firms recently raised their targets, including Needham to $390 and TD Cowen to $380.
• Clean Harbors reported quarterly earnings of $3.22 per share, beating estimates by $0.41, while revenue rose 11.9% year over year to $1.74 billion. The stock opened at $322.60, near its 12-month high of $335.94, while insiders have sold 4,078 shares worth about $1.28 million over the past 90 days.

D L Carlson Investment Group Inc. acquired a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 19,325 shares of the business services provider's stock, valued at approximately $5,773,000. Clean Harbors makes up 0.9% of D L Carlson Investment Group Inc.'s investment portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of CLH. Integrated Wealth Concepts LLC raised its stake in Clean Harbors by 102.9% in the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider's stock worth $431,000 after buying an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Clean Harbors by 47.7% during the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider's stock valued at $120,000 after acquiring an additional 196 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Clean Harbors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider's stock worth $10,757,000 after acquiring an additional 5,884 shares during the period. Russell Investments Group Ltd. raised its position in shares of Clean Harbors by 65.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider's stock worth $1,118,000 after acquiring an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Clean Harbors by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider's stock worth $1,021,000 after acquiring an additional 60 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLH has been the topic of several research reports. TD Cowen lifted their price target on Clean Harbors from $335.00 to $380.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Bank of America set a $377.00 target price on shares of Clean Harbors and gave the company a "buy" rating in a report on Thursday, July 30th. Stifel Nicolaus upped their target price on shares of Clean Harbors from $337.00 to $364.00 and gave the stock a "buy" rating in a research report on Thursday, July 30th. Needham & Company LLC increased their price target on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Barclays lifted their price target on shares of Clean Harbors from $305.00 to $325.00 and gave the company an "equal weight" rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, Clean Harbors currently has an average rating of "Moderate Buy" and a consensus target price of $354.57.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 789 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the sale, the director owned 11,359 shares in the company, valued at $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction 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 approximately $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 4,078 shares of company stock valued at $1,276,908. 5.00% of the stock is owned by insiders.

Clean Harbors Stock Down 0.8%

Shares of NYSE:CLH opened at $322.60 on Friday. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $304.58 and a two-hundred day simple moving average of $294.40. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The stock has a market capitalization of $17.03 billion, a price-to-earnings ratio of 39.15, a PEG ratio of 2.14 and a beta of 0.86.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $2.36 earnings per share. On average, research analysts anticipate that Clean Harbors, Inc. will post 9.51 earnings per share for the current fiscal year.

Clean Harbors 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.

Want to see what other hedge funds are holding CLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Harbors, Inc. (NYSE:CLH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source