Pacific Capital Partners Ltd purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 52,500 shares of the business services provider's stock, valued at approximately $10,348,000. Clean Harbors accounts for 6.5% of Pacific Capital Partners Ltd's investment portfolio, making the stock its 3rd largest holding. Pacific Capital Partners Ltd owned 0.10% of Clean Harbors as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. boosted its stake in Clean Harbors by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock valued at $913,000 after acquiring an additional 122 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in Clean Harbors by 16.2% during the first quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock worth $209,000 after acquiring an additional 148 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Clean Harbors by 18.6% in the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider's stock worth $1,638,000 after buying an additional 1,301 shares during the last quarter. Deutsche Bank AG grew its position in Clean Harbors by 1.0% during the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after buying an additional 56 shares during the period. Finally, Ritholtz Wealth Management bought a new position in shares of Clean Harbors in the first quarter worth approximately $202,000. Institutional investors and hedge funds own 90.43% of the company's stock.
Clean Harbors Price Performance
NYSE CLH traded down $1.66 during trading hours on Friday, reaching $234.15. The company's stock had a trading volume of 503,299 shares, compared to its average volume of 425,137. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.98 and a current ratio of 2.45. The company's 50-day moving average is $229.21 and its two-hundred day moving average is $220.23. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The stock has a market cap of $12.55 billion, a PE ratio of 32.89 and a beta of 1.16.
Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.33 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%. The firm's quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company earned $2.46 EPS. Analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.
Insiders Place Their Bets
In related news, insider Robert Speights sold 1,022 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total transaction of $233,516.78. Following the completion of the transaction, the insider owned 16,310 shares in the company, valued at $3,726,671.90. The trade was a 5.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian P. Weber sold 3,035 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the transaction, the executive vice president owned 54,548 shares of the company's stock, valued at $12,391,669.16. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,112 shares of company stock worth $3,416,406. Corporate insiders own 5.60% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have commented on CLH shares. Raymond James Financial lifted their price objective on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research note on Thursday. Robert W. Baird lifted their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Oppenheimer upped their price target on Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a report on Thursday. Finally, UBS Group increased their price objective on Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $263.40.
View Our Latest Analysis on Clean Harbors
About Clean Harbors
(
Free Report)
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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