Petrus Trust Company LTA Purchases 2,189 Shares of Clean Harbors, Inc. $CLH

Key Points

• Petrus Trust Company LTA increased its holdings in Clean Harbors, Inc. by 222.9%, acquiring an additional 2,189 shares to total 3,171 shares valued at approximately $625,000.
• CEO Michael Louis Battles purchased 2,000 shares of Clean Harbors at an average price of $233.50 per share, increasing his ownership to 82,911 shares valued at around $19.36 million.
• Analyst ratings for Clean Harbors are positive, with a consensus target price of $263.40 and a "Moderate Buy" rating, reflecting one Strong Buy, seven Buy, and two Hold ratings from research analysts.

Petrus Trust Company LTA boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 222.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,171 shares of the business services provider's stock after acquiring an additional 2,189 shares during the period. Petrus Trust Company LTA's holdings in Clean Harbors were worth $625,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new position in Clean Harbors during the first quarter valued at approximately $30,000. Banque Cantonale Vaudoise purchased a new position in Clean Harbors in the 1st quarter worth approximately $48,000. Quarry LP purchased a new position in Clean Harbors in the 1st quarter worth approximately $48,000. Blue Trust Inc. grew its stake in Clean Harbors by 25.8% in the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after buying an additional 56 shares in the last quarter. Finally, Horizon Investments LLC grew its stake in Clean Harbors by 42.0% in the 1st quarter. Horizon Investments LLC now owns 284 shares of the business services provider's stock worth $56,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Insiders Place Their Bets

In other Clean Harbors news, CEO Michael Louis Battles acquired 2,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was bought 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 of the company's stock, valued at approximately $19,359,718.50. This trade represents a 2.47% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Andrea Robertson sold 836 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $233.64, for a total transaction of $195,323.04. Following the sale, the director owned 9,888 shares of the company's stock, valued at $2,310,232.32. This represents a 7.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by corporate insiders.

Clean Harbors Trading Down 1.5%

Shares of Clean Harbors stock traded down $3.49 during trading on Friday, reaching $235.01. The company's stock had a trading volume of 55,446 shares, compared to its average volume of 410,572. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a market cap of $12.60 billion, a price-to-earnings ratio of 33.01 and a beta of 1.22. The firm's 50-day moving average is $237.78 and its two-hundred day moving average is $221.98. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02.

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Oppenheimer boosted their price target on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. UBS Group boosted their price target on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Raymond James Financial boosted their price target 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, July 31st. Finally, BMO Capital Markets set a $268.00 price target on shares of Clean Harbors and gave the stock an "outperform" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $263.40.

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.