UniSuper Management Pty Ltd Takes Position in Clean Harbors, Inc. $CLH

Key Points

• UniSuper Management has acquired 9,045 shares of Clean Harbors, Inc. (NYSE: CLH), valuing the stake at approximately $1.783 million.
• Wall Street analysts have issued optimistic price targets for Clean Harbors, with firms like Raymond James and Oppenheimer raising their targets and providing strong buy ratings.
• Clean Harbors reported earnings of $2.36 per share, exceeding estimates, although its revenue fell slightly year-over-year to $1.55 billion.

UniSuper Management Pty Ltd acquired a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,045 shares of the business services provider's stock, valued at approximately $1,783,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CLH. Cambridge Investment Research Advisors Inc. boosted its holdings in Clean Harbors by 2.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock valued at $913,000 after purchasing an additional 122 shares during the period. Concurrent Investment Advisors LLC raised its position in shares of Clean Harbors by 16.2% in the first quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock worth $209,000 after buying an additional 148 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of 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 in the last quarter. Tribune Investment Group LP bought a new stake in Clean Harbors during the first quarter valued at $12,812,000. Finally, 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 worth $1,333,000 after buying an additional 56 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Raymond James Financial lifted their price target on Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. Oppenheimer lifted their target price on shares of Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a research 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 company a "neutral" rating in a research report 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 given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $263.40.

Clean Harbors Stock Performance

Shares of CLH opened at $235.00 on Thursday. The business has a 50-day simple moving average of $237.69 and a two-hundred day simple moving average of $221.80. 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, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The stock has a market cap of $12.60 billion, a price-to-earnings ratio of 33.01 and a beta of 1.22.

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 return on equity of 14.82% and a net margin of 6.48%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company posted $2.46 EPS. The firm's revenue was down .2% on a year-over-year basis. On average, analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling

In related news, Director Andrea Robertson sold 836 shares of Clean Harbors stock in a transaction that occurred on Thursday, July 31st. The stock was 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 approximately $2,310,232.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Louis Battles acquired 2,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were bought at an average cost of $233.50 per share, with a total value of $467,000.00. Following the completion of the acquisition, the chief executive officer owned 82,911 shares in the company, valued at approximately $19,359,718.50. This represents a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by insiders.

About Clean Harbors

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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