HighTower Advisors LLC Has $842,000 Holdings in Clean Harbors, Inc. $CLH

HighTower Advisors LLC cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 46.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,274 shares of the business services provider’s stock after selling 3,739 shares during the period. HighTower Advisors LLC’s holdings in Clean Harbors were worth $842,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of 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 worth $913,000 after acquiring an additional 122 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake 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 acquiring an additional 148 shares during the last quarter. Janney Montgomery Scott LLC raised its stake 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 acquiring an additional 1,301 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Clean Harbors by 1.0% in the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock worth $1,333,000 after acquiring an additional 56 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of Clean Harbors in the first quarter worth about $202,000. 90.43% of the stock is owned by institutional investors.

Insider Transactions at Clean Harbors

In other news, CEO Michael Louis Battles bought 2,000 shares of the stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $233.50 per share, with a total value of $467,000.00. Following the completion of 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Andrea Robertson sold 836 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 9,888 shares of the company’s stock, valued at $2,310,232.32. The trade was a 7.80% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,840 shares of company stock valued at $2,903,497. Corporate insiders own 5.60% of the company’s stock.

Clean Harbors Trading Up 0.7%

CLH opened at $245.99 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 34.55 and a beta of 1.18. The firm has a 50 day simple moving average of $235.60 and a 200 day simple moving average of $220.88. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm earned $2.46 earnings per share. The business’s quarterly 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Raymond James Financial boosted their target price 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. Needham & Company LLC dropped their price target on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. 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. 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. Finally, 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. One equities research 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. According to data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus price target of $263.40.

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.