UMB Bank n.a. Buys 178 Shares of Clean Harbors, Inc. $CLH

UMB Bank n.a. boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 51.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 527 shares of the business services provider’s stock after purchasing an additional 178 shares during the period. UMB Bank n.a.’s holdings in Clean Harbors were worth $122,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CLH. Hopwood Financial Services Inc. bought a new position in shares of Clean Harbors during the first quarter worth about $30,000. Banque Cantonale Vaudoise acquired a new position in Clean Harbors during the 1st quarter worth approximately $48,000. Quarry LP bought a new position in shares of Clean Harbors during the 1st quarter worth approximately $48,000. Blue Trust Inc. raised its holdings in shares of Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 56 shares during the last quarter. Finally, Horizon Investments LLC raised its holdings in shares of Clean Harbors by 42.0% in the first quarter. Horizon Investments LLC now owns 284 shares of the business services provider’s stock valued at $56,000 after purchasing an additional 84 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In related news, Director Andrea Robertson sold 836 shares of Clean Harbors stock in a transaction dated 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 owned 9,888 shares of the company’s stock, valued at approximately $2,310,232.32. The trade was a 7.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Louis Battles purchased 2,000 shares of the stock in a transaction on Friday, August 1st. The stock was bought at an average cost of $233.50 per share, for a total transaction 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 trade 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 owned by insiders.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $233.23 on Thursday. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average price is $238.51 and its two-hundred day moving average price is $223.80. The company has a market cap of $12.51 billion, a PE ratio of 32.76 and a beta of 1.22. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month 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, topping the consensus estimate of $2.33 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.46 EPS. On average, analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CLH. Raymond James Financial raised their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the company a “strong-buy” rating in a research report on Thursday, July 31st. Barclays assumed coverage on Clean Harbors in a report on Friday, September 19th. They issued an “equal weight” rating and a $253.00 price objective for the company. UBS Group upped their target price on Clean Harbors from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Oppenheimer boosted their price target on Clean Harbors from $254.00 to $256.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $262.45.

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.