Clean Harbors, Inc. $CLH Shares Sold by Spirepoint Private Client LLC

Spirepoint Private Client LLC decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,120 shares of the business services provider’s stock after selling 445 shares during the quarter. Clean Harbors accounts for approximately 2.8% of Spirepoint Private Client LLC’s portfolio, making the stock its 6th largest position. Spirepoint Private Client LLC owned about 0.20% of Clean Harbors worth $25,226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CLH. Hopwood Financial Services Inc. acquired a new position in Clean Harbors during the 1st quarter worth about $30,000. Banque Cantonale Vaudoise purchased a new stake in Clean Harbors during the first quarter worth about $48,000. Quarry LP acquired a new stake in shares of Clean Harbors during the first quarter worth about $48,000. Blue Trust Inc. boosted its stake 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 period. Finally, Horizon Investments LLC boosted its stake 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 period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CLH. Raymond James Financial upped 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. BMO Capital Markets set a $268.00 price objective on Clean Harbors and gave the stock an “outperform” rating in a research report on Thursday, July 31st. UBS Group increased their price objective on Clean Harbors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Barclays began coverage on Clean Harbors in a report on Friday, September 19th. They issued an “equal weight” rating and a $253.00 target price for the company. Finally, Oppenheimer upped their price target on Clean Harbors from $254.00 to $256.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $262.45.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $231.72 on Friday. The stock’s 50-day simple moving average is $238.64 and its 200-day simple moving average is $224.37. The firm has a market capitalization of $12.43 billion, a PE ratio of 32.55 and a beta of 1.22. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results 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 firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the company posted $2.46 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, 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 value of $195,323.04. Following the completion of the transaction, the director owned 9,888 shares in the company, valued at $2,310,232.32. This represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael Louis Battles bought 2,000 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were purchased at an average price of $233.50 per share, for a total transaction of $467,000.00. Following the transaction, the chief executive officer directly owned 82,911 shares of the company’s stock, valued at approximately $19,359,718.50. This represents a 2.47% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company’s stock.

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.