Sowell Financial Services LLC Acquires New Holdings in Clean Harbors, Inc. $CLH

Sowell Financial Services LLC bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,046 shares of the business services provider’s stock, valued at approximately $242,000.

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

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 836 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $233.64, for a total value of $195,323.04. Following the transaction, the director directly owned 9,888 shares in the company, valued at approximately $2,310,232.32. This trade represents a 7.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Louis Battles bought 2,000 shares of the stock in a transaction dated Friday, August 1st. The stock was purchased at an average cost of $233.50 per share, with a total value of $467,000.00. Following the completion of the purchase, the chief executive officer directly owned 82,911 shares in the company, valued at approximately $19,359,718.50. This trade represents a 2.47% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Raymond James Financial raised 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 report on Thursday, July 31st. UBS Group lifted their target price 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. Barclays began coverage on shares of Clean Harbors in a research note on Friday, September 19th. They issued an “equal weight” rating and a $253.00 target price on the stock. Oppenheimer upped their price objective on Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the stock an “outperform” rating in a report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from 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 CLH stock opened at $231.72 on Friday. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The stock has a market capitalization of $12.43 billion, a PE ratio of 32.55 and a beta of 1.22. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. The stock’s fifty day moving average is $238.64 and its 200-day moving average is $224.37.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, topping 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 firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the firm earned $2.46 EPS. The company’s revenue was down .2% on a year-over-year basis. Equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.