Ballentine Partners LLC Invests $204,000 in Clean Harbors, Inc. $CLH

Ballentine Partners LLC purchased a new position in Clean Harbors, Inc. (NYSE:CLH) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 884 shares of the business services provider’s stock, valued at approximately $204,000.

Several other large investors have also recently made changes to their positions in the stock. Hopwood Financial Services Inc. purchased a new position in Clean Harbors during the 1st quarter worth $30,000. Banque Cantonale Vaudoise purchased a new position in Clean Harbors during the 1st quarter worth $48,000. Quarry LP purchased a new position in Clean Harbors during the 1st quarter worth $48,000. Blue Trust Inc. grew its stake in Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock worth $54,000 after buying an additional 56 shares during the last quarter. Finally, Horizon Investments LLC grew its stake in Clean Harbors by 42.0% during the 1st 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 owned by institutional investors.

Insider Transactions at Clean Harbors

In other news, Director Andrea Robertson sold 836 shares of the company’s stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $233.64, for a total value of $195,323.04. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael Louis Battles bought 2,000 shares of the stock in a transaction dated Friday, August 1st. The stock was bought at an average price of $233.50 per share, for a total transaction of $467,000.00. Following the purchase, the chief executive officer directly owned 82,911 shares of the company’s stock, valued at approximately $19,359,718.50. The trade was 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 corporate insiders.

Clean Harbors Stock Up 0.6%

Shares of CLH opened at $233.30 on Tuesday. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. 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 company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 32.77 and a beta of 1.22. The stock’s 50-day moving average price is $238.77 and its 200-day moving average price is $225.10.

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 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 for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. On average, sell-side analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Raymond James Financial boosted their target price on Clean Harbors from $278.00 to $280.00 and gave the stock a “strong-buy” rating in a research note on Thursday, July 31st. Barclays assumed coverage on Clean Harbors in a research note on Friday, September 19th. They set an “equal weight” rating and a $253.00 target price on the stock. Oppenheimer boosted their target price on Clean Harbors from $254.00 to $256.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. UBS Group boosted their target price on Clean Harbors from $220.00 to $240.00 and gave the stock a “neutral” 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 research note 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 issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $262.45.

Clean Harbors 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.