Bell Asset Management Ltd Has $6.02 Million Stock Holdings in Clean Harbors, Inc. $CLH

Bell Asset Management Ltd lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 31.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,059 shares of the business services provider’s stock after selling 12,069 shares during the quarter. Clean Harbors accounts for approximately 1.3% of Bell Asset Management Ltd’s investment portfolio, making the stock its 22nd largest position. Bell Asset Management Ltd’s holdings in Clean Harbors were worth $6,024,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CLH. Allworth Financial LP grew its holdings in Clean Harbors by 22.8% during the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock worth $54,000 after acquiring an additional 43 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Clean Harbors by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider’s stock worth $3,636,000 after purchasing an additional 48 shares during the last quarter. MAI Capital Management grew its stake in shares of Clean Harbors by 6.1% in the second quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock worth $194,000 after purchasing an additional 48 shares during the last quarter. Atticus Wealth Management LLC increased its holdings in Clean Harbors by 13.9% in the second quarter. Atticus Wealth Management LLC now owns 532 shares of the business services provider’s stock valued at $123,000 after purchasing an additional 65 shares during the period. Finally, ProShare Advisors LLC raised its position in Clean Harbors by 3.5% during the 2nd quarter. ProShare Advisors LLC now owns 2,233 shares of the business services provider’s stock worth $516,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on CLH shares. UBS Group reduced their price target on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a report on Tuesday. Oppenheimer restated an “outperform” rating and set a $237.00 price target on shares of Clean Harbors in a report on Thursday, October 30th. Barclays dropped their price target on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Finally, Wells Fargo & Company assumed coverage on shares of Clean Harbors in a research report on Thursday, November 13th. They set an “equal weight” rating and a $220.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average target price of $255.25.

Clean Harbors Stock Performance

Shares of CLH stock opened at $227.38 on Thursday. The firm has a 50 day moving average of $225.08 and a 200-day moving average of $230.65. The company has a market cap of $12.15 billion, a price-to-earnings ratio of 31.54 and a beta of 1.16. The company has a quick ratio of 2.07, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $263.43.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.16). Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. During the same period in the prior year, the company earned $2.12 earnings per share. The firm’s revenue was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current 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.