Bell Asset Management Ltd Has $4.62 Million Stock Holdings in Clean Harbors, Inc. $CLH

Bell Asset Management Ltd reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 23.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,885 shares of the business services provider’s stock after selling 6,174 shares during the quarter. Clean Harbors comprises about 1.3% of Bell Asset Management Ltd’s portfolio, making the stock its 24th biggest position. Bell Asset Management Ltd’s holdings in Clean Harbors were worth $4,618,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new position in shares of Clean Harbors during the third quarter worth approximately $30,000. Golden State Wealth Management LLC grew its position in Clean Harbors by 145.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 109 shares during the period. Bayforest Capital Ltd acquired a new stake in Clean Harbors in the 3rd quarter valued at $44,000. First Horizon Corp bought a new stake in Clean Harbors during the 3rd quarter valued at $44,000. Finally, SJS Investment Consulting Inc. increased its stake in Clean Harbors by 2,985.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 209 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Insider Activity

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of Clean Harbors stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the transaction, the chief executive officer owned 50,454 shares of the company’s stock, valued at $12,154,368.60. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $281.31, for a total value of $784,292.28. Following the completion of the transaction, the chief financial officer owned 15,933 shares in the company, valued at $4,482,112.23. The trade was a 14.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 7,679 shares of company stock valued at $2,132,403. 5.60% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on CLH shares. TD Cowen reaffirmed a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. CJS Securities raised shares of Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Citigroup raised their price target on shares of Clean Harbors from $274.00 to $302.00 and gave the company a “neutral” rating in a research report on Friday, February 20th. Finally, BMO Capital Markets lifted their price target on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $292.18.

Clean Harbors Price Performance

CLH opened at $282.97 on Monday. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $298.12. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The company has a market capitalization of $14.97 billion, a price-to-earnings ratio of 38.87 and a beta of 0.92. The firm’s fifty day moving average price is $265.39 and its two-hundred day moving average price is $243.40.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $1.55 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.