Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Caprock Group LLC

Caprock Group LLC raised its position in Clean Harbors, Inc. (NYSE:CLH) by 19.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,251 shares of the business services provider’s stock after acquiring an additional 202 shares during the quarter. Caprock Group LLC’s holdings in Clean Harbors were worth $283,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CLH. Norges Bank acquired a new position in Clean Harbors in the 4th quarter valued at about $87,074,000. Lazard Freres Gestion S.A.S. acquired a new position in Clean Harbors in the 2nd quarter valued at about $42,968,000. Wellington Management Group LLP grew its position in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 shares in the last quarter. DAVENPORT & Co LLC grew its position in Clean Harbors by 93.1% in the 1st quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock valued at $53,124,000 after acquiring an additional 127,498 shares in the last quarter. Finally, Spirepoint Private Client LLC acquired a new position in Clean Harbors in the 1st quarter valued at about $16,594,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CLH has been the subject of several research reports. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th. Stifel Nicolaus restated a “buy” rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Robert W. Baird boosted their target price on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Oppenheimer boosted their target price on Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Needham & Company LLC boosted their target price on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $242.40.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $243.81 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $247.24. The stock has a 50 day moving average of $234.37 and a two-hundred day moving average of $215.70. The stock has a market cap of $13.16 billion, a P/E ratio of 35.28 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.13 earnings per share. On average, research analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

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.