Clean Harbors, Inc. (NYSE:CLH) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lowered its holdings in Clean Harbors, Inc. (NYSE:CLH) by 93.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 206 shares of the business services provider’s stock after selling 3,023 shares during the quarter. National Bank of Canada FI’s holdings in Clean Harbors were worth $45,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Clean Harbors during the 2nd quarter worth about $25,000. Rise Advisors LLC acquired a new stake in Clean Harbors during the first quarter worth about $27,000. GAMMA Investing LLC raised its position in Clean Harbors by 47.9% during the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after acquiring an additional 56 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in Clean Harbors in the fourth quarter valued at approximately $50,000. Finally, Blue Trust Inc. grew its stake in shares of Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Up 1.5 %

CLH opened at $243.97 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. The company’s 50 day simple moving average is $234.37 and its two-hundred day simple moving average is $216.18. The firm has a market capitalization of $13.17 billion, a price-to-earnings ratio of 35.31 and a beta of 1.20. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $247.24.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the company earned $2.13 EPS. Analysts expect that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Oppenheimer increased their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. The Goldman Sachs Group lifted their price target on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Saturday, September 7th. Finally, Needham & Company LLC boosted their price target on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Clean Harbors presently has an average rating of “Buy” and an average price target of $242.40.

About Clean Harbors

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.