Blue Trust Inc. Increases Position in Clean Harbors, Inc. (NYSE:CLH)

Blue Trust Inc. boosted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 19.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 381 shares of the business services provider’s stock after purchasing an additional 61 shares during the period. Blue Trust Inc.’s holdings in Clean Harbors were worth $86,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CLH. Moody National Bank Trust Division boosted its stake in shares of Clean Harbors by 1.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock valued at $1,095,000 after buying an additional 47 shares during the last quarter. Quent Capital LLC raised its holdings in Clean Harbors by 6.9% in the second quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 47 shares in the last quarter. Fifth Third Bancorp boosted its stake in Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 50 shares during the last quarter. MJP Associates Inc. ADV grew its holdings in Clean Harbors by 1.1% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after acquiring an additional 51 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its position in shares of Clean Harbors by 1.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 6,864 shares of the business services provider’s stock worth $1,552,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the transaction, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the sale, the director now owns 13,150 shares of the company’s stock, valued at $3,428,731. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock worth $2,613,132 in the last three months. 5.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CLH has been the subject of a number of research reports. StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price target (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Oppenheimer raised their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Needham & Company LLC boosted their target price on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group increased their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors has a consensus rating of “Buy” and a consensus price target of $250.89.

Clean Harbors Stock Up 2.6 %

CLH stock opened at $263.21 on Wednesday. The stock has a market cap of $14.20 billion, a PE ratio of 38.09 and a beta of 1.20. The firm’s 50-day simple moving average is $247.00 and its 200 day simple moving average is $228.94. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results 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 for 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 business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 earnings per share. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.65 EPS 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.