JPMorgan Chase & Co. Grows Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

JPMorgan Chase & Co. lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 187,905 shares of the business services provider’s stock after acquiring an additional 168 shares during the period. JPMorgan Chase & Co. owned approximately 0.35% of Clean Harbors worth $45,419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CLH. UMB Bank n.a. raised its stake in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in shares of Clean Harbors in the 3rd quarter valued at $56,000. Brown Brothers Harriman & Co. purchased a new stake in Clean Harbors during the second quarter worth $56,000. CENTRAL TRUST Co raised its holdings in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after acquiring an additional 87 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $231.77 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The stock has a market capitalization of $12.49 billion, a price-to-earnings ratio of 30.18 and a beta of 1.24. The business has a 50-day moving average of $245.42 and a 200 day moving average of $240.76. Clean Harbors, Inc. has a 12 month low of $161.39 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.68 earnings per share. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on CLH shares. Stifel Nicolaus lifted their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Oppenheimer increased their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. TD Cowen assumed coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. Robert W. Baird dropped their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Finally, Needham & Company LLC cut their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $271.00.

Insider Buying and Selling

In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the sale, the director now directly owns 12,534 shares of the company’s stock, valued at approximately $3,071,582.04. This represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the sale, the chief executive officer now directly owns 55,657 shares of the company’s stock, valued at $13,937,625.94. The trade was a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,446 shares of company stock worth $2,119,483 over the last 90 days. 5.90% of the stock is owned by insiders.

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.