SFE Investment Counsel Takes $1.10 Million Position in Clean Harbors, Inc. $CLH

SFE Investment Counsel acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,675 shares of the business services provider’s stock, valued at approximately $1,098,000.

A number of other hedge funds have also bought and sold shares of CLH. Elyxium Wealth LLC bought a new stake in Clean Harbors during the fourth quarter valued at $26,000. Quattro Advisors LLC bought a new position in shares of Clean Harbors in the 4th quarter worth about $26,000. MidFirst Bank acquired a new position in shares of Clean Harbors in the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust lifted its stake in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 80 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Insider Activity

In related news, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CLH has been the subject of several recent analyst reports. Citigroup raised their target price on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. UBS Group raised their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Finally, Raymond James Financial reiterated a “strong-buy” rating and set a $375.00 target price on shares of Clean Harbors in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $354.57.

Clean Harbors Stock Performance

CLH opened at $321.65 on Friday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 39.03, a PEG ratio of 2.12 and a beta of 0.86. The company’s fifty day moving average price is $301.56 and its two-hundred day moving average price is $292.36. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the company earned $2.36 earnings per share. On average, analysts expect that Clean Harbors, Inc. will post 9.51 EPS for the current fiscal year.

Clean Harbors Profile

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.