Clean Harbors, Inc. $CLH Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,499 shares of the business services provider’s stock after selling 385 shares during the period. Yousif Capital Management LLC’s holdings in Clean Harbors were worth $4,045,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Genesee Capital Advisors LLC increased its position in Clean Harbors by 6.5% during the second quarter. Genesee Capital Advisors LLC now owns 3,364 shares of the business services provider’s stock worth $778,000 after purchasing an additional 206 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Clean Harbors by 8.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,411 shares of the business services provider’s stock worth $2,176,000 after purchasing an additional 733 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in Clean Harbors by 45.7% during the second quarter. Concurrent Investment Advisors LLC now owns 1,543 shares of the business services provider’s stock worth $357,000 after purchasing an additional 484 shares during the last quarter. 1858 Wealth Management LLC acquired a new stake in Clean Harbors during the second quarter worth about $211,000. Finally, Blair William & Co. IL increased its position in Clean Harbors by 12.2% during the second quarter. Blair William & Co. IL now owns 2,172 shares of the business services provider’s stock worth $502,000 after purchasing an additional 237 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Shares of CLH opened at $231.51 on Thursday. The firm has a 50-day simple moving average of $238.06 and a two-hundred day simple moving average of $227.56. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The stock has a market cap of $12.42 billion, a PE ratio of 32.52 and a beta of 1.18.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the firm posted $2.46 earnings per share. The business’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Activity at Clean Harbors

In other news, Director Andrea Robertson sold 836 shares of the firm’s stock in a transaction that occurred on Thursday, July 31st. The shares were sold at an average price of $233.64, for a total value of $195,323.04. Following the completion of the transaction, the director owned 9,888 shares of the company’s stock, valued at approximately $2,310,232.32. This trade represents a 7.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Michael Louis Battles acquired 2,000 shares of the stock in a transaction dated Friday, August 1st. The stock was acquired at an average cost of $233.50 per share, with a total value of $467,000.00. Following the purchase, the chief executive officer owned 82,911 shares of the company’s stock, valued at approximately $19,359,718.50. This trade represents a 2.47% increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. BMO Capital Markets set a $268.00 price objective on shares of Clean Harbors and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Raymond James Financial restated a “strong-buy” rating and set a $280.00 price objective on shares of Clean Harbors in a research report on Monday, October 6th. UBS Group lifted their price target on shares of Clean Harbors from $220.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Clean Harbors in a research report on Wednesday, October 8th. Finally, Barclays began coverage on shares of Clean Harbors in a research report on Friday, September 19th. They set an “equal weight” rating and a $253.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $262.45.

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.