Jefferies Financial Group Inc. Purchases New Holdings in Clean Harbors, Inc. $CLH

Jefferies Financial Group Inc. acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,185 shares of the business services provider’s stock, valued at approximately $1,549,000.

A number of other hedge funds have also recently bought and sold shares of the company. Quattro Advisors LLC bought a new stake in shares of Clean Harbors during the fourth quarter worth $26,000. Elyxium Wealth LLC bought a new position in shares of Clean Harbors in the 4th quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Clean Harbors during the 2nd quarter worth approximately $36,000. Parkside Financial Bank & Trust raised its stake in shares of Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the last quarter. Finally, MidFirst Bank acquired a new position in Clean Harbors in the fourth quarter valued at approximately $28,000. 90.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CLH shares. Truist Financial upped their target price on shares of Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Stifel Nicolaus boosted their target price on Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. The Goldman Sachs Group reiterated a “neutral” rating on shares of Clean Harbors in a research report on Wednesday, July 29th. Barclays boosted their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, TD Cowen boosted their price target on shares of Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $354.57.

Clean Harbors Trading Down 0.4%

Shares of NYSE:CLH opened at $310.56 on Friday. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 37.69, a PEG ratio of 2.01 and a beta of 0.86. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94. The company’s fifty day simple moving average is $307.51 and its 200 day simple moving average is $296.28. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the company earned $2.36 EPS. The company’s revenue was up 11.9% on a year-over-year basis. As a group, research analysts forecast that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the transaction, the director directly owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. This represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 5.00% of the company’s stock.

About Clean Harbors

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.