Lmcg Investments LLC Has $1.34 Million Stock Holdings in Clean Harbors, Inc. $CLH

Lmcg Investments LLC decreased its holdings in shares of Clean Harbors, Inc. (NYSE:CLHFree Report) by 4.7% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,777 shares of the business services provider’s stock after selling 285 shares during the period. Lmcg Investments LLC’s holdings in Clean Harbors were worth $1,336,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CLH. Hopwood Financial Services Inc. purchased a new stake in shares of Clean Harbors in the first quarter valued at about $30,000. Banque Cantonale Vaudoise purchased a new stake in shares of Clean Harbors in the first quarter valued at about $48,000. Quarry LP purchased a new stake in shares of Clean Harbors in the first quarter valued at about $48,000. Ameritas Advisory Services LLC purchased a new stake in shares of Clean Harbors in the second quarter valued at about $48,000. Finally, Blue Trust Inc. raised its holdings in shares of Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock valued at $54,000 after purchasing an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $233.88 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $12.54 billion, a PE ratio of 32.85 and a beta of 1.18. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a 50-day moving average price of $238.37 and a two-hundred day moving average price of $227.00.

Clean Harbors (NYSE:CLHGet Free Report) last issued its earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.33 by $0.03. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the business earned $2.46 earnings per share. Equities analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Michael Louis Battles bought 2,000 shares of the business’s stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $233.50 per share, for a total transaction of $467,000.00. Following the completion of the transaction, the chief executive officer directly owned 82,911 shares of the company’s stock, valued at $19,359,718.50. This trade represents a 2.47% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Andrea Robertson sold 836 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $233.64, for a total transaction of $195,323.04. Following the transaction, the director owned 9,888 shares of the company’s stock, valued at $2,310,232.32. This represents a 7.80% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CLH has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Clean Harbors in a report on Wednesday. Barclays began coverage on shares of Clean Harbors in a report on Friday, September 19th. They set an “equal weight” rating and a $253.00 price objective for the company. Raymond James Financial restated a “strong-buy” rating and set a $280.00 price objective on shares of Clean Harbors in a report on Monday, October 6th. BMO Capital Markets set a $268.00 price objective on shares of Clean Harbors and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Oppenheimer raised their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $262.45.

Check Out Our Latest Report on Clean Harbors

Clean Harbors Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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