Swmg LLC Increases Stock Position in Clean Harbors, Inc. $CLH

Swmg LLC boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 13.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,209 shares of the business services provider’s stock after buying an additional 148 shares during the quarter. Swmg LLC’s holdings in Clean Harbors were worth $283,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Hopwood Financial Services Inc. purchased a new position in Clean Harbors during the first quarter worth about $30,000. Ameritas Advisory Services LLC purchased a new position in shares of Clean Harbors in the second quarter valued at approximately $48,000. Quarry LP purchased a new position in shares of Clean Harbors in the first quarter valued at approximately $48,000. Banque Cantonale Vaudoise purchased a new position in shares of Clean Harbors in the first quarter valued at approximately $48,000. Finally, Blue Trust Inc. boosted its stake 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 period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

CLH has been the subject of several recent research reports. Barclays initiated coverage on shares of Clean Harbors in a research note on Friday, September 19th. They issued an “equal weight” rating and a $253.00 price objective for the company. Oppenheimer raised their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Raymond James Financial reissued a “strong-buy” rating and issued a $280.00 price objective on shares of Clean Harbors in a research note on Monday, October 6th. Weiss Ratings reissued a “buy (b-)” rating on shares of Clean Harbors in a research note on Wednesday, October 8th. Finally, UBS Group lifted their price target on shares of Clean Harbors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $262.91.

Clean Harbors Stock Up 1.9%

Shares of Clean Harbors stock opened at $236.58 on Friday. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a 50 day moving average of $237.84 and a 200 day moving average of $228.20. 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 company has a market capitalization of $12.69 billion, a P/E ratio of 33.23 and a beta of 1.18.

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

Insider Activity at Clean Harbors

In related news, CEO Michael Louis Battles acquired 2,000 shares of Clean Harbors stock in a transaction dated Friday, August 1st. The stock was acquired at an average price of $233.50 per share, for a total transaction of $467,000.00. Following the transaction, the chief executive officer owned 82,911 shares of the company’s stock, valued at $19,359,718.50. This represents a 2.47% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Andrea Robertson sold 836 shares of the business’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $233.64, for a total transaction of $195,323.04. Following the sale, 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 currently owned by insiders.

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.