Bessemer Group Inc. Purchases 16,747 Shares of Clean Harbors, Inc. $CLH

Bessemer Group Inc. increased its position in Clean Harbors, Inc. (NYSE:CLH) by 1.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 932,027 shares of the business services provider’s stock after acquiring an additional 16,747 shares during the quarter. Bessemer Group Inc.’s holdings in Clean Harbors were worth $267,239,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new position in Clean Harbors in the fourth quarter valued at about $26,000. Quattro Advisors LLC bought a new stake in shares of Clean Harbors during the 4th quarter valued at about $26,000. MidFirst Bank bought a new stake in shares of Clean Harbors during the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust increased its position in shares of Clean Harbors by 205.1% during 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 last quarter. Finally, Larson Financial Group LLC increased 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 during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Up 2.4%

Shares of NYSE:CLH opened at $310.56 on Friday. The stock has a 50 day moving average of $292.49 and a 200 day moving average of $283.81. The company has a market cap of $16.41 billion, a PE ratio of 42.08 and a beta of 0.86. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business earned $1.09 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Clean Harbors, Inc. will post 8.51 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets raised their price objective on shares of Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a report on Tuesday, July 7th. Citigroup increased their price target on shares of Clean Harbors from $346.00 to $349.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. TD Cowen lifted their price target on shares of Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Finally, Needham & Company LLC boosted their price objective on shares of Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $326.00.

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.