Clean Harbors, Inc. $CLH Shares Purchased by Headlands Technologies LLC

Headlands Technologies LLC raised its stake in Clean Harbors, Inc. (NYSE:CLH) by 114.5% during the second quarter, HoldingsChannel reports. The institutional investor owned 6,134 shares of the business services provider’s stock after purchasing an additional 3,274 shares during the quarter. Headlands Technologies LLC’s holdings in Clean Harbors were worth $1,833,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CLH. Quattro Advisors LLC acquired a new stake in shares of Clean Harbors during the fourth quarter valued at about $26,000. Elyxium Wealth LLC acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Clean Harbors during the 2nd quarter worth approximately $36,000. Parkside Financial Bank & Trust increased its holdings in Clean Harbors by 205.1% in 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, MidFirst Bank acquired a new stake in Clean Harbors in the 4th quarter valued at approximately $28,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. UBS Group upped their price target on Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company boosted their price objective on Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Bank of America set a $377.00 target price on Clean Harbors and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Needham & Company LLC lifted their target price on Clean Harbors from $325.00 to $390.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $354.57.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $314.77 on Tuesday. The stock’s 50-day moving average is $308.02 and its two-hundred day moving average is $296.81. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94. The company has a market cap of $16.62 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business posted $2.36 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Analysts forecast that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the sale, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the transaction, the director owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This trade represents a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is owned by company insiders.

Clean Harbors Company 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.