Proficio Capital Partners LLC Makes New Investment in Clean Harbors, Inc. $CLH

Proficio Capital Partners LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,996 shares of the business services provider’s stock, valued at approximately $596,000.

Other large investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in Clean Harbors by 8.9% during the 1st quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock valued at $123,000 after acquiring an additional 35 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Clean Harbors by 2.6% during the first quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider’s stock worth $572,000 after buying an additional 50 shares in the last quarter. SkyView Investment Advisors LLC grew its holdings in shares of Clean Harbors by 2.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock worth $549,000 after acquiring an additional 53 shares during the last quarter. US Bancorp DE increased its stake in Clean Harbors by 16.9% in the 3rd quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock worth $87,000 after purchasing an additional 54 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its holdings in shares of Clean Harbors by 2.9% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock valued at $608,000 after acquiring an additional 59 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the transaction, the director directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.00% of the stock is owned by corporate insiders.

Clean Harbors Stock Down 0.0%

CLH opened at $315.15 on Thursday. The firm has a market cap of $16.64 billion, a P/E ratio of 38.25, a price-to-earnings-growth ratio of 2.03 and a beta of 0.85. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The business has a 50 day moving average price of $308.87 and a 200 day moving average price of $297.44. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $335.94.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citigroup upped their price target on Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $375.00 target price on shares of Clean Harbors in a research note on Thursday, July 30th. The Goldman Sachs Group reissued a “neutral” rating on shares of Clean Harbors in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Finally, 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 research report on Thursday, July 30th. Two research 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.57.

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.