Advisor Resource Council Takes $926,000 Position in Clean Harbors, Inc. (NYSE:CLH)

Advisor Resource Council acquired a new position in Clean Harbors, Inc. (NYSE:CLH) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 3,833 shares of the business services provider’s stock, valued at approximately $926,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC increased its stake in shares of Clean Harbors by 5.2% in the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after purchasing an additional 78,848 shares during the period. Clearbridge Investments LLC raised its position in shares of Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after acquiring an additional 248,240 shares during the last quarter. Bessemer Group Inc. raised its position in shares of Clean Harbors by 1.2% in the 1st quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock valued at $204,019,000 after acquiring an additional 12,411 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Clean Harbors by 12.6% during the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after purchasing an additional 63,800 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after buying an additional 90,756 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insiders Place Their Bets

In other news, insider Robert Speights sold 610 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Lauren States sold 309 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the sale, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,227 shares of company stock worth $2,759,617. Company insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

NYSE CLH opened at $259.51 on Thursday. The stock has a market cap of $13.99 billion, a price-to-earnings ratio of 33.79 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company’s 50 day moving average is $246.52 and its two-hundred day moving average is $230.64. Clean Harbors, Inc. has a 12 month low of $152.57 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 earnings per share. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on CLH shares. The Goldman Sachs Group lifted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Oppenheimer increased their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday, October 21st. Stifel Nicolaus restated a “buy” rating and set a $275.00 price target (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Needham & Company LLC cut their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors has an average rating of “Buy” and an average price target of $254.33.

Clean Harbors Company Profile

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.