MinichMacGregor Wealth Management LLC Boosts Stake in Clean Harbors, Inc. (NYSE:CLH)

MinichMacGregor Wealth Management LLC raised its position in Clean Harbors, Inc. (NYSE:CLH) by 1.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,935 shares of the business services provider’s stock after purchasing an additional 655 shares during the quarter. Clean Harbors accounts for approximately 1.8% of MinichMacGregor Wealth Management LLC’s portfolio, making the stock its 26th largest holding. MinichMacGregor Wealth Management LLC owned about 0.06% of Clean Harbors worth $8,444,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB raised its position in Clean Harbors by 83.3% in the second quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock valued at $24,876,000 after purchasing an additional 50,000 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in shares of Clean Harbors during the 1st quarter valued at about $828,000. Driehaus Capital Management LLC lifted its position in Clean Harbors by 17.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after acquiring an additional 18,058 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in Clean Harbors by 25.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider’s stock worth $4,491,000 after acquiring an additional 4,554 shares during the period. Finally, Bridges Investment Management Inc. purchased a new position in Clean Harbors in the 2nd quarter worth approximately $729,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

Shares of NYSE CLH traded up $2.43 during trading on Tuesday, reaching $240.13. The stock had a trading volume of 28,531 shares, compared to its average volume of 294,424. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The stock has a market cap of $12.94 billion, a PE ratio of 30.95 and a beta of 1.20. Clean Harbors, Inc. has a one year low of $152.57 and a one year high of $267.11. The firm’s 50 day moving average price is $246.34 and its two-hundred day moving average price is $229.78.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, research analysts forecast that Clean Harbors, Inc. will post 7.29 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent research reports. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Needham & Company LLC decreased their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Finally, Robert W. Baird lowered their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note 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 data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $254.33.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the transaction, the director now directly owns 13,150 shares in the company, valued at $3,428,731. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the sale, the director now directly owns 13,150 shares in the company, valued at approximately $3,428,731. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,617 shares of company stock valued at $2,613,132 in the last quarter. Insiders own 5.90% of the company’s stock.

Clean Harbors 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.