Clean Harbors, Inc. $CLH Position Boosted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in Clean Harbors, Inc. (NYSE:CLH) by 11.7% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,456 shares of the business services provider’s stock after purchasing an additional 571 shares during the period. PNC Financial Services Group Inc.’s holdings in Clean Harbors were worth $1,261,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CLH. Y Intercept Hong Kong Ltd bought a new position in Clean Harbors during the 1st quarter worth approximately $1,412,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Clean Harbors during the 1st quarter valued at approximately $5,078,000. KLP Kapitalforvaltning AS lifted its stake in Clean Harbors by 3.5% during the first quarter. KLP Kapitalforvaltning AS now owns 14,900 shares of the business services provider’s stock worth $2,937,000 after purchasing an additional 500 shares during the last quarter. Oak Thistle LLC acquired a new position in Clean Harbors in the first quarter worth $294,000. Finally, Machina Capital S.A.S. bought a new stake in Clean Harbors during the first quarter valued at $271,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $208.99 on Friday. The firm’s 50 day moving average is $226.25 and its two-hundred day moving average is $230.69. The firm has a market capitalization of $11.17 billion, a P/E ratio of 28.99 and a beta of 1.16. The company has a current ratio of 2.44, a quick ratio of 2.07 and a debt-to-equity ratio of 1.00. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $263.43.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The business’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $2.12 earnings per share. Analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent research reports. UBS Group reduced their price target on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Barclays cut their target price on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the company an “outperform” rating in a research note on Thursday, July 31st. Wells Fargo & Company began coverage on Clean Harbors in a research report on Thursday, November 13th. They set an “equal weight” rating and a $220.00 price target on the stock. Finally, Zacks Research lowered Clean Harbors from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $254.58.

About Clean Harbors

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.