Capital Investment Counsel Inc Takes Position in Clean Harbors, Inc. $CLH

Capital Investment Counsel Inc acquired a new position in Clean Harbors, Inc. (NYSE:CLH) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,000 shares of the business services provider’s stock, valued at approximately $231,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vestmark Advisory Solutions Inc. grew its stake in shares of Clean Harbors by 127.2% in the second quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock valued at $3,515,000 after buying an additional 8,514 shares in the last quarter. Sowell Financial Services LLC purchased a new position in Clean Harbors during the 2nd quarter valued at about $242,000. Atria Investments Inc grew its position in Clean Harbors by 21.1% in the 2nd quarter. Atria Investments Inc now owns 27,764 shares of the business services provider’s stock valued at $6,418,000 after acquiring an additional 4,842 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Clean Harbors in the 2nd quarter valued at about $741,000. Finally, Tribune Investment Group LP purchased a new stake in Clean Harbors during the first quarter worth about $12,812,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH stock opened at $204.41 on Friday. The company has a market cap of $10.92 billion, a P/E ratio of 28.35 and a beta of 1.16. The firm has a fifty day moving average price of $229.20 and a 200 day moving average price of $230.99. 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 12 month low of $178.29 and a 12 month high of $263.43.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $2.12 earnings per share. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CLH has been the subject of a number of research reports. Raymond James Financial dropped their price objective on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a report on Thursday, October 30th. Wells Fargo & Company set a $220.00 price target on shares of Clean Harbors in a research report on Thursday. Oppenheimer reaffirmed an “outperform” rating and set a $237.00 price objective on shares of Clean Harbors in a research report on Thursday, October 30th. Barclays decreased their target price on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Finally, UBS Group cut their price target on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $254.58.

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.