Clean Harbors, Inc. $CLH Shares Purchased by R Squared Ltd

R Squared Ltd increased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 24.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,311 shares of the business services provider’s stock after purchasing an additional 261 shares during the period. R Squared Ltd’s holdings in Clean Harbors were worth $303,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Public Employees Retirement System of Ohio boosted its stake in Clean Harbors by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider’s stock worth $3,636,000 after purchasing an additional 48 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Clean Harbors by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider’s stock worth $2,044,000 after purchasing an additional 52 shares during the period. Xponance Inc. boosted its stake in Clean Harbors by 0.9% during the 1st quarter. Xponance Inc. now owns 6,703 shares of the business services provider’s stock worth $1,321,000 after purchasing an additional 61 shares during the period. Atticus Wealth Management LLC lifted its stake in shares of Clean Harbors by 13.9% in the 2nd quarter. Atticus Wealth Management LLC now owns 532 shares of the business services provider’s stock worth $123,000 after acquiring an additional 65 shares during the period. Finally, KBC Group NV lifted its stake in shares of Clean Harbors by 3.6% in the 1st quarter. KBC Group NV now owns 2,061 shares of the business services provider’s stock worth $406,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CLH. Barclays began coverage on shares of Clean Harbors in a research note on Friday, September 19th. They issued an “equal weight” rating and a $253.00 target price for the company. Raymond James Financial restated a “strong-buy” rating and issued a $280.00 target price on shares of Clean Harbors in a research note on Monday, October 6th. UBS Group raised their target price on shares of Clean Harbors from $240.00 to $245.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Finally, Oppenheimer raised their target price on shares of Clean Harbors from $254.00 to $256.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $262.91.

Insider Activity

In other Clean Harbors news, Director Andrea Robertson sold 836 shares of the firm’s stock in a transaction dated Thursday, July 31st. The shares were sold at an average price of $233.64, for a total transaction of $195,323.04. Following the completion of the transaction, the director directly owned 9,888 shares in the company, valued at approximately $2,310,232.32. This trade represents a 7.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael Louis Battles bought 2,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were acquired at an average price of $233.50 per share, with a total value of $467,000.00. Following the completion of the acquisition, the chief executive officer directly owned 82,911 shares in the company, valued at $19,359,718.50. This represents a 2.47% increase in their position. The disclosure for this purchase can be found here. Company insiders own 5.60% of the company’s stock.

Clean Harbors Stock Performance

NYSE:CLH opened at $245.50 on Friday. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average price of $237.54 and a two-hundred day moving average price of $230.08. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a market capitalization of $13.17 billion, a P/E ratio of 34.48 and a beta of 1.18.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period last year, the firm posted $2.46 EPS. The firm’s revenue for the quarter was down .2% on a year-over-year basis. As a group, research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

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.