DAVENPORT & Co LLC Has $103.75 Million Stake in Clean Harbors, Inc. $CLH

DAVENPORT & Co LLC raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 448,933 shares of the business services provider’s stock after buying an additional 256 shares during the period. DAVENPORT & Co LLC’s holdings in Clean Harbors were worth $103,754,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. NBC Securities Inc. increased its holdings in shares of Clean Harbors by 119,600.0% during the 1st quarter. NBC Securities Inc. now owns 1,197 shares of the business services provider’s stock valued at $235,000 after acquiring an additional 1,196 shares during the last quarter. UMB Bank n.a. raised its position in shares of Clean Harbors by 24.6% in the first quarter. UMB Bank n.a. now owns 349 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 69 shares during the period. Simplicity Wealth LLC raised its position in shares of Clean Harbors by 11.4% in the first quarter. Simplicity Wealth LLC now owns 3,045 shares of the business services provider’s stock valued at $600,000 after purchasing an additional 312 shares during the period. SG Americas Securities LLC lifted its stake in shares of Clean Harbors by 105.8% in the first quarter. SG Americas Securities LLC now owns 25,026 shares of the business services provider’s stock worth $4,933,000 after buying an additional 12,863 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of Clean Harbors by 309.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 143,977 shares of the business services provider’s stock worth $28,378,000 after buying an additional 108,779 shares during the period. Institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Michael Louis Battles bought 2,000 shares of the stock in a transaction that occurred 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 purchase, the chief executive officer directly owned 82,911 shares in the company, valued at $19,359,718.50. The trade was a 2.47% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Andrea Robertson sold 836 shares of the stock in a transaction dated Thursday, July 31st. The stock was 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 of the company’s stock, valued at $2,310,232.32. This trade represents a 7.80% decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

CLH has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of Clean Harbors in a research report on Friday, September 19th. They set an “equal weight” rating and a $253.00 target price for the company. UBS Group boosted their price objective on Clean Harbors from $220.00 to $240.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Raymond James Financial increased their target price on Clean Harbors from $278.00 to $280.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 31st. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, Oppenheimer increased their price objective on Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $262.45.

Clean Harbors Trading Up 0.5%

Clean Harbors stock opened at $228.51 on Monday. The business has a 50 day moving average price of $238.63 and a two-hundred day moving average price of $226.03. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 32.09 and a beta of 1.18.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.03. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.Clean Harbors’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.46 EPS. As a group, equities analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current 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.