958 Shares in Clean Harbors, Inc. $CLH Bought by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC acquired a new stake in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, HoldingsChannel reports. The institutional investor acquired 958 shares of the business services provider’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its holdings in Clean Harbors by 30.9% in the first quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider’s stock valued at $1,043,407,000 after purchasing an additional 1,249,704 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Clean Harbors by 127.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 899,566 shares of the business services provider’s stock valued at $177,304,000 after buying an additional 504,290 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Clean Harbors by 2.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 456,426 shares of the business services provider’s stock worth $89,962,000 after buying an additional 11,465 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Clean Harbors by 14.6% in the second quarter. Bank of New York Mellon Corp now owns 423,025 shares of the business services provider’s stock worth $97,795,000 after buying an additional 53,828 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Clean Harbors in the second quarter valued at $95,115,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Barclays decreased their price objective on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Raymond James Financial lowered their price objective on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a report on Thursday, October 30th. Oppenheimer reaffirmed an “outperform” rating and set a $237.00 target price on shares of Clean Harbors in a report on Thursday, October 30th. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average target price of $254.58.

Clean Harbors Stock Up 3.8%

NYSE:CLH opened at $216.99 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.07 and a debt-to-equity ratio of 1.00. The stock has a 50 day moving average of $225.87 and a 200-day moving average of $230.71. The firm has a market capitalization of $11.59 billion, a PE ratio of 30.10 and a beta of 1.16. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week 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 the consensus estimate of $2.37 by ($0.16). Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. During the same period last year, the business posted $2.12 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

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.