2,735 Shares in Clean Harbors, Inc. $CLH Purchased by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,735 shares of the business services provider’s stock, valued at approximately $817,000.

Other hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC grew its holdings in Clean Harbors by 10.0% in the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after buying an additional 215,659 shares in the last quarter. State Street Corp boosted its position in Clean Harbors by 0.8% during the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock worth $351,958,000 after acquiring an additional 12,452 shares during the period. Bessemer Group Inc. grew its stake in shares of Clean Harbors by 1.8% in the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after purchasing an additional 16,747 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Clean Harbors by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock valued at $215,247,000 after purchasing an additional 11,020 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Clean Harbors by 10.0% during the first quarter. First Trust Advisors LP now owns 778,441 shares of the business services provider’s stock valued at $223,202,000 after purchasing an additional 70,447 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CLH shares. UBS Group increased their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Robert W. Baird increased their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. BMO Capital Markets boosted their target price on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $354.57.

Insider Activity

In related news, Director Lauren States sold 789 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the transaction, the director directly owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This represents a 8.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.00% of the company’s stock.

Clean Harbors Trading Up 0.6%

Shares of NYSE CLH opened at $310.12 on Tuesday. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94. The company has a market cap of $16.37 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 2.03 and a beta of 0.86. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The business has a fifty day simple moving average of $298.80 and a 200-day simple moving average of $290.99.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the company posted $2.36 EPS. Sell-side analysts predict that Clean Harbors, Inc. will post 9.51 EPS for the current year.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.