D L Carlson Investment Group Inc. Buys Shares of 19,325 Clean Harbors, Inc. $CLH

D L Carlson Investment Group Inc. purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 19,325 shares of the business services provider’s stock, valued at approximately $5,773,000. Clean Harbors comprises about 0.9% of D L Carlson Investment Group Inc.’s portfolio, making the stock its 26th biggest holding.

Other large investors have also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in Clean Harbors during the fourth quarter valued at approximately $26,000. Quattro Advisors LLC bought a new stake in Clean Harbors in the 4th quarter worth approximately $26,000. MidFirst Bank purchased a new stake in Clean Harbors during the 4th quarter valued at $28,000. Parkside Financial Bank & Trust raised its stake in Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after buying an additional 80 shares during the last quarter. Finally, Larson Financial Group LLC lifted its holdings in shares of Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren States sold 789 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 4,078 shares of company stock worth $1,276,908. Company insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CLH shares. Bank of America set a $377.00 price target on Clean Harbors and gave the stock a “buy” rating in a research note on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and issued a $350.00 target price on shares of Clean Harbors in a report on Thursday, July 30th. BMO Capital Markets raised their target price on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Barclays boosted their price target on Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Finally, Truist Financial upped their price target on shares of Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Stock Down 0.8%

NYSE CLH opened at $322.60 on Friday. The stock’s 50-day moving average price is $304.58 and its 200-day moving average price is $294.40. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $335.94. The company has a market capitalization of $17.03 billion, a P/E ratio of 39.15, a price-to-earnings-growth ratio of 2.14 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data 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 firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.36 EPS. On average, equities research analysts predict that Clean Harbors, Inc. will post 9.51 earnings per share for the current year.

Clean Harbors Company 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.