Vise Technologies Inc. Acquires Shares of 1,762 Clean Harbors, Inc. $CLH

Vise Technologies Inc. acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,762 shares of the business services provider’s stock, valued at approximately $526,000.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on CLH shares. Wells Fargo & Company upped their price target on shares of Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Bank of America set a $377.00 price objective on shares of Clean Harbors and gave the stock a “buy” rating in a research report on Thursday, July 30th. Wall Street Zen upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Finally, BMO Capital Markets raised their price target on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Two equities research 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.57.

Clean Harbors Stock Performance

Shares of CLH opened at $313.58 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The stock has a market capitalization of $16.55 billion, a P/E ratio of 38.06, a P/E/G ratio of 2.04 and a beta of 0.86. The company’s fifty day moving average is $305.74 and its two-hundred day moving average is $295.16. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business earned $2.36 EPS. On average, sell-side analysts predict that Clean Harbors, Inc. will post 9.72 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the sale, the director owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. The trade was a 8.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. The trade was a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is owned by company insiders.

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.