Clean Harbors, Inc. $CLH Shares Purchased by Munro Partners

Munro Partners boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 123.9% in the third quarter, HoldingsChannel.com reports. The fund owned 77,004 shares of the business services provider’s stock after purchasing an additional 42,605 shares during the period. Munro Partners’ holdings in Clean Harbors were worth $17,882,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Clean Harbors by 127.6% during the first 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 worth $177,304,000 after purchasing an additional 504,290 shares in the last quarter. Norges Bank acquired a new position in shares of Clean Harbors in the second quarter valued at approximately $147,632,000. First Trust Advisors LP increased its stake in Clean Harbors by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 550,176 shares of the business services provider’s stock worth $127,190,000 after buying an additional 14,865 shares during the period. Bank of New York Mellon Corp lifted its holdings in Clean Harbors by 14.6% during the 2nd 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 in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in Clean Harbors in the 2nd quarter valued at approximately $95,115,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Eric W. Gerstenberg sold 601 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the sale, the chief executive officer owned 50,454 shares in the company, valued at approximately $12,154,368.60. The trade was a 1.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

Clean Harbors Stock Up 0.2%

Shares of NYSE CLH opened at $239.50 on Wednesday. The business has a 50-day moving average of $226.72 and a two-hundred day moving average of $231.92. The company has a market capitalization of $12.80 billion, a price-to-earnings ratio of 33.22 and a beta of 0.95. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $251.43. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.44 and a quick ratio of 2.09.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.12 EPS. On average, analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

CLH has been the topic of a number of recent research reports. Raymond James Financial cut their price objective on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 30th. UBS Group lowered their target price on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Barclays reduced their price target on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Citigroup assumed coverage on Clean Harbors in a research note on Wednesday, December 10th. They issued a “neutral” rating and a $263.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Moderate Buy” and a consensus target price of $250.08.

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.