Y.D. More Investments Ltd Buys New Holdings in Clean Harbors, Inc. $CLH

Y.D. More Investments Ltd purchased a new position in Clean Harbors, Inc. (NYSE:CLH) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,826 shares of the business services provider’s stock, valued at approximately $524,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its position in shares of Clean Harbors by 57.4% during the fourth quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock worth $14,683,000 after purchasing an additional 22,827 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Clean Harbors by 86.0% in the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock valued at $14,654,000 after purchasing an additional 29,176 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of Clean Harbors by 2.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock valued at $86,963,000 after purchasing an additional 8,145 shares during the period. Nordea Investment Management AB grew its stake in Clean Harbors by 120.8% during the 4th quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after buying an additional 569,388 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its stake in Clean Harbors by 94.4% during the 1st quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock worth $4,874,000 after buying an additional 8,252 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of research reports. Barclays boosted their price objective on Clean Harbors from $304.00 to $305.00 and gave the company an “equal weight” rating in a research note on Thursday, July 9th. Needham & Company LLC raised their target price on shares of Clean Harbors from $308.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a report on Tuesday, July 7th. Robert W. Baird upped their price target on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Finally, The Goldman Sachs Group increased their price target on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.00.

Clean Harbors Stock Down 0.1%

CLH opened at $303.97 on Tuesday. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The business has a 50 day moving average price of $291.84 and a two-hundred day moving average price of $282.42. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. The company has a market cap of $16.06 billion, a PE ratio of 41.19 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the business posted $1.09 EPS. The company’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts anticipate that Clean Harbors, Inc. will post 8.51 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 789 shares of the business’s stock in a transaction 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 transaction, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.00% of the stock is currently owned by company insiders.

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.