EP Wealth Advisors LLC Makes New $305,000 Investment in Clean Harbors, Inc. (NYSE:CLH)

EP Wealth Advisors LLC purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,262 shares of the business services provider’s stock, valued at approximately $305,000.

Other institutional investors have also added to or reduced their stakes in the company. Swedbank AB boosted its position in shares of Clean Harbors by 83.3% in the second quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock worth $24,876,000 after purchasing an additional 50,000 shares during the period. Driehaus Capital Management LLC increased its position in Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after purchasing an additional 18,058 shares during the last quarter. Bridges Investment Management Inc. purchased a new stake in shares of Clean Harbors during the 2nd quarter valued at about $729,000. Advisor Resource Council purchased a new stake in Clean Harbors during the third quarter valued at approximately $926,000. Finally, Anthracite Investment Company Inc. bought a new stake in Clean Harbors in the third quarter worth $1,692,000. 90.43% of the stock is currently owned by institutional investors.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the sale, the chief executive officer now owns 55,657 shares of the company’s stock, valued at $13,937,625.94. This represents a 9.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,447 shares of company stock valued at $4,576,829 in the last ninety days. 5.90% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday. TD Cowen started coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. Oppenheimer lifted their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research report on Monday, October 21st. Finally, Robert W. Baird reduced their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors presently has an average rating of “Buy” and an average target price of $271.00.

Clean Harbors Stock Down 1.3 %

NYSE:CLH opened at $244.35 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The company’s fifty day moving average price is $252.32 and its 200-day moving average price is $238.96. Clean Harbors, Inc. has a 1-year low of $161.39 and a 1-year high of $267.11. The firm has a market capitalization of $13.17 billion, a P/E ratio of 31.82 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The company’s revenue was up 12.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Clean Harbors, Inc. will post 7.21 EPS for the current year.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.