Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Pathstone Holdings LLC

Pathstone Holdings LLC lifted its position in Clean Harbors, Inc. (NYSE:CLH) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,893 shares of the business services provider’s stock after buying an additional 73 shares during the quarter. Pathstone Holdings LLC’s holdings in Clean Harbors were worth $1,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC boosted its position in Clean Harbors by 6.9% in the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock valued at $164,000 after buying an additional 47 shares during the period. Moody National Bank Trust Division boosted its holdings in Clean Harbors by 1.0% in the second quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock valued at $1,095,000 after purchasing an additional 47 shares during the period. Fifth Third Bancorp grew its stake in Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after purchasing an additional 50 shares in the last quarter. MJP Associates Inc. ADV increased its holdings in Clean Harbors by 1.1% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after purchasing an additional 51 shares during the period. Finally, Signaturefd LLC increased its holdings in Clean Harbors by 11.8% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CLH. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Needham & Company LLC reduced their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Robert W. Baird lowered their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Oppenheimer raised their price target on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $254.33.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Speights sold 610 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This trade represents a 1.53 % 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 over the last quarter. Company insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $257.68 on Friday. Clean Harbors, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11. The firm has a market capitalization of $13.89 billion, a P/E ratio of 33.55 and a beta of 1.20. 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 $250.87 and its 200 day moving average price is $236.09.

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

Clean Harbors Profile

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.