Diversified Trust Co Purchases New Holdings in Clean Harbors, Inc. $CLH

by · The Markets Daily

Diversified Trust Co bought a new stake in Clean Harbors, Inc. (NYSE:CLH – Free Report) in the first quarter, Holdings Channel.com reports. The firm bought 2,288 shares of the business services provider’s stock, valued at approximately $656,000.

A number of other large investors have also made changes to their positions in the stock. Integrated Wealth Concepts LLC raised its holdings in shares of Clean Harbors by 102.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after acquiring an additional 1,109 shares during the period. Jones Financial Companies Lllp raised its position in Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 196 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Clean Harbors by 12.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after purchasing an additional 5,884 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Clean Harbors by 65.1% during the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock worth $1,118,000 after buying an additional 1,908 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of Clean Harbors by 1.4% in the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock worth $1,021,000 after acquiring an additional 60 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 789 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the sale, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.00% of the stock is owned by corporate insiders.

Clean Harbors Stock Up 3.2%

Shares of NYSE CLH opened at $299.21 on Thursday. The business has a 50-day moving average of $293.57 and a two-hundred day moving average of $277.04. The company has a market capitalization of $15.81 billion, a price-to-earnings ratio of 40.54 and a beta of 0.87. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $316.98. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99.

Clean Harbors (NYSE:CLH – Get Free Report) last issued its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $1.09 EPS. On average, analysts forecast that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on CLH. Robert W. Baird raised their price target on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Barclays lifted their price objective on shares of Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. UBS Group boosted their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. The Goldman Sachs Group upped their price target on Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a report on Wednesday, April 8th. Finally, TD Cowen boosted their price objective on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $323.23.

Read Our Latest Stock Report on Clean Harbors

Clean Harbors Company Profile

(Free Report)

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.

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