Diversified Trust Co Buys Shares of 2,288 Clean Harbors, Inc. $CLH

Diversified Trust Co acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,288 shares of the business services provider’s stock, valued at approximately $656,000.

Other institutional investors also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its stake 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 valued at $431,000 after acquiring an additional 1,109 shares during the period. Jones Financial Companies Lllp lifted its holdings in Clean Harbors by 47.7% during 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 in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Clean Harbors by 12.1% in the first 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 in the last quarter. Russell Investments Group Ltd. raised its position in shares of Clean Harbors by 65.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after purchasing an additional 1,908 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of Clean Harbors by 1.4% during the 2nd quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after buying an additional 60 shares in the last quarter. 90.43% of the stock is owned by 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 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 completion of the transaction, 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 filing with the SEC, which is accessible through the SEC website. 5.00% of the stock is owned by company insiders.

Clean Harbors Stock Performance

Clean Harbors stock opened at $299.21 on Thursday. The company has a 50 day moving average price of $293.57 and a 200-day moving average price of $277.04. The company has a market capitalization of $15.81 billion, a PE ratio of 40.54 and a beta of 0.87. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34.

Clean Harbors (NYSE:CLH) last announced its quarterly 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. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter in the prior year, the company earned $1.09 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts forecast that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

Analysts Set New Price Targets

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

About Clean Harbors

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.