EP Wealth Advisors LLC Makes New $668,000 Investment in Clean Harbors, Inc. $CLH

EP Wealth Advisors LLC bought a new position in Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 2,236 shares of the business services provider’s stock, valued at approximately $668,000.

Several other hedge funds have also recently made changes to their positions in CLH. Ieq Capital LLC bought a new position in shares of Clean Harbors in the 2nd quarter valued at about $699,000. Burnham & Co LLC purchased a new position in Clean Harbors in the second quarter worth about $1,070,000. Callan Family Office LLC bought a new stake in Clean Harbors during the second quarter worth approximately $914,000. Allworth Financial LP bought a new stake in Clean Harbors during the second quarter worth approximately $157,000. Finally, D L Carlson Investment Group Inc. purchased a new stake in Clean Harbors during the second quarter valued at approximately $5,773,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the transaction, the director owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This represents a 8.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer owned 56,793 shares in the company, valued at approximately $18,249,862.62. The trade was a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CLH shares. Barclays raised their price objective on Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research note on Thursday, July 30th. Raymond James Financial restated a “strong-buy” rating and set a $375.00 price target on shares of Clean Harbors in a report on Thursday, July 30th. Stifel Nicolaus raised their price target on Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. UBS Group lifted their price objective 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. Finally, BMO Capital Markets boosted their price objective on shares of Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Stock Down 0.8%

Shares of NYSE:CLH opened at $313.58 on Tuesday. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The business has a 50 day simple moving average of $305.74 and a two-hundred day simple moving average of $295.16. The firm has a market capitalization of $16.55 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.04 and a beta of 0.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm had revenue of $1.74 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm posted $2.36 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, equities analysts predict that Clean Harbors, Inc. will post 9.72 EPS for the current year.

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.