6,796 Shares in Clean Harbors, Inc. $CLH Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC bought a new position in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, HoldingsChannel reports. The fund bought 6,796 shares of the business services provider’s stock, valued at approximately $2,030,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Assetmark Inc. grew its stake in shares of Clean Harbors by 8.9% in the first quarter. Assetmark Inc. now owns 430 shares of the business services provider’s stock worth $123,000 after acquiring an additional 35 shares during the period. NewEdge Advisors LLC lifted its position in Clean Harbors by 2.6% during the first quarter. NewEdge Advisors LLC now owns 1,995 shares of the business services provider’s stock valued at $572,000 after purchasing an additional 50 shares during the period. SkyView Investment Advisors LLC lifted its position in Clean Harbors by 2.3% during the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after purchasing an additional 53 shares during the period. US Bancorp DE boosted its holdings in Clean Harbors by 16.9% in the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock worth $87,000 after purchasing an additional 54 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC boosted its holdings in Clean Harbors by 2.9% in the first quarter. Fifth Third Wealth Advisors LLC now owns 2,121 shares of the business services provider’s stock worth $608,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CLH shares. Citigroup boosted their target price on shares of Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings upgraded Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, July 30th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $375.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Wells Fargo & Company upped their price objective on Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a research report on Friday, July 31st. Finally, Wall Street Zen raised Clean Harbors from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Stock Performance

NYSE:CLH opened at $326.36 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The stock has a 50-day simple moving average of $302.52 and a two-hundred day simple moving average of $293.06. The firm has a market capitalization of $17.23 billion, a PE ratio of 39.61, a P/E/G ratio of 2.12 and a beta of 0.86. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $335.94.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $1.64 billion. During the same quarter last year, the company earned $2.36 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Analysts forecast that Clean Harbors, Inc. will post 9.51 EPS for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the company’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 value of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares of the company’s stock, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.00% of the company’s stock.

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.