Commerce Bank Takes Position in Clean Harbors, Inc. $CLH

Commerce Bank bought a new stake in Clean Harbors, Inc. (NYSE:CLH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,701 shares of the business services provider’s stock, valued at approximately $508,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quattro Advisors LLC bought a new position in Clean Harbors during the fourth quarter worth about $26,000. Elyxium Wealth LLC bought a new stake in shares of Clean Harbors in the 4th quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Clean Harbors in the 2nd quarter worth approximately $36,000. Parkside Financial Bank & Trust raised its holdings in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares in the last quarter. Finally, MidFirst Bank bought a new position in shares of Clean Harbors during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CLH. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Citigroup increased their price objective on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Oppenheimer reissued an “outperform” rating and set a $350.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Raymond James Financial restated a “strong-buy” rating and issued a $375.00 target price on shares of Clean Harbors in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors Stock Performance

NYSE:CLH opened at $311.88 on Friday. The stock has a market capitalization of $16.46 billion, a P/E ratio of 37.85, a price-to-earnings-growth ratio of 2.02 and a beta of 0.86. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The firm has a 50 day moving average of $307.08 and a 200-day moving average of $296.18.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping 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 business had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company earned $2.36 EPS. Clean Harbors’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the business’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 approximately $2,819,495.79. The trade was a 8.08% 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 hyperlink. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the business’s 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 transaction, the chief executive officer directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. This represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.00% of the company’s stock.

Clean Harbors 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.