Groupe la Francaise Decreases Stock Holdings in Clean Harbors, Inc. $CLH

Groupe la Francaise cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 16.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,588 shares of the business services provider’s stock after selling 1,712 shares during the quarter. Groupe la Francaise’s holdings in Clean Harbors were worth $2,566,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CLH. Elyxium Wealth LLC purchased a new stake in Clean Harbors during the fourth quarter valued at $26,000. Quattro Advisors LLC purchased a new position in shares of Clean Harbors in the 4th quarter worth $26,000. MidFirst Bank bought a new stake in shares of Clean Harbors in the 4th quarter worth about $28,000. Parkside Financial Bank & Trust raised its position in shares of Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after buying an additional 80 shares in the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Down 0.1%

Shares of NYSE:CLH opened at $316.67 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 $309.90 and a two-hundred day simple moving average of $298.39. The firm has a market capitalization of $16.72 billion, a PE ratio of 38.43, a price-to-earnings-growth ratio of 2.05 and a beta of 0.85. 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.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company lifted their price target on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Barclays upped their price objective on Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Citigroup raised their price objective on Clean Harbors from $349.00 to $376.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. BMO Capital Markets lifted their target price on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Finally, TD Cowen boosted their target price on Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, Clean Harbors has a consensus rating of “Moderate Buy” and a consensus target price of $354.57.

Insider Buying and Selling at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $321.34, for a total transaction of $803,350.00. Following the completion of the sale, the chief executive officer owned 56,793 shares in the company, valued at $18,249,862.62. This trade represents a 4.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. This trade represents a 8.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.