Clean Harbors, Inc. $CLH Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 219,862 shares of the business services provider’s stock after buying an additional 15,872 shares during the quarter. JPMorgan Chase & Co.’s holdings in Clean Harbors were worth $51,059,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CLH. Root Financial Partners LLC bought a new stake in shares of Clean Harbors in the 3rd quarter worth about $30,000. Golden State Wealth Management LLC raised its position in shares of Clean Harbors by 145.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 109 shares in the last quarter. Bayforest Capital Ltd bought a new position in Clean Harbors during the third quarter worth $44,000. First Horizon Corp acquired a new stake in shares of Clean Harbors during the third quarter worth $44,000. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Clean Harbors by 2,985.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock valued at $50,000 after buying an additional 209 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CLH has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective on Clean Harbors from $248.00 to $291.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 19th. TD Cowen reissued a “buy” rating on shares of Clean Harbors in a report on Thursday, February 19th. Barclays lifted their target price on Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a research note on Monday. Zacks Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Needham & Company LLC upped their price objective on shares of Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $292.18.

Clean Harbors Stock Up 0.5%

Shares of Clean Harbors stock opened at $286.09 on Thursday. The stock’s fifty day moving average is $258.07 and its 200-day moving average is $241.08. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $15.14 billion, a PE ratio of 39.30 and a beta of 0.96. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $288.81.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.55 earnings per share. Equities analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In other Clean Harbors news, EVP Sharon M. Gabriel sold 3,540 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $282.07, for a total value of $998,527.80. Following the transaction, the executive vice president owned 23,193 shares in the company, valued at $6,542,049.51. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $281.31, for a total value of $784,292.28. Following the completion of the sale, the chief financial officer directly owned 15,933 shares of the company’s stock, valued at approximately $4,482,112.23. The trade was a 14.89% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 7,679 shares of company stock worth $2,132,403. Insiders own 5.60% 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.