Vise Technologies Inc. Takes $526,000 Position in Clean Harbors, Inc. $CLH

Vise Technologies Inc. acquired a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,762 shares of the business services provider’s stock, valued at approximately $526,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Quattro Advisors LLC purchased a new position in Clean Harbors in the fourth quarter valued at about $26,000. Elyxium Wealth LLC purchased a new stake in shares of Clean Harbors during the 4th quarter worth approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Clean Harbors in the 2nd quarter worth approximately $36,000. Parkside Financial Bank & Trust grew 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 acquiring an additional 80 shares during the period. Finally, MidFirst Bank purchased a new position in Clean Harbors in the 4th quarter valued at approximately $28,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Clean Harbors stock opened at $313.58 on Tuesday. The stock has a market capitalization of $16.55 billion, a P/E ratio of 38.06, a P/E/G ratio of 2.04 and a beta of 0.86. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. The firm’s 50-day moving average is $305.74 and its two-hundred day moving average is $295.16.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 9.72 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. UBS Group raised their price target on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. BMO Capital Markets boosted their price objective on shares of Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 8th. Barclays raised their target price on shares of Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company upped their price target on shares of Clean Harbors from $313.00 to $349.00 and gave the company an “equal weight” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Clean Harbors has a consensus rating of “Moderate Buy” and an average price target of $354.57.

Insider Buying and Selling at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 2,500 shares of Clean Harbors 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 of the company’s stock, valued at $18,249,862.62. The trade was a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the transaction, the director owned 8,979 shares of the company’s stock, valued at $2,819,495.79. The trade was a 8.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.