36,767 Shares in Clean Harbors, Inc. $CLH Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 36,767 shares of the business services provider’s stock, valued at approximately $10,984,000. The Manufacturers Life Insurance Company owned 0.07% of Clean Harbors as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Quattro Advisors LLC purchased a new stake in shares of Clean Harbors in the 4th quarter worth about $26,000. Elyxium Wealth LLC purchased a new position in shares of Clean Harbors during the fourth quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Clean Harbors during the second quarter valued at about $36,000. Parkside Financial Bank & Trust raised its stake in Clean Harbors by 205.1% in the fourth 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 purchased a new stake in Clean Harbors in the fourth quarter worth about $28,000. Institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Citigroup upped their target price on Clean Harbors from $349.00 to $376.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Oppenheimer restated an “outperform” rating and set a $350.00 price target on shares of Clean Harbors in a research report on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Bank of America set a $377.00 price objective on Clean Harbors and gave the company a “buy” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average 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 the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $321.34, for a total transaction of $803,350.00. Following the sale, the chief executive officer directly owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrea Robertson sold 789 shares of Clean Harbors stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the sale, 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. Company insiders own 5.00% of the company’s stock.

Clean Harbors Trading Down 0.4%

Clean Harbors stock opened at $310.56 on Friday. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94. The company has a market capitalization of $16.39 billion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86. The business’s fifty day simple moving average is $307.51 and its two-hundred day simple moving average is $296.28. 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 (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.36 EPS. As a group, equities analysts predict that Clean Harbors, Inc. will post 9.72 earnings per share for the current fiscal year.

About Clean Harbors

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.