Clean Harbors, Inc. $CLH Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd increased its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 14.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,663 shares of the business services provider’s stock after buying an additional 6,338 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Clean Harbors were worth $11,997,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Root Financial Partners LLC purchased a new stake in Clean Harbors during the 3rd quarter valued at about $30,000. Golden State Wealth Management LLC increased its stake in shares of Clean Harbors by 145.3% in the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock worth $43,000 after acquiring an additional 109 shares during the period. Bayforest Capital Ltd purchased a new position in shares of Clean Harbors during the third quarter worth $44,000. First Horizon Corp acquired a new position in Clean Harbors during the third quarter valued at $44,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Clean Harbors in the second quarter valued at $48,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Clean Harbors stock opened at $259.63 on Friday. The stock has a market capitalization of $13.87 billion, a P/E ratio of 36.01 and a beta of 0.95. The company’s fifty day moving average price is $239.47 and its 200 day moving average price is $235.26. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.09 and a current ratio of 2.44. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $268.22.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the prior year, the company posted $2.12 earnings per share. The business’s revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CLH. Zacks Research upgraded Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group raised their target price on Clean Harbors from $228.00 to $253.00 and gave the stock a “neutral” rating in a report on Tuesday. CJS Securities raised Clean Harbors to a “strong-buy” rating in a report on Thursday, December 11th. UBS Group lowered their price objective on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Barclays cut their target price on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $262.17.

Insiders Place Their Bets

In related news, CEO Eric W. Gerstenberg sold 601 shares of Clean Harbors stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the sale, the chief executive officer directly owned 50,454 shares in the company, valued at approximately $12,154,368.60. The trade was a 1.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.60% 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.