Revolve Wealth Partners LLC Makes New Investment in Clean Harbors, Inc. $CLH

Revolve Wealth Partners LLC bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,735 shares of the business services provider’s stock, valued at approximately $817,000.

A number of other large investors also recently made changes to their positions in CLH. Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its position in Clean Harbors by 94.4% during the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 16,997 shares of the business services provider’s stock valued at $4,874,000 after purchasing an additional 8,252 shares in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Clean Harbors during the 4th quarter valued at $938,000. Swedbank AB grew its holdings in shares of Clean Harbors by 7.1% during the 4th quarter. Swedbank AB now owns 150,000 shares of the business services provider’s stock valued at $35,172,000 after acquiring an additional 10,000 shares in the last quarter. New York Life Investment Management LLC purchased a new position in shares of Clean Harbors during the 4th quarter valued at $1,065,000. Finally, Bessemer Group Inc. increased its stake in shares of Clean Harbors by 1.8% in the first quarter. Bessemer Group Inc. now owns 932,027 shares of the business services provider’s stock worth $267,239,000 after acquiring an additional 16,747 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares in the company, valued at $3,250,832.21. This represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. This represents 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.

Analysts Set New Price Targets

Several brokerages have weighed in on CLH. Bank of America set a $377.00 target price on Clean Harbors and gave the stock a “buy” rating in a research report on Thursday, July 30th. TD Cowen boosted their price target on Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Barclays raised their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. UBS Group lifted their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Two equities research 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’s stock. Based on data from MarketBeat.com, Clean Harbors has an average rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors Trading Up 0.6%

Shares of CLH stock opened at $310.12 on Tuesday. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $298.80 and its two-hundred day moving average is $290.99. The company has a market cap of $16.37 billion, a PE ratio of 37.64, a price-to-earnings-growth ratio of 2.03 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. Clean Harbors’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company earned $2.36 earnings per share. Equities analysts predict that Clean Harbors, Inc. will post 9.51 EPS for the current year.

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.