LGT Group Foundation Sells 114 Shares of Clean Harbors, Inc. (NYSE:CLH)

LGT Group Foundation decreased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,438 shares of the business services provider’s stock after selling 114 shares during the quarter. LGT Group Foundation owned approximately 0.05% of Clean Harbors worth $6,205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLH. Moody National Bank Trust Division increased its position in shares of Clean Harbors by 1.0% in the second quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock valued at $1,095,000 after acquiring an additional 47 shares during the last quarter. Quent Capital LLC increased its stake in shares of Clean Harbors by 6.9% during the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after purchasing an additional 47 shares during the last quarter. Fifth Third Bancorp lifted its stake in Clean Harbors by 10.5% in the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 50 shares during the last quarter. MJP Associates Inc. ADV grew its holdings in Clean Harbors by 1.1% during the second quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock worth $1,071,000 after purchasing an additional 51 shares during the period. Finally, GAMMA Investing LLC raised its stake in Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after buying an additional 56 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Trading Up 1.3 %

NYSE CLH opened at $234.83 on Tuesday. The firm has a market capitalization of $12.67 billion, a PE ratio of 33.98 and a beta of 1.20. The business’s 50-day moving average price is $232.92 and its two-hundred day moving average price is $214.55. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $247.24.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The firm’s revenue was up 10.9% on a year-over-year basis. On average, analysts expect that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Saturday. Stifel Nicolaus restated a “buy” rating and issued a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Robert W. Baird lifted their target price on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Oppenheimer lifted their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group raised their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $242.40.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.