Captrust Financial Advisors Boosts Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Captrust Financial Advisors grew its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 33.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,087 shares of the business services provider’s stock after purchasing an additional 1,272 shares during the quarter. Captrust Financial Advisors’ holdings in Clean Harbors were worth $1,230,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new stake in Clean Harbors in the 2nd quarter valued at $25,000. UMB Bank n.a. grew its stake in Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 83 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Clean Harbors in the 2nd quarter valued at $56,000. Prospera Private Wealth LLC acquired a new stake in Clean Harbors in the 3rd quarter valued at $56,000. Finally, CENTRAL TRUST Co grew its stake in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 160 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. This represents a 1.43 % 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, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the sale, the chief executive officer now owns 55,657 shares in the company, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,447 shares of company stock worth $4,576,829 over the last three months. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CLH. TD Cowen began coverage on shares of Clean Harbors in a research note on Friday. They set a “buy” rating and a $325.00 target price on the stock. Robert W. Baird reduced their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC reduced their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Oppenheimer lifted their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and a consensus price target of $261.40.

Clean Harbors Stock Up 0.5 %

Shares of NYSE:CLH opened at $248.00 on Friday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The firm has a market capitalization of $13.37 billion, a PE ratio of 32.29 and a beta of 1.22. The firm’s 50-day moving average is $252.08 and its two-hundred day moving average is $238.10. Clean Harbors, Inc. has a 1 year low of $161.39 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $1.68 earnings per share. Analysts predict that Clean Harbors, Inc. will post 7.21 EPS for the current year.

About Clean Harbors

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.