Sigma Planning Corp Acquires 968 Shares of Clean Harbors Inc (NYSE:CLH)

Sigma Planning Corp raised its holdings in shares of Clean Harbors Inc (NYSE:CLH) by 30.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,145 shares of the business services provider’s stock after purchasing an additional 968 shares during the quarter. Sigma Planning Corp’s holdings in Clean Harbors were worth $295,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Coastal Capital Group Inc. bought a new stake in shares of Clean Harbors during the second quarter valued at about $107,000. Aperio Group LLC increased its position in shares of Clean Harbors by 56.2% during the second quarter. Aperio Group LLC now owns 17,731 shares of the business services provider’s stock valued at $1,261,000 after buying an additional 6,376 shares during the period. KBC Group NV increased its position in shares of Clean Harbors by 93.6% in the second quarter. KBC Group NV now owns 10,111 shares of the business services provider’s stock worth $719,000 after purchasing an additional 4,889 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Clean Harbors by 129.1% in the second quarter. BNP Paribas Arbitrage SA now owns 287,273 shares of the business services provider’s stock worth $20,425,000 after purchasing an additional 161,901 shares during the last quarter. Finally, Clearwater Capital Advisors LLC bought a new position in shares of Clean Harbors in the second quarter worth approximately $340,000. Institutional investors and hedge funds own 90.98% of the company’s stock.

In other Clean Harbors news, Director Andrea Robertson sold 2,557 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $78.98, for a total transaction of $201,951.86. Following the transaction, the director now directly owns 13,467 shares in the company, valued at $1,063,623.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alan S. Mckim sold 38,682 shares of the stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $65.32, for a total transaction of $2,526,708.24. Following the transaction, the insider now owns 3,659,858 shares in the company, valued at $239,061,924.56. The disclosure for this sale can be found here. Insiders have sold 82,824 shares of company stock worth $5,757,206 over the last quarter. Company insiders own 8.10% of the company’s stock.

CLH stock opened at $75.41 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.59 and a debt-to-equity ratio of 1.40. The company’s 50 day moving average is $73.16 and its 200 day moving average is $69.16. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 59.85 and a beta of 1.59. Clean Harbors Inc has a 1-year low of $46.21 and a 1-year high of $80.06.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, July 31st. The business services provider reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.04. Clean Harbors had a net margin of 2.53% and a return on equity of 7.46%. The business had revenue of $868.68 million for the quarter, compared to analysts’ expectations of $880.97 million. During the same period last year, the business earned $0.54 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that Clean Harbors Inc will post 1.93 EPS for the current fiscal year.

Several research analysts recently weighed in on CLH shares. Oppenheimer upgraded shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price objective on the stock in a research report on Thursday, August 1st. CIBC upgraded shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 price objective on the stock in a research report on Thursday, August 1st. Zacks Investment Research upgraded shares of Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 price objective on the stock in a research report on Friday, August 2nd. TheStreet upgraded shares of Clean Harbors from a “c+” rating to a “b” rating in a research report on Wednesday, July 31st. Finally, Robert W. Baird upped their price objective on shares of Clean Harbors from $82.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Clean Harbors has an average rating of “Buy” and an average target price of $81.25.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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