United Services Automobile Association trimmed its position in Clean Harbors Inc (NYSE:CLH) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,118 shares of the business services provider’s stock after selling 271 shares during the period. United Services Automobile Association’s holdings in Clean Harbors were worth $719,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of CLH. Meridian Wealth Management LLC bought a new stake in shares of Clean Harbors in the first quarter valued at about $70,000. Point72 Asset Management L.P. bought a new stake in Clean Harbors during the second quarter worth about $100,000. CSat Investment Advisory L.P. bought a new stake in Clean Harbors during the second quarter worth about $106,000. Coastal Capital Group Inc. bought a new stake in Clean Harbors during the second quarter worth about $107,000. Finally, Flagship Harbor Advisors LLC raised its holdings in Clean Harbors by 17.3% during the second quarter. Flagship Harbor Advisors LLC now owns 2,394 shares of the business services provider’s stock worth $170,000 after acquiring an additional 353 shares in the last quarter. Institutional investors own 90.48% of the company’s stock.
CLH opened at $76.58 on Friday. Clean Harbors Inc has a 52-week low of $46.21 and a 52-week high of $80.06. The firm has a market capitalization of $4.08 billion, a PE ratio of 60.78 and a beta of 1.58. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.59 and a current ratio of 1.91. The business’s 50-day simple moving average is $74.86 and its 200 day simple moving average is $71.87.
Several analysts recently issued reports on CLH shares. Zacks Investment Research upgraded Clean Harbors from a “sell” rating to a “buy” rating and set a $81.00 target price on the stock in a report on Friday, August 2nd. Needham & Company LLC started coverage on Clean Harbors in a report on Friday, August 23rd. They set a “buy” rating and a $86.00 target price on the stock. CIBC upgraded Clean Harbors from a “market perform” rating to an “outperform” rating and set a $88.00 target price on the stock in a report on Thursday, August 1st. ValuEngine lowered Clean Harbors from a “buy” rating to a “hold” rating in a report on Friday. Finally, Robert W. Baird upped their target price on Clean Harbors from $82.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $82.29.
In other Clean Harbors news, COO Eric W. Gerstenberg sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $78.52, for a total value of $1,570,400.00. Following the sale, the chief operating officer now owns 74,557 shares in the company, valued at $5,854,215.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Andrea Robertson sold 2,557 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $78.98, for a total value of $201,951.86. Following the completion of the sale, the director now owns 13,467 shares in the company, valued at approximately $1,063,623.66. The disclosure for this sale can be found here. Insiders sold 25,591 shares of company stock worth $1,998,563 in the last 90 days. Corporate insiders own 8.10% of the company’s stock.
About Clean Harbors
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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