Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Bank of Nova Scotia

Bank of Nova Scotia grew its position in shares of Clean Harbors, Inc. (NYSE:CLHGet Rating) by 8.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,878 shares of the business services provider’s stock after purchasing an additional 610 shares during the quarter. Bank of Nova Scotia’s holdings in Clean Harbors were worth $691,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund grew its holdings in shares of Clean Harbors by 2.0% during the second quarter. Texas Permanent School Fund now owns 36,194 shares of the business services provider’s stock worth $3,173,000 after purchasing an additional 704 shares during the last quarter. Banque Pictet & Cie SA purchased a new position in shares of Clean Harbors during the second quarter worth about $292,000. MQS Management LLC purchased a new position in shares of Clean Harbors during the second quarter worth about $328,000. M&T Bank Corp grew its holdings in shares of Clean Harbors by 2.5% during the second quarter. M&T Bank Corp now owns 64,776 shares of the business services provider’s stock worth $5,624,000 after purchasing an additional 1,567 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of Clean Harbors by 93.6% during the second quarter. Illinois Municipal Retirement Fund now owns 10,145 shares of the business services provider’s stock worth $889,000 after purchasing an additional 4,906 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

Insider Activity at Clean Harbors

In related news, EVP Brian P. Weber sold 2,003 shares of the firm’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $122.42, for a total value of $245,207.26. Following the completion of the sale, the executive vice president now owns 62,103 shares in the company, valued at $7,602,649.26. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.60% of the stock is owned by insiders.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $117.00 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.01 and a debt-to-equity ratio of 1.36. The company has a market cap of $6.33 billion, a P/E ratio of 16.86 and a beta of 1.40. Clean Harbors, Inc. has a 52 week low of $81.56 and a 52 week high of $124.49. The company has a 50-day moving average price of $115.81 and a 200 day moving average price of $104.39.

Analysts Set New Price Targets

Several brokerages have issued reports on CLH. Stifel Nicolaus raised their price objective on Clean Harbors from $127.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, September 2nd. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 8th. BMO Capital Markets raised their price target on Clean Harbors from $104.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday, August 4th. Robert W. Baird raised their price target on Clean Harbors from $150.00 to $155.00 in a report on Thursday, November 3rd. Finally, Needham & Company LLC raised their price target on Clean Harbors from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $139.25.

Clean Harbors Profile

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Clean Harbors, Inc provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

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

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