Bessemer Securities LLC Has $1.38 Million Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Bessemer Securities LLC reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 15.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,419 shares of the business services provider’s stock after selling 1,573 shares during the period. Clean Harbors comprises about 0.9% of Bessemer Securities LLC’s holdings, making the stock its 29th largest position. Bessemer Securities LLC’s holdings in Clean Harbors were worth $1,384,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James & Associates increased its holdings in Clean Harbors by 146.7% in the first quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock worth $4,133,000 after buying an additional 22,012 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Clean Harbors during the 1st quarter worth $1,672,000. HighTower Advisors LLC raised its holdings in shares of Clean Harbors by 68.7% during the 1st quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock valued at $793,000 after purchasing an additional 2,883 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Clean Harbors by 122.5% in the 1st quarter. Acadian Asset Management LLC now owns 4,423 shares of the business services provider’s stock valued at $492,000 after purchasing an additional 2,435 shares during the last quarter. Finally, MetLife Investment Management LLC boosted its holdings in Clean Harbors by 33.5% in the first quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock worth $3,616,000 after purchasing an additional 8,127 shares in the last quarter. 90.99% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

NYSE:CLH traded up $0.75 during trading hours on Monday, hitting $165.18. 24,214 shares of the company traded hands, compared to its average volume of 348,553. The company has a current ratio of 2.00, a quick ratio of 1.68 and a debt-to-equity ratio of 1.05. Clean Harbors, Inc. has a twelve month low of $109.36 and a twelve month high of $178.33. The firm has a 50-day moving average of $161.58 and a 200 day moving average of $160.38. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 24.69 and a beta of 1.38.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, November 1st. The business services provider reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.07 by ($0.39). Clean Harbors had a return on equity of 17.55% and a net margin of 6.77%. The company had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the previous year, the firm posted $2.43 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. On average, analysts forecast that Clean Harbors, Inc. will post 6.91 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. StockNews.com assumed coverage on Clean Harbors in a research report on Thursday, October 5th. They issued a “buy” rating for the company. Needham & Company LLC restated a “buy” rating and issued a $182.00 target price on shares of Clean Harbors in a report on Thursday, August 3rd. Wolfe Research assumed coverage on shares of Clean Harbors in a research report on Tuesday, October 17th. They issued an “outperform” rating and a $184.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $180.00 price objective on shares of Clean Harbors in a research note on Monday, September 18th. Finally, Raymond James lowered their target price on shares of Clean Harbors from $200.00 to $190.00 and set a “strong-buy” rating on the stock in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors has a consensus rating of “Buy” and an average target price of $183.00.

Insider Buying and Selling at Clean Harbors

In other news, CFO Eric J. Dugas sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $171.00, for a total transaction of $598,500.00. Following the sale, the chief financial officer now directly owns 25,114 shares in the company, valued at $4,294,494. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Robert Speights sold 1,984 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $171.03, for a total value of $339,323.52. Following the completion of the transaction, the insider now owns 38,602 shares of the company’s stock, valued at $6,602,100.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eric J. Dugas sold 3,500 shares of Clean Harbors stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $171.00, for a total value of $598,500.00. Following the sale, the chief financial officer now directly owns 25,114 shares in the company, valued at $4,294,494. The disclosure for this sale can be found here. Insiders sold a total of 15,787 shares of company stock valued at $2,705,200 in the last quarter. Corporate insiders own 6.70% of the company’s stock.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments: The Environmental Services and The 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.