Advisor Resource Council Makes New $926,000 Investment in Clean Harbors, Inc. (NYSE:CLH)

Advisor Resource Council purchased a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 3,833 shares of the business services provider's stock, valued at approximately $926,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Innealta Capital LLC acquired a new position in Clean Harbors during the 2nd quarter valued at about $25,000. UMB Bank n.a. boosted its stake in Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock valued at $52,000 after purchasing an additional 83 shares during the period. Brown Brothers Harriman & Co. acquired a new position in Clean Harbors during the 2nd quarter valued at about $56,000. CENTRAL TRUST Co boosted its stake in Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock valued at $63,000 after purchasing an additional 160 shares during the period. Finally, Blue Trust Inc. boosted its stake in Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider's stock valued at $72,000 after purchasing an additional 173 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Shares of NYSE CLH traded down $0.24 during midday trading on Thursday, reaching $259.43. The company's stock had a trading volume of 331,596 shares, compared to its average volume of 298,463. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company has a 50 day moving average price of $246.52 and a 200 day moving average price of $230.64. Clean Harbors, Inc. has a one year low of $154.33 and a one year high of $267.11. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 33.65 and a beta of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last released 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). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The firm's revenue was up 12.0% compared to the same quarter last year. On average, equities research analysts expect that Clean Harbors, Inc. will post 7.29 EPS for the current year.

Analysts Set New Price Targets

CLH has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Oppenheimer boosted their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. Robert W. Baird dropped their price target on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC dropped their price target on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $254.33.

Insider Activity

In other news, insider Robert Speights sold 610 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Robert Speights sold 610 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Michael Louis Battles sold 10,000 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,227 shares of company stock worth $2,759,617 over the last 90 days. 5.90% of the stock is owned by company insiders.

Clean Harbors Company Profile

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.