Segall Bryant & Hamill LLC Sells 7,359 Shares of Clean Harbors, Inc. $CLH

Segall Bryant & Hamill LLC reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,853 shares of the business services provider’s stock after selling 7,359 shares during the period. Segall Bryant & Hamill LLC owned 0.09% of Clean Harbors worth $11,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new position in shares of Clean Harbors during the 1st quarter worth approximately $30,000. Golden State Wealth Management LLC grew its holdings in shares of Clean Harbors by 145.3% in the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 109 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Clean Harbors during the first quarter valued at approximately $48,000. Quarry LP bought a new stake in Clean Harbors during the first quarter worth $48,000. Finally, Ameritas Advisory Services LLC purchased a new position in Clean Harbors in the second quarter worth $48,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

CLH opened at $216.99 on Friday. The firm has a 50-day moving average price of $225.87 and a 200-day moving average price of $230.71. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $263.43. The company has a quick ratio of 2.07, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $11.59 billion, a price-to-earnings ratio of 30.10 and a beta of 1.16.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.16). The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $2.12 earnings per share. Equities analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a research report on Wednesday. Oppenheimer restated an “outperform” rating and set a $237.00 price objective on shares of Clean Harbors in a report on Thursday, October 30th. Wells Fargo & Company assumed coverage on shares of Clean Harbors in a research report on Thursday, November 13th. They issued an “equal weight” rating and a $220.00 price objective on the stock. BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the company an “outperform” rating in a research report on Thursday, July 31st. Finally, Zacks Research cut shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Moderate Buy” and an average target price of $254.58.

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.