Bank of America Corp DE Sells 99,157 Shares of Clean Harbors, Inc. $CLH

Bank of America Corp DE cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 24.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 311,907 shares of the business services provider’s stock after selling 99,157 shares during the quarter. Bank of America Corp DE’s holdings in Clean Harbors were worth $89,433,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Elyxium Wealth LLC bought a new position in Clean Harbors during the fourth quarter worth $26,000. Quattro Advisors LLC acquired a new position in shares of Clean Harbors during the fourth quarter valued at about $26,000. MidFirst Bank acquired a new position in shares of Clean Harbors during the fourth quarter valued at about $28,000. Parkside Financial Bank & Trust boosted its position in shares of Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Up 0.2%

NYSE:CLH opened at $308.17 on Friday. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $335.94. The stock’s fifty day moving average price is $298.21 and its two-hundred day moving average price is $290.42. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. The company has a market cap of $16.27 billion, a P/E ratio of 37.40, a P/E/G ratio of 2.03 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.36 EPS. As a group, analysts expect that Clean Harbors, Inc. will post 9.51 EPS for the current year.

Insider Transactions at Clean Harbors

In other news, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total value of $247,753.89. Following the completion of the transaction, the director directly owned 8,979 shares in the company, valued at approximately $2,819,495.79. This trade represents a 8.08% 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. Also, Director Lauren States sold 789 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the transaction, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This represents a 6.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 5.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently issued reports on CLH shares. UBS Group lifted their price target on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Bank of America set a $377.00 price objective on shares of Clean Harbors and gave the stock a “buy” rating in a report on Thursday, July 30th. Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. The Goldman Sachs Group reiterated a “neutral” rating on shares of Clean Harbors in a report on Wednesday, July 29th. Finally, Needham & Company LLC boosted their target price on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $354.57.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.