Proficio Capital Partners LLC Purchases Shares of 1,996 Clean Harbors, Inc. $CLH

Proficio Capital Partners LLC purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 1,996 shares of the business services provider’s stock, valued at approximately $596,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Elyxium Wealth LLC bought a new stake in Clean Harbors during the fourth quarter valued at $26,000. Quattro Advisors LLC bought a new position in Clean Harbors in the 4th quarter worth about $26,000. MidFirst Bank purchased a new stake in shares of Clean Harbors in the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust raised its holdings in shares of Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. The trade was a 4.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director directly owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This trade represents a 8.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CLH shares. BMO Capital Markets boosted their price objective on Clean Harbors from $340.00 to $342.00 and gave the stock an “outperform” rating in a report on Wednesday, July 8th. Barclays lifted their target price on shares of Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Needham & Company LLC boosted their price target on shares of Clean Harbors from $325.00 to $390.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Stifel Nicolaus increased their price target on shares of Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Citigroup raised their price objective on shares of Clean Harbors from $349.00 to $376.00 and gave the company 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 issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $354.57.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $311.88 on Friday. The firm has a market capitalization of $16.46 billion, a PE ratio of 37.85, a price-to-earnings-growth ratio of 2.02 and a beta of 0.86. The company has a current ratio of 2.13, a quick ratio of 1.80 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $335.94. The business’s 50-day moving average price is $307.08 and its 200-day moving average price is $296.18.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. The company had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.Clean Harbors’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.36 EPS. Sell-side analysts forecast that Clean Harbors, Inc. will post 9.72 EPS for the current fiscal year.

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.