Seaport Global Advisors LLC makes a new $688,000 investment in Clean Harbors, Inc. (NYSE:CLH)

Seaport Global Advisors LLC bought a new stake in Clean Harbors, Inc. (NYSE:CLH – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,044 shares of the business services provider’s stock, valued at approximately $688,000. Clean Harbors comprises 2.5% of Seaport Global Advisors LLC’s holdings, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Freres Gestion SAS bought a new position in Clean Harbors in the second quarter worth approximately $42,968,000. Wellington Management Group LLP raised its position in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 shares during the period. DAVENPORT & Co LLC grew its position in Clean Harbors by 93.1% in the first quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock valued at $53,124,000 after acquiring an additional 127,498 shares during the period. Marshall Wace LLP boosted its position in Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after acquiring an additional 90,756 shares during the period. actions during the period. Finally, Spirepoint Private Client LLC bought a new position in shares of Clean Harbors in the first quarter worth $16,594,000. Institutional investors and hedge funds own 90.43% of the company’s shares.

Analysts on Wall Street are forecasting an increase

A number of brokerages have recently weighed in on CLH. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday. Goldman Sachs Group boosted their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Robert W. Baird boosted their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. Oppenheimer raised their target price on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Truist Financial upped their target price on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $242.40, according to MarketBeat.com.

Check out our latest CLH review

Insiders place their bets

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. In other news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Also, Director Lauren States sold 309 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the sale, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s shares.

Clean Harbors trading down 2.0%

Shares of NYSE CLH opened at $238.43 on Monday. The stock has a market cap of $12.86 billion, a price-to-earnings ratio of 34.51 and a beta of 1.20. The company has a 50-day simple moving average of $237.89 and a 200-day simple moving average of $220.22. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.76, and a current ratio of 2.10. Clean Harbors, Inc. it has a 52-week low of $132.92 and a 52-week high of $251.65.

Clean Harbors (NYSE:CLH – Get Free Report ) last announced its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. In the same quarter in the previous year, the business posted EPS of $2.13. Clean Harbors’s quarterly revenue was up 10.9% on a year-over-year basis. On average, research analysts predict that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

About clean ports

(Free Report)

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 of hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, laboratory chemical disposal and explosives management services ; and provides CleanPack services, including the collection, identification, sorting, specialized packaging, transportation and disposal of laboratory chemicals and household hazardous waste.

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