Steward Partners Investment Advisory LLC Acquires New Holdings in Clean Harbors, Inc. (NYSE:CLH)

Steward Partners Investment Advisory LLC acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLHGet Rating) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 264 shares of the business services provider’s stock, valued at approximately $29,000.

Several other hedge funds also recently bought and sold shares of CLH. Lazard Asset Management LLC purchased a new position in Clean Harbors in the 4th quarter worth approximately $27,000. UMB Bank N A MO grew its stake in Clean Harbors by 656.3% in the 1st quarter. UMB Bank N A MO now owns 242 shares of the business services provider’s stock worth $27,000 after buying an additional 210 shares in the last quarter. Quent Capital LLC purchased a new position in Clean Harbors in the 4th quarter worth approximately $50,000. MAI Capital Management grew its stake in Clean Harbors by 9.9% in the 4th quarter. MAI Capital Management now owns 2,137 shares of the business services provider’s stock worth $213,000 after buying an additional 192 shares in the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new position in Clean Harbors in the 4th quarter worth approximately $214,000. Hedge funds and other institutional investors own 86.53% of the company’s stock.

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 750 shares of the stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $90.68, for a total transaction of $68,010.00. Following the sale, the director now directly owns 12,332 shares of the company’s stock, valued at approximately $1,118,265.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Michael Louis Battles bought 2,000 shares of the stock in a transaction on Thursday, May 12th. The shares were acquired at an average price of $88.35 per share, for a total transaction of $176,700.00. Following the purchase, the chief financial officer now owns 70,440 shares of the company’s stock, valued at $6,223,374. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Lauren States sold 750 shares of the stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $90.68, for a total transaction of $68,010.00. Following the completion of the transaction, the director now owns 12,332 shares in the company, valued at approximately $1,118,265.76. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by insiders.

Clean Harbors Stock Up 3.0 %

NYSE:CLH opened at $110.09 on Friday. The firm’s 50-day moving average price is $91.14 and its 200-day moving average price is $96.71. The company has a market capitalization of $5.99 billion, a PE ratio of 19.52 and a beta of 1.53. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.94 and a quick ratio of 1.69. Clean Harbors, Inc. has a 1-year low of $81.56 and a 1-year high of $118.89.

Clean Harbors (NYSE:CLHGet Rating) last released its earnings results on Wednesday, August 3rd. The business services provider reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.53 by $0.91. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.23 billion. Clean Harbors had a net margin of 6.70% and a return on equity of 18.40%. The company’s revenue was up 46.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 EPS. On average, equities analysts predict that Clean Harbors, Inc. will post 4.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on CLH. Robert W. Baird boosted their price target on shares of Clean Harbors from $131.00 to $150.00 in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and issued a $130.00 price target on shares of Clean Harbors in a research note on Friday, May 6th. BMO Capital Markets boosted their price objective on shares of Clean Harbors from $104.00 to $124.00 and gave the stock an “outperform” rating in a report on Thursday. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Thursday. Finally, Raymond James boosted their price objective on shares of Clean Harbors from $135.00 to $145.00 and gave the stock a “strong-buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $133.00.

Clean Harbors Profile

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Clean Harbors, Inc provides environmental and industrial services in North America. 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 CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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