Tectonic Advisors LLC Sells 12,557 Shares of Clean Harbors, Inc. (NYSE:CLH)

Tectonic Advisors LLC cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 25.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,360 shares of the business services provider’s stock after selling 12,557 shares during the quarter. Tectonic Advisors LLC owned approximately 0.07% of Clean Harbors worth $9,030,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of Clean Harbors during the 2nd quarter worth about $25,000. UMB Bank n.a. increased its stake in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors during the 2nd quarter worth about $56,000. CENTRAL TRUST Co increased its stake in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in Clean Harbors by 117.7% in the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock valued at $72,000 after buying an additional 173 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $255.49 on Friday. The company has a market cap of $13.78 billion, a PE ratio of 36.97 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. The company has a 50 day moving average of $245.86 and a 200-day moving average of $227.35. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $261.81.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.21 by $0.25. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.13 EPS. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Oppenheimer upped their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. The Goldman Sachs Group upped their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Needham & Company LLC upped their price target on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and a consensus target price of $250.89.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the company’s 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 completion of the transaction, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren States sold 309 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the sale, the director now owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,617 shares of company stock valued at $2,613,132 in the last quarter. Insiders own 5.90% of the company’s stock.

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.