Fiduciary Alliance LLC Purchases New Position in Clean Harbors, Inc. (NYSE:CLH)

Fiduciary Alliance LLC purchased a new position in Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,674 shares of the business services provider’s stock, valued at approximately $846,000.

Several other large investors also recently added to or reduced their stakes in CLH. Barclays PLC boosted its holdings in shares of Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after purchasing an additional 8,639 shares during the period. Driehaus Capital Management LLC boosted its stake in Clean Harbors by 17.1% during the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock worth $28,000,000 after buying an additional 18,058 shares during the period. Bridges Investment Management Inc. purchased a new stake in shares of Clean Harbors in the second quarter valued at $729,000. Advisor Resource Council purchased a new stake in shares of Clean Harbors in the third quarter valued at $926,000. Finally, Anthracite Investment Company Inc. bought a new stake in shares of Clean Harbors in the 3rd quarter worth about $1,692,000. 90.43% of the stock is owned by institutional investors.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $229.71 on Tuesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The stock has a market cap of $12.38 billion, a price-to-earnings ratio of 29.91 and a beta of 1.24. The firm’s 50-day moving average is $243.84 and its two-hundred day moving average is $240.84. Clean Harbors, Inc. has a 1 year low of $162.36 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. Clean Harbors’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.68 earnings per share. As a group, research analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Needham & Company LLC reduced their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Oppenheimer boosted their price objective on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday. TD Cowen assumed coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Finally, Robert W. Baird lowered their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $269.44.

Insider Transactions at Clean Harbors

In related news, insider Robert Speights sold 610 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the sale, the director now owns 12,534 shares of the company’s stock, valued at approximately $3,071,582.04. This trade represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,138 shares of company stock valued at $2,039,175. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors 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.