1,339 Shares in Clean Harbors, Inc. (NYSE:CLH) Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new position in Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 1,339 shares of the business services provider’s stock, valued at approximately $308,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wellington Management Group LLP lifted its stake in shares of Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after acquiring an additional 100,394 shares during the period. FMR LLC lifted its stake in shares of Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after acquiring an additional 187,140 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Clean Harbors by 0.5% in the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock worth $386,477,000 after acquiring an additional 7,948 shares during the period. State Street Corp lifted its stake in shares of Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock worth $365,070,000 after acquiring an additional 21,662 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Clean Harbors by 1.4% in the third quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock worth $204,955,000 after acquiring an additional 11,808 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Clean Harbors

In related news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock valued at $444,558 over the last ninety days. 5.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. TD Cowen began coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday. BMO Capital Markets dropped their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday. Truist Financial dropped their price target on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus dropped their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $270.56.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $217.77 on Monday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a twelve month low of $180.24 and a twelve month high of $267.11. The stock’s 50 day moving average is $233.16 and its 200-day moving average is $242.21. The firm has a market capitalization of $11.73 billion, a price-to-earnings ratio of 29.35 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. Clean Harbors’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.