Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Cramer Rosenthal Mcglynn LLC

Cramer Rosenthal Mcglynn LLC grew its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 104,264 shares of the business services provider’s stock after purchasing an additional 2,478 shares during the quarter. Clean Harbors accounts for 1.4% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 29th largest position. Cramer Rosenthal Mcglynn LLC’s holdings in Clean Harbors were worth $23,995,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Traynor Capital Management Inc. grew its holdings in Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock worth $334,000 after acquiring an additional 50 shares during the period. Williamson Legacy Group LLC grew its stake in shares of Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock worth $858,000 after purchasing an additional 53 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Clean Harbors by 10.1% in the 4th quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock worth $142,000 after purchasing an additional 57 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Clean Harbors by 17.8% in the 4th quarter. Versant Capital Management Inc now owns 384 shares of the business services provider’s stock worth $88,000 after purchasing an additional 58 shares in the last quarter. Finally, Scotia Capital Inc. lifted its stake in Clean Harbors by 0.4% during the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock valued at $3,282,000 after purchasing an additional 59 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

NYSE CLH opened at $207.25 on Friday. The company has a 50 day simple moving average of $203.79 and a 200-day simple moving average of $230.37. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The firm has a market capitalization of $11.16 billion, a price-to-earnings ratio of 27.93 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

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

Insider Activity at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas acquired 1,050 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the topic of several recent research reports. The Goldman Sachs Group decreased their price target on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Robert W. Baird cut their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus decreased their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. UBS Group reduced their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Finally, Oppenheimer dropped their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus price target of $260.40.

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.