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

Fiduciary Alliance LLC bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the 4th quarter, HoldingsChannel.com reports. The fund bought 3,674 shares of the business services provider’s stock, valued at approximately $846,000.

Other hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in shares of Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after buying an additional 8,639 shares during the last quarter. Driehaus Capital Management LLC grew its stake in Clean Harbors by 17.1% during the 2nd quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock valued at $28,000,000 after purchasing an additional 18,058 shares during the last quarter. Bridges Investment Management Inc. acquired a new position in shares of Clean Harbors in the second quarter valued at about $729,000. Advisor Resource Council purchased a new position in shares of Clean Harbors in the third quarter worth about $926,000. Finally, Anthracite Investment Company Inc. acquired a new stake in shares of Clean Harbors during the third quarter worth about $1,692,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 610 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, the insider now owns 39,160 shares in the company, valued at approximately $9,403,882.40. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 861 shares of Clean Harbors 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 sale, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,138 shares of company stock valued at $2,039,175. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Price Performance

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 capitalization of $12.38 billion, a PE ratio of 29.91 and a beta of 1.24. The business has a 50 day simple moving average of $243.84 and a 200-day simple moving average of $240.84. Clean Harbors, Inc. has a 12 month low of $162.36 and a 12 month high of $267.11.

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