Colonial Trust Advisors Lowers Position in Clean Harbors, Inc. (NYSE:CLH)

Colonial Trust Advisors cut its position in Clean Harbors, Inc. (NYSE:CLH) by 2.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,470 shares of the business services provider’s stock after selling 209 shares during the quarter. Colonial Trust Advisors’ holdings in Clean Harbors were worth $2,179,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CLH. Reliant Investment Management LLC acquired a new position in shares of Clean Harbors during the fourth quarter valued at about $4,386,000. Fiduciary Alliance LLC purchased a new position in shares of Clean Harbors during the 4th quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC raised its stake in Clean Harbors by 4.5% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after purchasing an additional 4,240 shares during the last quarter. Barclays PLC raised its stake in Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after purchasing an additional 8,639 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in Clean Harbors by 17.8% in the 4th quarter. Versant Capital Management Inc now owns 384 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 58 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CLH. Stifel Nicolaus cut their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group decreased their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, BMO Capital Markets cut their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $266.56.

Clean Harbors Trading Up 8.5 %

Shares of CLH stock opened at $197.64 on Thursday. The business’s fifty day moving average price is $207.74 and its 200 day moving average price is $231.98. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The firm has a market capitalization of $10.64 billion, a PE ratio of 26.64 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 posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS 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 the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $1.82 earnings per share. Clean Harbors’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity

In other news, CFO Eric J. Dugas acquired 1,050 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,341 shares of company stock worth $663,041 over the last three months. 5.90% of the stock is currently owned by corporate insiders.

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.