Cetera Investment Advisers Increases Stake in Clean Harbors, Inc. (NYSE:CLH)

Cetera Investment Advisers boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,384 shares of the business services provider’s stock after acquiring an additional 117 shares during the quarter. Cetera Investment Advisers’ holdings in Clean Harbors were worth $3,310,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Traynor Capital Management Inc. raised its position 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 valued at $334,000 after acquiring an additional 50 shares in the last quarter. Williamson Legacy Group LLC increased its position in shares of Clean Harbors by 1.4% in the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock valued at $858,000 after buying an additional 53 shares in the last quarter. Scotia Capital Inc. increased its position in shares of Clean Harbors by 0.4% in the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock valued at $3,282,000 after buying an additional 59 shares in the last quarter. Blue Trust Inc. increased its position in shares of Clean Harbors by 15.7% in the fourth quarter. Blue Trust Inc. now owns 441 shares of the business services provider’s stock valued at $107,000 after buying an additional 60 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in shares of Clean Harbors by 25.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider’s stock valued at $71,000 after buying an additional 62 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Oppenheimer cut their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus cut their price objective 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. The Goldman Sachs Group cut their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Finally, BMO Capital Markets cut their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.67.

Clean Harbors Stock Up 1.3%

Shares of CLH opened at $232.70 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The stock has a market capitalization of $12.47 billion, a price-to-earnings ratio of 31.36 and a beta of 1.19. The stock has a 50 day moving average price of $206.23 and a 200 day moving average price of $225.39.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the previous year, the business earned $1.29 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction 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 transaction, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the business’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 transaction, the director now directly owns 11,918 shares in the company, 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. 5.60% 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.