Concurrent Investment Advisors LLC Buys 3,181 Shares of Clean Harbors, Inc. $CLH

Concurrent Investment Advisors LLC increased its stake in Clean Harbors, Inc. (NYSE:CLH) by 209.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,700 shares of the business services provider’s stock after purchasing an additional 3,181 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Clean Harbors were worth $1,102,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $30,000. V Square Quantitative Management LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $34,000. True Wealth Design LLC raised its holdings in shares of Clean Harbors by 102.7% in the 4th quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock worth $36,000 after purchasing an additional 77 shares during the period. Bayforest Capital Ltd bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $44,000. Finally, First Horizon Corp bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $44,000. Institutional investors own 90.43% of the company’s stock.

Insider Activity

In other news, CEO Eric W. Gerstenberg sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the completion of the transaction, the chief executive officer directly owned 38,877 shares in the company, valued at $11,390,961. The trade was a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marcy L. Reed sold 836 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total transaction of $240,717.84. Following the transaction, the director owned 5,081 shares of the company’s stock, valued at $1,463,023.14. This trade represents a 14.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 13,597 shares of company stock worth $3,895,286. Company insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. TD Cowen reiterated a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. Wells Fargo & Company lifted their price objective on shares of Clean Harbors from $291.00 to $309.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 18th. Wall Street Zen upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Finally, Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and an average target price of $314.00.

Clean Harbors Stock Up 2.2%

Clean Harbors stock opened at $313.07 on Friday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $316.98. The firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 43.00 and a beta of 0.94. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The firm has a 50 day simple moving average of $294.02 and a 200 day simple moving average of $259.17.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 EPS. On average, analysts predict that Clean Harbors, Inc. will post 8.25 earnings per share for the current year.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.