Boothbay Fund Management LLC Sells 9,620 Shares of Clean Harbors, Inc. $CLH

Boothbay Fund Management LLC reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 14.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 57,586 shares of the business services provider’s stock after selling 9,620 shares during the period. Boothbay Fund Management LLC’s holdings in Clean Harbors were worth $13,503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Elyxium Wealth LLC purchased a new position in shares of Clean Harbors in the 4th quarter worth approximately $26,000. Quattro Advisors LLC acquired a new position in Clean Harbors in the 4th quarter worth approximately $26,000. Parkside Financial Bank & Trust increased its holdings in Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the period. Larson Financial Group LLC increased its holdings in Clean Harbors by 676.5% in the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock worth $31,000 after buying an additional 115 shares during the period. Finally, Manchester Capital Management LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $31,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Trading Down 1.0%

Shares of CLH stock opened at $287.82 on Thursday. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The stock’s fifty day moving average is $294.67 and its two-hundred day moving average is $275.03. The firm has a market capitalization of $15.21 billion, a P/E ratio of 39.00 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm earned $1.09 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts expect that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CLH. Oppenheimer increased their target price on Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Robert W. Baird increased their target price on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Needham & Company LLC increased their target price on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Stifel Nicolaus began coverage on Clean Harbors in a research report on Friday, May 29th. They set a “buy” rating and a $337.00 target price on the stock. Finally, UBS Group increased their target price on Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $323.23.

Insider Activity

In related news, Director Lauren States sold 789 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 5.00% of the company’s stock.

Clean Harbors Company 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.