Transcend Capital Advisors LLC Purchases New Stake in Clean Harbors, Inc. (NYSE:CLH)

Transcend Capital Advisors LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,339 shares of the business services provider’s stock, valued at approximately $308,000.

A number of other large investors have also added to or reduced their stakes in CLH. Allworth Financial LP raised its stake in Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 103 shares during the period. Prospera Private Wealth LLC bought a new position in Clean Harbors during the 3rd quarter worth $56,000. CENTRAL TRUST Co increased its position in Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after buying an additional 160 shares during the period. UMB Bank n.a. increased its position in Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after buying an additional 66 shares during the period. Finally, Spire Wealth Management increased its position in Clean Harbors by 396.7% during the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after buying an additional 238 shares during the period. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

NYSE:CLH opened at $217.77 on Monday. The stock’s 50-day simple moving average is $233.16 and its 200 day simple moving average is $242.21. The firm has a market capitalization of $11.73 billion, a PE ratio of 29.35 and a beta of 1.24. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a twelve month low of $180.24 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CLH has been the topic of several recent research reports. Oppenheimer lowered their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday. TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. BMO Capital Markets reduced their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Robert W. Baird reduced their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday. One research 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.com, the company currently has a consensus rating of “Buy” and a consensus target price of $270.56.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock valued at $444,558 over the last ninety days. 5.90% of the stock is 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.