K.J. Harrison & Partners Inc Acquires 1,443 Shares of Clean Harbors, Inc. (NYSE:CLH)

K.J. Harrison & Partners Inc lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 9.0% during the fourth quarter, HoldingsChannel reports. The firm owned 17,495 shares of the business services provider’s stock after purchasing an additional 1,443 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Clean Harbors were worth $4,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Amalgamated Bank raised its position in Clean Harbors by 0.3% in the fourth quarter. Amalgamated Bank now owns 24,263 shares of the business services provider’s stock worth $5,584,000 after acquiring an additional 73 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of Clean Harbors during the 4th quarter worth approximately $4,948,000. Sigma Planning Corp raised its holdings in shares of Clean Harbors by 44.7% in the 4th quarter. Sigma Planning Corp now owns 6,446 shares of the business services provider’s stock worth $1,483,000 after purchasing an additional 1,990 shares during the period. Transcend Capital Advisors LLC purchased a new position in Clean Harbors in the fourth quarter valued at approximately $308,000. Finally, Allianz Asset Management GmbH lifted its stake in Clean Harbors by 50.4% in the fourth quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock valued at $68,367,000 after purchasing an additional 99,591 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’s 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 sale, the director now owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders sold 924 shares of company stock valued at $219,570. Company insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

CLH stock opened at $213.07 on Thursday. The firm has a 50 day moving average of $231.51 and a 200-day moving average of $241.72. The firm has a market capitalization of $11.48 billion, a P/E ratio of 28.72 and a beta of 1.24. Clean Harbors, Inc. has a 12 month low of $180.37 and a 12 month high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.82 EPS. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BMO Capital Markets decreased their target price 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. Stifel Nicolaus decreased their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Truist Financial dropped their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. StockNews.com downgraded shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird dropped their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $270.56.

About Clean Harbors

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.