Truvestments Capital LLC Raises Position in Clean Harbors, Inc. (NYSE:CLH)

Truvestments Capital LLC lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 20.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,609 shares of the business services provider’s stock after purchasing an additional 778 shares during the period. Truvestments Capital LLC’s holdings in Clean Harbors were worth $1,061,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Allworth Financial LP increased its stake in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. grew its stake in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after buying an additional 205 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in Clean Harbors in the 3rd quarter valued at approximately $56,000. UMB Bank n.a. grew its stake in Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after buying an additional 66 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after buying an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, CFO Eric J. Dugas purchased 1,050 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 completion of the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,649 shares of company stock valued at $738,519 over the last three months. Insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CLH shares. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Robert W. Baird cut their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Stifel Nicolaus cut their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Oppenheimer cut their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $270.56.

Clean Harbors Stock Performance

NYSE CLH opened at $192.42 on Wednesday. Clean Harbors, Inc. has a 52-week low of $185.22 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The company has a market capitalization of $10.36 billion, a P/E ratio of 25.93 and a beta of 1.22. The company has a fifty day moving average of $226.20 and a 200-day moving average of $239.35.

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

Clean Harbors 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.