Catalyst Funds Management Pty Ltd Purchases New Holdings in Clean Harbors, Inc. (NYSE:CLH)

Catalyst Funds Management Pty Ltd acquired a new position in Clean Harbors, Inc. (NYSE:CLH) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 3,200 shares of the business services provider’s stock, valued at approximately $736,000.

Several other institutional investors also recently modified their holdings of CLH. Skandinaviska Enskilda Banken AB publ raised its position in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP lifted its position 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 buying an additional 103 shares during the period. Assetmark Inc. lifted its position in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after buying an additional 205 shares during the period. Prospera Private Wealth LLC bought a new stake in Clean Harbors in the third quarter valued at $56,000. Finally, UMB Bank n.a. raised its stake in Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after acquiring an additional 66 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CLH shares. TD Cowen started coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Stifel Nicolaus dropped their target price on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, BMO Capital Markets dropped their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and a consensus price target of $270.56.

Insider Activity at Clean Harbors

In related news, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,649 shares of company stock worth $738,519 in the last quarter. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $193.11 on Friday. The firm has a fifty day moving average of $223.92 and a two-hundred day moving average of $238.30. 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 stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 26.03 and a beta of 1.22. Clean Harbors, Inc. has a 52 week low of $186.54 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH) last released its earnings results 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 firm 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%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.82 earnings per share. As a group, equities research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current 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.