Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Pitcairn Co.

Pitcairn Co. raised its stake in Clean Harbors, Inc. (NYSE:CLH) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,090 shares of the business services provider’s stock after purchasing an additional 67 shares during the period. Pitcairn Co.’s holdings in Clean Harbors were worth $711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Traynor Capital Management Inc. lifted its holdings in shares of Clean Harbors by 3.6% in the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 50 shares during the last quarter. Williamson Legacy Group LLC increased its position in Clean Harbors by 1.4% during the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock worth $858,000 after buying an additional 53 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Clean Harbors by 10.1% in the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 57 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Clean Harbors by 17.8% in the fourth quarter. Versant Capital Management Inc now owns 384 shares of the business services provider’s stock valued at $88,000 after acquiring an additional 58 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Clean Harbors by 15.7% during the fourth quarter. Blue Trust Inc. now owns 441 shares of the business services provider’s stock worth $107,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Down 4.2 %

CLH opened at $190.21 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a 12 month low of $184.52 and a 12 month high of $267.11. The stock has a market capitalization of $10.24 billion, a P/E ratio of 25.63 and a beta of 1.11. The business has a 50 day simple moving average of $212.46 and a 200-day simple moving average of $233.93.

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

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 308 shares of the company’s stock in a transaction on 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 approximately $2,922,503.04. This 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 is accessible through the SEC website. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,341 shares of company stock valued at $663,041. Corporate insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of recent research reports. TD Cowen initiated coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. Stifel Nicolaus lowered their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Robert W. Baird dropped their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Truist Financial decreased their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $266.56.

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.