Versant Capital Management Inc Has $88,000 Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Versant Capital Management Inc grew its stake in Clean Harbors, Inc. (NYSE:CLH) by 17.8% during the 4th quarter, HoldingsChannel reports. The firm owned 384 shares of the business services provider’s stock after acquiring an additional 58 shares during the quarter. Versant Capital Management Inc’s holdings in Clean Harbors were worth $88,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc raised its stake in Clean Harbors by 10.0% during the second quarter. CIBC Asset Management Inc now owns 1,510 shares of the business services provider’s stock worth $341,000 after acquiring an additional 137 shares in the last quarter. Victory Capital Management Inc. boosted its position in Clean Harbors by 1.6% in the second quarter. Victory Capital Management Inc. now owns 327,832 shares of the business services provider’s stock valued at $74,139,000 after buying an additional 5,187 shares in the last quarter. Arizona State Retirement System grew its stake in Clean Harbors by 1.6% during the second quarter. Arizona State Retirement System now owns 14,346 shares of the business services provider’s stock worth $3,244,000 after buying an additional 225 shares during the last quarter. Otter Creek Advisors LLC acquired a new stake in shares of Clean Harbors during the second quarter worth approximately $3,485,000. Finally, Caprock Group LLC raised its stake in shares of Clean Harbors by 19.3% in the second quarter. Caprock Group LLC now owns 1,251 shares of the business services provider’s stock valued at $283,000 after acquiring an additional 202 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Trading Up 1.0 %

NYSE:CLH opened at $231.77 on Friday. The firm has a market capitalization of $12.49 billion, a price-to-earnings ratio of 30.18 and a beta of 1.22. Clean Harbors, Inc. has a 1-year low of $161.39 and a 1-year high of $267.11. The business’s 50-day moving average price is $245.42 and its two-hundred day moving average price is $240.66. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the previous year, the business earned $1.68 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. On average, equities analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CLH. TD Cowen initiated coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price target for the company. Stifel Nicolaus increased their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird dropped their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC decreased their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Truist Financial boosted their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors currently has an average rating of “Buy” and an average target price of $271.00.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $245.06, for a total value of $75,478.48. Following the sale, the director now owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This trade represents a 2.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the business’s 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 sale, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,446 shares of company stock valued at $2,119,483. 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.