871 Shares in Clean Harbors, Inc. (NYSE:CLH) Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 871 shares of the business services provider’s stock, valued at approximately $200,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Clean Harbors during the 4th quarter worth approximately $57,956,000. FMR LLC increased its stake in Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 shares during the period. Wellington Management Group LLP increased its stake in Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Clean Harbors by 50.4% during 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 period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Clean Harbors during the fourth quarter valued at $16,525,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on CLH. Robert W. Baird decreased their price objective 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. Oppenheimer decreased their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group dropped their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 19th. 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. Finally, Stifel Nicolaus dropped their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One 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. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $266.56.

Clean Harbors Stock Up 0.1 %

Shares of NYSE CLH opened at $199.57 on Friday. The stock has a market capitalization of $10.75 billion, a PE ratio of 26.90 and a beta of 1.22. 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, Inc. has a 12-month low of $186.54 and a 12-month high of $267.11. The stock’s fifty day simple moving average is $217.75 and its two-hundred day simple moving average is $235.69.

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, beating the consensus estimate of $1.36 by $0.19. The company 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 firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 earnings per share. As a group, analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas acquired 1,050 shares of the stock in a transaction dated Monday, March 10th. The stock was purchased at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares in the company, 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 have sold a total of 3,341 shares of company stock valued at $663,041 in the last 90 days. Insiders own 5.90% of the company’s stock.

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.