HighTower Advisors LLC Increases Stock Holdings in Clean Harbors, Inc. $CLH

HighTower Advisors LLC raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 44.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,678 shares of the business services provider’s stock after purchasing an additional 2,051 shares during the quarter. HighTower Advisors LLC’s holdings in Clean Harbors were worth $1,551,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. increased its position in shares of Clean Harbors by 33.9% during the third quarter. Assetmark Inc. now owns 391 shares of the business services provider’s stock valued at $91,000 after buying an additional 99 shares during the period. Atria Investments Inc grew its holdings in shares of Clean Harbors by 4.2% during the 3rd quarter. Atria Investments Inc now owns 28,927 shares of the business services provider’s stock worth $6,717,000 after acquiring an additional 1,163 shares during the period. Caprock Group LLC bought a new position in shares of Clean Harbors in the 3rd quarter worth approximately $263,000. Baader Bank Aktiengesellschaft purchased a new position in shares of Clean Harbors in the 3rd quarter valued at approximately $395,000. Finally, Candriam S.C.A. boosted its position in shares of Clean Harbors by 36.4% during the third quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock valued at $15,992,000 after purchasing an additional 18,367 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price objective on Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Needham & Company LLC increased their price target on shares of Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Barclays boosted their price objective on shares of Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. CJS Securities raised shares of Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Oppenheimer lifted their target price on shares of Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $292.18.

Clean Harbors Stock Up 0.4%

Clean Harbors stock opened at $293.67 on Monday. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $294.94. The stock has a fifty day simple moving average of $260.22 and a two-hundred day simple moving average of $241.74. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 40.34 and a beta of 0.92.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The company had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the firm posted $1.55 earnings per share. Clean Harbors’s revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director John R. Welch sold 750 shares of Clean Harbors stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $273.07, for a total value of $204,802.50. Following the completion of the sale, the director owned 10,237 shares of the company’s stock, valued at approximately $2,795,417.59. The trade was a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 601 shares of the business’s stock in a transaction on Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the sale, the chief executive officer owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 7,679 shares of company stock worth $2,132,403. 5.60% of the stock is owned by insiders.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.