Southeast Asset Advisors Inc. Acquires 1,087 Shares of Clean Harbors, Inc. (NYSE:CLH)

Southeast Asset Advisors Inc. boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,830 shares of the business services provider’s stock after acquiring an additional 1,087 shares during the quarter. Southeast Asset Advisors Inc.’s holdings in Clean Harbors were worth $3,286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new position in Clean Harbors during the fourth quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in Clean Harbors during the third quarter worth $25,000. C M Bidwell & Associates Ltd. acquired a new position in Clean Harbors during the third quarter worth $33,000. National Bank of Canada FI bought a new stake in shares of Clean Harbors in the 4th quarter worth $34,000. Finally, Blue Trust Inc. grew its stake in shares of Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after acquiring an additional 75 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 analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Robert W. Baird raised their target price on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Stifel Nicolaus restated a “buy” rating and issued a $220.00 target price on shares of Clean Harbors in a report on Monday, April 22nd. Needham & Company LLC reissued a “buy” rating and set a $235.00 price objective on shares of Clean Harbors in a research report on Thursday, May 2nd. Finally, Raymond James upped their price target on shares of Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and a consensus price target of $216.40.

Clean Harbors Price Performance

Shares of CLH stock traded up $3.54 on Wednesday, reaching $216.01. The company’s stock had a trading volume of 100,549 shares, compared to its average volume of 311,158. The stock’s fifty day simple moving average is $204.75 and its 200-day simple moving average is $186.22. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $219.28. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 30.75 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted $1.36 earnings per share. Clean Harbors’s revenue for the quarter was up 5.3% compared to the same quarter last year. Analysts forecast that Clean Harbors, Inc. will post 7.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lauren States sold 1,148 shares of Clean Harbors stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the sale, the director now owns 13,767 shares of the company’s stock, valued at $3,003,133.38. The disclosure for this sale can be found here. Insiders sold a total of 32,533 shares of company stock worth $6,364,167 over the last three months. 5.90% of the stock is owned by insiders.

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.