Otter Creek Advisors LLC Sells 2,271 Shares of Clean Harbors, Inc. (NYSE:CLH)

Otter Creek Advisors LLC lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 14.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,784 shares of the business services provider’s stock after selling 2,271 shares during the quarter. Otter Creek Advisors LLC’s holdings in Clean Harbors were worth $3,172,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Allworth Financial LP lifted its position in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares during the period. Prospera Private Wealth LLC bought a new position in Clean Harbors in the third quarter worth about $56,000. UMB Bank n.a. boosted its position in Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 66 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Clean Harbors by 396.7% during the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after acquiring an additional 238 shares during the period. Finally, TD Private Client Wealth LLC raised its position in shares of Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after acquiring an additional 87 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CLH. 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. Robert W. Baird reduced their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. TD Cowen initiated coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. Needham & Company LLC restated a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a report on Thursday, February 20th. Finally, BMO Capital Markets decreased their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $270.56.

Clean Harbors Stock Performance

Shares of CLH opened at $213.07 on Thursday. Clean Harbors, Inc. has a 12 month low of $180.37 and a 12 month high of $267.11. The business’s fifty day simple moving average is $231.51 and its two-hundred day simple moving average is $241.72. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 28.72 and a beta of 1.24.

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

Insider Activity

In related news, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 in the company, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 924 shares of company stock valued at $219,570 over the last three months. Insiders own 5.90% of the company’s stock.

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.