Raymond James Financial Inc. Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Raymond James Financial Inc. bought a new stake in Clean Harbors, Inc. (NYSE:CLH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 251,829 shares of the business services provider’s stock, valued at approximately $57,956,000. Raymond James Financial Inc. owned 0.47% of Clean Harbors as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Reliant Investment Management LLC purchased a new position in Clean Harbors during the fourth quarter valued at $4,386,000. Fiduciary Alliance LLC purchased a new position in Clean Harbors during the fourth quarter valued at $846,000. Mountain Pacific Investment Advisers LLC raised its stake in Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after buying an additional 4,240 shares during the last quarter. Barclays PLC raised its stake in Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after buying an additional 8,639 shares during the last quarter. Finally, Anthracite Investment Company Inc. purchased a new position in Clean Harbors during the third quarter valued at $1,692,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In related news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 924 shares of company stock valued at $219,570 over the last 90 days. Company insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Stifel Nicolaus reduced their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. Oppenheimer decreased their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, BMO Capital Markets decreased their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and an average target price of $270.56.

Clean Harbors Stock Down 4.4 %

Clean Harbors stock opened at $188.36 on Tuesday. The stock has a market cap of $10.14 billion, a PE ratio of 25.38 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a one year low of $184.51 and a one year high of $267.11. The stock has a fifty day moving average of $226.95 and a 200 day moving average of $239.72.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 earnings per share. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

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.