Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by Picton Mahoney Asset Management

Picton Mahoney Asset Management lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,016 shares of the business services provider’s stock after acquiring an additional 4,795 shares during the quarter. Picton Mahoney Asset Management owned 0.08% of Clean Harbors worth $9,900,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after acquiring an additional 159 shares during the period. Allworth Financial LP grew its position in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after buying an additional 103 shares during the period. Assetmark Inc. grew its position in Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after buying an additional 205 shares during the period. Prospera Private Wealth LLC acquired a new position in Clean Harbors during the third quarter worth about $56,000. Finally, UMB Bank n.a. grew its position in Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after buying an additional 66 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the transaction, the director now owns 12,534 shares in the company, valued at $3,071,582.04. This trade represents a 2.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,649 shares of company stock worth $738,519 in the last quarter. 5.90% of the stock is owned by insiders.

Clean Harbors Stock Up 1.9 %

Shares of NYSE CLH opened at $193.11 on Friday. Clean Harbors, Inc. has a 1 year low of $186.54 and a 1 year high of $267.11. The firm’s 50 day moving average price is $223.92 and its 200 day moving average price is $238.34. The firm has a market cap of $10.40 billion, a P/E ratio of 26.03 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 (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 6.83% and a return on equity of 16.33%. Clean Harbors’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.82 EPS. As a group, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CLH. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Oppenheimer dropped their price objective 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. BMO Capital Markets dropped their price objective 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. Robert W. Baird dropped their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Finally, TD Cowen started coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $270.56.

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.