Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its position in Clean Harbors, Inc. (NYSE:CLH) by 26.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 29,929 shares of the business services provider’s stock after purchasing an additional 6,226 shares during the quarter. Gotham Asset Management LLC’s holdings in Clean Harbors were worth $6,888,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth purchased a new position in Clean Harbors in the fourth quarter valued at about $234,000. Ethic Inc. raised its position in Clean Harbors by 127.4% in the fourth quarter. Ethic Inc. now owns 3,095 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 1,734 shares during the period. Deutsche Bank AG raised its position in Clean Harbors by 1.0% in the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock valued at $1,333,000 after purchasing an additional 56 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Clean Harbors by 0.5% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 17,664 shares of the business services provider’s stock valued at $4,065,000 after purchasing an additional 81 shares during the period. Finally, Driehaus Capital Management LLC raised its position in Clean Harbors by 3.7% in the fourth quarter. Driehaus Capital Management LLC now owns 127,870 shares of the business services provider’s stock valued at $29,428,000 after purchasing an additional 4,591 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.1%

Shares of Clean Harbors stock opened at $228.66 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a market cap of $12.25 billion, a P/E ratio of 30.82 and a beta of 1.19. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The business has a 50-day moving average price of $203.97 and a 200 day moving average price of $225.76.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.07. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 earnings per share. On average, sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. The trade was a 2.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of analyst reports. UBS Group dropped their target price on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Needham & Company LLC dropped their target price on Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Oppenheimer dropped their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets dropped their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Robert W. Baird lifted their target price on Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $257.67.

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.