Westfield Capital Management Co. LP Buys 2,012 Shares of Clean Harbors, Inc. $CLH

Westfield Capital Management Co. LP boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,594 shares of the business services provider’s stock after buying an additional 2,012 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Clean Harbors were worth $57,587,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new position in Clean Harbors during the 4th quarter valued at about $26,000. Larson Financial Group LLC increased its position in Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares during the period. V Square Quantitative Management LLC purchased a new position in Clean Harbors during the 4th quarter valued at about $34,000. True Wealth Design LLC grew its position in shares of Clean Harbors by 102.7% in the 4th quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock worth $36,000 after buying an additional 77 shares during the last quarter. Finally, Clearstead Advisors LLC grew its position in shares of Clean Harbors by 84.1% in the 4th quarter. Clearstead Advisors LLC now owns 254 shares of the business services provider’s stock worth $60,000 after buying an additional 116 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $283.25 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98. The company has a 50 day simple moving average of $295.05 and a two-hundred day simple moving average of $270.65. The stock has a market cap of $14.97 billion, a price-to-earnings ratio of 38.38 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.15 by $0.04. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business posted $1.09 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts predict that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the sale, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Marcy L. Reed sold 836 shares of Clean Harbors stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total transaction of $240,717.84. Following the sale, the director owned 5,081 shares of the company’s stock, valued at approximately $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 7,308 shares of company stock valued at $2,133,467. 5.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CLH shares. TD Cowen lifted their price objective on shares of Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Robert W. Baird lifted their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. The Goldman Sachs Group lifted their price objective on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 8th. Weiss Ratings downgraded shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Finally, Citigroup raised shares of Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $302.00 to $346.00 in a research report on Wednesday, April 8th. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.23.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.