Clean Harbors, Inc. $CLH Position Raised by Munro Partners

Munro Partners increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 11.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,759 shares of the business services provider’s stock after purchasing an additional 8,755 shares during the period. Munro Partners’ holdings in Clean Harbors were worth $20,109,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLH. Elyxium Wealth LLC bought a new stake in Clean Harbors during the fourth quarter worth approximately $26,000. Quattro Advisors LLC bought a new stake in Clean Harbors during the fourth quarter worth approximately $26,000. Parkside Financial Bank & Trust raised its holdings in Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after buying an additional 115 shares in the last quarter. Finally, Manchester Capital Management LLC bought a new position in shares of Clean Harbors in the fourth quarter valued at $31,000. Institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, 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 transaction, the director directly owned 5,081 shares in the company, valued at approximately $1,463,023.14. The trade was a 14.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the transaction, the chief executive officer owned 38,877 shares in the company, valued at approximately $11,390,961. The trade was a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 2,625 shares of company stock worth $759,522. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Price Performance

NYSE CLH opened at $284.48 on Tuesday. Clean Harbors, Inc. has a 1 year low of $201.34 and a 1 year high of $316.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The stock has a market capitalization of $15.03 billion, a P/E ratio of 38.55 and a beta of 0.87. The business’s fifty day moving average is $295.03 and its two-hundred day moving average is $274.15.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping 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 firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the company posted $1.09 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts forecast that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CLH has been the topic of several research reports. Oppenheimer upped their price target on Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Weiss Ratings cut Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Needham & Company LLC upped their price target on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird upped their price target on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Finally, Barclays upped their price target on Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and an average target price 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.