Tectonic Advisors LLC Buys 3,226 Shares of Clean Harbors, Inc. $CLH

Tectonic Advisors LLC lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 8.3% during the second quarter, HoldingsChannel reports. The firm owned 41,921 shares of the business services provider’s stock after acquiring an additional 3,226 shares during the quarter. Tectonic Advisors LLC’s holdings in Clean Harbors were worth $9,691,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hopwood Financial Services Inc. bought a new stake in shares of Clean Harbors during the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise bought a new stake in shares of Clean Harbors during the 1st quarter worth approximately $48,000. Quarry LP bought a new stake in shares of Clean Harbors during the 1st quarter worth approximately $48,000. Ameritas Advisory Services LLC bought a new stake in shares of Clean Harbors during the 2nd quarter worth approximately $48,000. Finally, Blue Trust Inc. raised its stake in shares of Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock worth $54,000 after purchasing an additional 56 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CLH. Weiss Ratings restated a “buy (b-)” rating on shares of Clean Harbors in a research note on Wednesday. UBS Group increased their price target on Clean Harbors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the company an “outperform” rating in a research note on Thursday, July 31st. Oppenheimer increased their price target on Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Finally, Barclays began coverage on Clean Harbors in a research note on Friday, September 19th. They issued an “equal weight” rating and a $253.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $262.45.

Insider Buying and Selling at Clean Harbors

In related news, CEO Michael Louis Battles bought 2,000 shares of Clean Harbors stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $233.50 per share, with a total value of $467,000.00. Following the acquisition, the chief executive officer owned 82,911 shares in the company, valued at $19,359,718.50. This trade represents a 2.47% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Andrea Robertson sold 836 shares of the stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $233.64, for a total value of $195,323.04. Following the sale, the director directly owned 9,888 shares in the company, valued at approximately $2,310,232.32. This trade represents a 7.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

Clean Harbors Stock Up 1.4%

CLH stock opened at $235.36 on Thursday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 2.07. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 33.06 and a beta of 1.18. The business’s fifty day moving average price is $238.47 and its two-hundred day moving average price is $226.37. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $2.46 EPS. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

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.