Blue Trust Inc. Has $36,000 Position in Clean Harbors, Inc. (NYSE:CLH)

Blue Trust Inc. lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 52.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218 shares of the business services provider’s stock after purchasing an additional 75 shares during the quarter. Blue Trust Inc.’s holdings in Clean Harbors were worth $36,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Millburn Ridgefield Corp acquired a new stake in shares of Clean Harbors during the third quarter worth about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Clean Harbors during the 3rd quarter worth approximately $25,000. Contravisory Investment Management Inc. bought a new position in shares of Clean Harbors during the 4th quarter worth approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its stake in shares of Clean Harbors by 76.0% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 264 shares of the business services provider’s stock worth $30,000 after acquiring an additional 114 shares during the period. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Clean Harbors during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity

In other news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director John T. Preston sold 1,913 shares of the stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,185 shares of company stock valued at $4,819,554. Company insiders own 6.70% of the company’s stock.

Clean Harbors Stock Performance

NYSE:CLH opened at $198.67 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98. Clean Harbors, Inc. has a fifty-two week low of $129.70 and a fifty-two week high of $202.58. The company has a market cap of $10.72 billion, a price-to-earnings ratio of 28.59 and a beta of 1.24. The stock has a fifty day moving average price of $186.46 and a 200-day moving average price of $172.72.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on CLH. Stifel Nicolaus reiterated a “buy” rating and set a $206.00 target price on shares of Clean Harbors in a research note on Monday, March 25th. BMO Capital Markets lifted their price target on Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Truist Financial boosted their price target on Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Oppenheimer boosted their price target on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Clean Harbors has an average rating of “Buy” and an average target price of $196.00.

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.