Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,942 shares of the business services provider’s stock after purchasing an additional 547 shares during the period. Daiwa Securities Group Inc. owned about 0.06% of Clean Harbors worth $5,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Millburn Ridgefield Corp acquired a new position in shares of Clean Harbors in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new position in Clean Harbors in the third quarter valued at approximately $25,000. Contravisory Investment Management Inc. purchased a new stake in Clean Harbors in the 4th quarter worth approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew 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 purchasing an additional 114 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Clean Harbors during the 3rd quarter valued at approximately $33,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction on 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 directly owns 4,767 shares in the company, valued at approximately $897,912.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on 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 transaction, the executive vice president now owns 62,803 shares in the company, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,185 shares of company stock worth $4,819,554. 6.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Robert W. Baird increased their price target on shares of Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th. Oppenheimer lifted 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. Stifel Nicolaus increased their price target on Clean Harbors from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Finally, Needham & Company LLC boosted their price objective on Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Clean Harbors has a consensus rating of “Buy” and an average target price of $207.90.

Clean Harbors Stock Performance

Shares of NYSE:CLH opened at $193.54 on Friday. The business’s 50 day moving average price is $191.02 and its 200-day moving average price is $174.74. Clean Harbors, Inc. has a 1 year low of $129.70 and a 1 year high of $204.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. The firm has a market capitalization of $10.58 billion, a PE ratio of 27.85 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. The company had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 EPS. As a group, equities research analysts expect that Clean Harbors, Inc. will post 7.38 earnings per share for the current fiscal year.

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.