M.D. Sass LLC Purchases 74,538 Shares of Clean Harbors, Inc. $CLH

M.D. Sass LLC lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 28.7% during the fourth quarter, Holdings Channel reports. The fund owned 334,198 shares of the business services provider’s stock after purchasing an additional 74,538 shares during the quarter. Clean Harbors comprises 6.2% of M.D. Sass LLC’s portfolio, making the stock its 3rd biggest holding. M.D. Sass LLC’s holdings in Clean Harbors were worth $78,363,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of Clean Harbors by 5.4% during the fourth quarter. GAMMA Investing LLC now owns 1,034 shares of the business services provider’s stock valued at $242,000 after acquiring an additional 53 shares during the last quarter. SkyView Investment Advisors LLC boosted its stake in shares of Clean Harbors by 2.3% during the second quarter. SkyView Investment Advisors LLC now owns 2,378 shares of the business services provider’s stock valued at $549,000 after acquiring an additional 53 shares during the last quarter. US Bancorp DE boosted its stake in shares of Clean Harbors by 16.9% during the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after acquiring an additional 54 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Clean Harbors by 1.4% during the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after acquiring an additional 60 shares during the last quarter. Finally, Acorn Wealth Advisors LLC boosted its stake in shares of Clean Harbors by 6.9% during the fourth quarter. Acorn Wealth Advisors LLC now owns 1,007 shares of the business services provider’s stock valued at $236,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CLH shares. The Goldman Sachs Group increased their price objective on Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Barclays increased their price objective on Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Stifel Nicolaus started coverage on Clean Harbors in a research note on Friday, May 29th. They set a “buy” rating and a $337.00 price objective on the stock. Wells Fargo & Company increased their price objective on Clean Harbors from $309.00 to $313.00 and gave the company an “equal weight” rating in a research note on Thursday, May 7th. Finally, Citigroup raised Clean Harbors from a “neutral” rating to a “buy” rating and increased their price objective for the company from $302.00 to $346.00 in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $323.23.

Clean Harbors Stock Down 1.9%

Shares of NYSE:CLH opened at $275.62 on Wednesday. The stock’s 50-day moving average price is $295.12 and its two-hundred day moving average price is $268.93. 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 firm has a market cap of $14.57 billion, a price-to-earnings ratio of 37.35 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company earned $1.09 EPS. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. On average, research analysts forecast that Clean Harbors, Inc. will post 8.5 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 4,683 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total value of $1,373,945.37. Following the sale, the executive vice president directly owned 48,728 shares of the company’s stock, valued at approximately $14,296,307.92. This trade represents a 8.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total value of $293,000.00. Following the completion of the sale, the chief executive officer directly 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. Insiders sold a total of 7,308 shares of company stock valued at $2,133,467 in the last quarter. Corporate insiders own 5.00% of the company’s stock.

Clean Harbors Company Profile

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.