New Age Alpha Advisors LLC Invests $2.56 Million in Clean Harbors, Inc. (NYSE:CLH)

New Age Alpha Advisors LLC acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the fourth quarter, Holdings Channel reports. The firm acquired 11,128 shares of the business services provider’s stock, valued at approximately $2,561,000.

Several other large investors also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its position in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after acquiring an additional 159 shares during the period. Allworth Financial LP grew its stake in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. increased its holdings in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after purchasing an additional 205 shares during the period. UMB Bank n.a. raised its position in Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 66 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after buying an additional 238 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,341 shares of company stock valued at $663,041. Insiders own 5.90% of the company’s stock.

Clean Harbors Stock Down 1.1 %

Shares of CLH stock opened at $197.24 on Friday. The stock’s fifty day moving average price is $216.86 and its 200 day moving average price is $235.40. Clean Harbors, Inc. has a 1-year low of $186.54 and a 1-year high of $267.11. The company has a market cap of $10.62 billion, a price-to-earnings ratio of 26.58 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.82 earnings per share. On average, research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CLH shares. BMO Capital Markets decreased their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Truist Financial lowered their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Stifel Nicolaus reduced their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group dropped their target price on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors currently has an average rating of “Buy” and an average target price of $266.56.

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.