Creekmur Asset Management LLC Purchases Shares of 289 Clean Harbors, Inc. (NYSE:CLH)

Creekmur Asset Management LLC acquired a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 289 shares of the business services provider’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CLH. Norges Bank acquired a new position in shares of Clean Harbors during the 4th quarter worth approximately $87,074,000. Ameriprise Financial Inc. raised its position in Clean Harbors by 61.6% during the third quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock worth $65,983,000 after acquiring an additional 150,251 shares in the last quarter. DAVENPORT & Co LLC acquired a new stake in Clean Harbors in the fourth quarter valued at $23,999,000. Sandler Capital Management increased its stake in shares of Clean Harbors by 232.4% during the 3rd quarter. Sandler Capital Management now owns 160,268 shares of the business services provider’s stock worth $26,822,000 after purchasing an additional 112,047 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of Clean Harbors by 5.6% in the 3rd quarter. FMR LLC now owns 1,419,048 shares of the business services provider’s stock valued at $237,492,000 after purchasing an additional 75,038 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CLH shares. Raymond James boosted their price target on Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $235.00 price target on shares of Clean Harbors in a report on Thursday, May 2nd. Robert W. Baird upped their price objective on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. Stifel Nicolaus restated a “buy” rating and set a $220.00 target price on shares of Clean Harbors in a research note on Monday, April 22nd. Finally, BMO Capital Markets lifted their target price on shares of Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $216.40.

Clean Harbors Stock Down 0.2 %

Shares of CLH opened at $220.97 on Monday. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $223.53. The firm’s 50 day moving average is $207.92 and its 200-day moving average is $189.12. The stock has a market capitalization of $11.92 billion, a PE ratio of 31.98 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.13. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The company’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the company earned $1.36 EPS. Equities research analysts forecast that Clean Harbors, Inc. will post 7.47 EPS for the current year.

Insider Buying and Selling

In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total value of $10,775,500.00. Following the transaction, the insider now directly owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the sale, the insider now owns 2,494,211 shares of the company’s stock, valued at approximately $537,527,412.61. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Eric J. Dugas sold 6,200 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the transaction, the chief financial officer now directly owns 21,482 shares of the company’s stock, valued at approximately $4,484,152.68. The disclosure for this sale can be found here. Insiders sold 65,344 shares of company stock valued at $13,911,876 over the last quarter. 5.90% of the stock is owned by company insiders.

Clean Harbors Company 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.