Virtu Financial LLC Takes $412,000 Position in Clean Harbors, Inc. (NYSE:CLH)

Virtu Financial LLC acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,359 shares of the business services provider’s stock, valued at approximately $412,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Ophir Asset Management Pty Ltd grew its stake in Clean Harbors by 3.6% during the fourth quarter. Ophir Asset Management Pty Ltd now owns 144,299 shares of the business services provider’s stock worth $25,182,000 after buying an additional 5,016 shares during the last quarter. Prelude Capital Management LLC increased its holdings in Clean Harbors by 35.4% during the 4th quarter. Prelude Capital Management LLC now owns 23,361 shares of the business services provider’s stock valued at $4,077,000 after purchasing an additional 6,109 shares in the last quarter. Grayhawk Investment Strategies Inc. bought a new position in Clean Harbors in the 4th quarter valued at $732,000. C M Bidwell & Associates Ltd. boosted its stake in Clean Harbors by 171.1% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 534 shares of the business services provider’s stock worth $93,000 after purchasing an additional 337 shares in the last quarter. Finally, Cannell Capital LLC bought a new stake in shares of Clean Harbors during the fourth quarter worth $3,138,000. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. Robert W. Baird increased their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Oppenheimer lifted their target price 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, Needham & Company LLC reaffirmed a “buy” rating and set a $235.00 price target on shares of Clean Harbors in a research note on Thursday, May 2nd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $216.40.

Clean Harbors Price Performance

Shares of CLH opened at $226.83 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The stock has a market cap of $12.24 billion, a P/E ratio of 32.84 and a beta of 1.22. The stock’s 50-day moving average price is $208.40 and its two-hundred day moving average price is $189.78. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $228.18.

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

Insider Buying and Selling

In other news, Director Lauren States sold 1,148 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the completion of the transaction, the director now directly owns 13,767 shares in the company, valued at $3,003,133.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Alan S. Mckim sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the completion of 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 legal filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 1,148 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total value of $250,424.72. Following the completion of the sale, the director now directly owns 13,767 shares of the company’s stock, valued at $3,003,133.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 65,344 shares of company stock worth $13,911,876. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors 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.