Assetmark Inc. Acquires 205 Shares of Clean Harbors, Inc. (NYSE:CLH)

Assetmark Inc. grew its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 10,250.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 207 shares of the business services provider’s stock after buying an additional 205 shares during the period. Assetmark Inc.’s holdings in Clean Harbors were worth $48,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLH. Allworth Financial LP boosted its stake in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors during the 3rd quarter worth about $56,000. UMB Bank n.a. boosted its position in shares of Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after purchasing an additional 66 shares in the last quarter. Spire Wealth Management boosted its position in shares of Clean Harbors by 396.7% during the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after purchasing an additional 238 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after purchasing an additional 87 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Trading Up 1.9 %

Shares of CLH stock opened at $193.11 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 26.03 and a beta of 1.22. Clean Harbors, Inc. has a 52-week low of $186.54 and a 52-week high of $267.11. The company has a 50-day simple moving average of $223.92 and a two-hundred day simple moving average of $238.30.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the business posted $1.82 EPS. Research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas bought 1,050 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,649 shares of company stock valued at $738,519. 5.90% of the stock is owned by insiders.

Analysts Set New Price Targets

CLH has been the topic of several recent research reports. Oppenheimer cut their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Stifel Nicolaus cut their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Robert W. Baird cut their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Truist Financial dropped their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $270.56.

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.