Van ECK Associates Corp Raises Position in Clean Harbors, Inc. (NYSE:CLH)

Van ECK Associates Corp lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,028 shares of the business services provider’s stock after acquiring an additional 1,097 shares during the quarter. Van ECK Associates Corp’s holdings in Clean Harbors were worth $3,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Reliant Investment Management LLC acquired a new stake in Clean Harbors in the 4th quarter valued at about $4,386,000. Fiduciary Alliance LLC purchased a new stake in shares of Clean Harbors during the fourth quarter worth approximately $846,000. Mountain Pacific Investment Advisers LLC raised its holdings in Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after acquiring an additional 4,240 shares in the last quarter. Barclays PLC lifted its stake in Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after acquiring an additional 8,639 shares during the last quarter. Finally, Advisor Resource Council acquired a new position in Clean Harbors during the 3rd quarter worth approximately $926,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Trading Down 2.4 %

CLH opened at $221.21 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 52 week low of $176.02 and a 52 week high of $267.11. The business’s 50 day moving average is $234.40 and its two-hundred day moving average is $242.30. The firm has a market cap of $11.92 billion, a price-to-earnings ratio of 28.80 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. On average, research analysts predict that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. TD Cowen began coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. Oppenheimer upped their price objective on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Needham & Company LLC reissued a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, January 16th. Finally, Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and a consensus target price of $269.44.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,785 shares of company stock worth $444,558. Company insiders own 5.90% of the company’s stock.

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.