Lmcg Investments LLC Cuts Position in Clean Harbors, Inc. (NYSE:CLH)

Lmcg Investments LLC trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 49.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,225 shares of the business services provider’s stock after selling 6,204 shares during the period. Lmcg Investments LLC’s holdings in Clean Harbors were worth $1,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its holdings in Clean Harbors by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock valued at $678,000 after buying an additional 39 shares in the last quarter. Icon Wealth Advisors LLC raised its stake in shares of Clean Harbors by 8.4% during the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 45 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Clean Harbors by 11.8% in the third quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after purchasing an additional 52 shares during the period. CIBC Asset Management Inc grew its stake in Clean Harbors by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after purchasing an additional 53 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Clean Harbors by 10.1% during the 4th quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock worth $142,000 after purchasing an additional 57 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Up 2.2 %

Shares of CLH stock opened at $246.36 on Wednesday. The stock’s fifty day moving average price is $241.76 and its 200 day moving average price is $241.56. Clean Harbors, Inc. has a 1-year low of $167.28 and a 1-year high of $267.11. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 32.08 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. Clean Harbors’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.68 EPS. On average, research analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Eric W. Gerstenberg sold 6,051 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $250.42, for a total value of $1,515,291.42. Following the completion of the transaction, the chief executive officer now owns 55,657 shares in the company, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,446 shares of company stock valued at $2,112,800. Insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on CLH. Oppenheimer lifted their price objective on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Needham & Company LLC reissued a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a report on Thursday, January 16th. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. Robert W. Baird cut their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. 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 company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $269.44.

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.