Pacer Advisors Inc. Grows Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Pacer Advisors Inc. lifted its position in Clean Harbors, Inc. (NYSE:CLH) by 29.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,636 shares of the business services provider’s stock after buying an additional 2,165 shares during the quarter. Pacer Advisors Inc.’s holdings in Clean Harbors were worth $2,218,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CLH. UMB Bank n.a. increased its stake in Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the period. Prospera Private Wealth LLC acquired a new stake in Clean Harbors during the 3rd quarter worth approximately $56,000. CENTRAL TRUST Co boosted its position in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after buying an additional 160 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Clean Harbors by 42.6% in the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after acquiring an additional 87 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Clean Harbors by 19.1% during the third quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock worth $86,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 610 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares in the company, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24. Following the transaction, the director now owns 12,842 shares in the company, valued at approximately $3,207,674.76. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,446 shares of company stock valued at $2,112,800 in the last three months. 5.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CLH. Oppenheimer boosted their target price on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research note on Monday, January 13th. Stifel Nicolaus boosted their price objective on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, January 16th. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, Robert W. Baird reduced their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. One equities research 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 stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and an average price target of $269.44.

Clean Harbors Trading Down 2.4 %

Shares of Clean Harbors stock opened at $232.93 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company has a fifty day simple moving average of $239.91 and a 200-day simple moving average of $242.07. The stock has a market cap of $12.55 billion, a price-to-earnings ratio of 30.33 and a beta of 1.24. Clean Harbors, Inc. has a 12-month low of $167.86 and a 12-month high of $267.11.

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

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.