4,250 Shares in Clean Harbors, Inc. (NYSE:CLH) Bought by Uniting Wealth Partners LLC

Uniting Wealth Partners LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,250 shares of the business services provider’s stock, valued at approximately $978,000. Clean Harbors comprises approximately 0.5% of Uniting Wealth Partners LLC’s holdings, making the stock its 29th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA lifted its stake in shares of Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock worth $381,602,000 after acquiring an additional 697,630 shares during the period. Norges Bank bought a new position in Clean Harbors during the 4th quarter worth approximately $136,974,000. Wellington Management Group LLP lifted its position in shares of Clean Harbors by 17.2% in the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock worth $930,707,000 after purchasing an additional 592,341 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $57,956,000. Finally, Allianz Asset Management GmbH raised its stake in Clean Harbors by 50.4% during the fourth quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock worth $68,367,000 after buying an additional 99,591 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling

In other news, CFO Eric J. Dugas acquired 1,050 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The transaction 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 stock in a transaction dated 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 sale, the director now owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Stifel Nicolaus decreased their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company 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 research report on Thursday, February 20th. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price for the company. StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, The Goldman Sachs Group lowered their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $266.56.

Clean Harbors Stock Performance

Shares of CLH stock opened at $205.85 on Thursday. The firm has a market capitalization of $11.09 billion, a PE ratio of 27.74 and a beta of 1.22. The firm has a fifty day simple moving average of $214.30 and a two-hundred day simple moving average of $234.56. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 12 month low of $186.54 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm posted $1.82 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. Analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.