Truvestments Capital LLC Grows Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Truvestments Capital LLC increased its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 6.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,831 shares of the business services provider’s stock after purchasing an additional 233 shares during the period. Truvestments Capital LLC’s holdings in Clean Harbors were worth $926,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Clean Harbors during the third quarter valued at $919,000. Algert Global LLC boosted its stake in shares of Clean Harbors by 92.5% during the 3rd quarter. Algert Global LLC now owns 45,959 shares of the business services provider’s stock worth $11,109,000 after purchasing an additional 22,082 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Clean Harbors by 30.6% during the third quarter. Cerity Partners LLC now owns 15,277 shares of the business services provider’s stock worth $3,693,000 after buying an additional 3,580 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in shares of Clean Harbors in the third quarter valued at approximately $237,000. Finally, Icon Wealth Advisors LLC lifted its stake in shares of Clean Harbors by 513.4% during the third quarter. Icon Wealth Advisors LLC now owns 3,288 shares of the business services provider’s stock valued at $795,000 after buying an additional 2,752 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Clean Harbors

In other news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. This trade represents a 11.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 55,657 shares in the company, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,586 shares of company stock valued at $4,351,841 over the last 90 days. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Stock Performance

Shares of NYSE:CLH opened at $253.04 on Monday. The business has a 50-day moving average of $249.86 and a two-hundred day moving average of $235.27. The firm has a market capitalization of $13.64 billion, a PE ratio of 32.88 and a beta of 1.20. 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, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) 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 analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period last year, the company posted $1.68 EPS. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Analyst Ratings Changes

CLH has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Oppenheimer upped their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $254.33.

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.