Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC raised its holdings in Clean Harbors, Inc. (NYSE:CLH) by 2.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 35,717 shares of the business services provider’s stock after acquiring an additional 782 shares during the period. Clean Harbors accounts for about 1.7% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 27th biggest position. MinichMacGregor Wealth Management LLC owned 0.07% of Clean Harbors worth $8,220,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CLH. Traynor Capital Management Inc. increased its stake in Clean Harbors by 3.6% in the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 50 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Clean Harbors by 330.7% during the 4th quarter. SG Americas Securities LLC now owns 12,163 shares of the business services provider’s stock valued at $2,799,000 after acquiring an additional 9,339 shares during the last quarter. XML Financial LLC lifted its holdings in shares of Clean Harbors by 20.3% during the 4th quarter. XML Financial LLC now owns 1,480 shares of the business services provider’s stock worth $341,000 after acquiring an additional 250 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Clean Harbors by 20.8% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 93,805 shares of the business services provider’s stock worth $21,588,000 after acquiring an additional 16,170 shares during the last quarter. Finally, Perpetual Ltd grew its holdings in Clean Harbors by 1.1% in the fourth quarter. Perpetual Ltd now owns 47,178 shares of the business services provider’s stock valued at $10,858,000 after purchasing an additional 505 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Oppenheimer boosted their price target on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Robert W. Baird cut their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus increased their target price 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. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, January 16th. 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’s stock. According to MarketBeat.com, the company 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 stock in a transaction on Friday, November 15th. The shares were sold at an average price of $249.78, for a total transaction of $76,932.24. Following the transaction, the director now directly owns 12,842 shares in the company, valued at $3,207,674.76. This represents a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert Speights sold 610 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,446 shares of company stock valued at $2,112,800. 5.90% of the stock is currently owned by insiders.

Clean Harbors Stock Down 1.1 %

Shares of NYSE:CLH opened at $243.45 on Thursday. The company has a 50 day moving average of $241.44 and a two-hundred day moving average of $241.58. Clean Harbors, Inc. has a 52-week low of $167.28 and a 52-week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $13.12 billion, a price-to-earnings ratio of 31.70 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results 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 return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the firm earned $1.68 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis. As a group, analysts forecast that Clean Harbors, Inc. will post 7.21 earnings per share 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.