Clean Harbors, Inc. $CLH Shares Bought by Global Retirement Partners LLC

Global Retirement Partners LLC grew its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 266.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,752 shares of the business services provider’s stock after buying an additional 2,001 shares during the quarter. Global Retirement Partners LLC’s holdings in Clean Harbors were worth $645,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CLH. Elyxium Wealth LLC acquired a new position in shares of Clean Harbors during the fourth quarter valued at $26,000. Root Financial Partners LLC acquired a new position in shares of Clean Harbors during the third quarter valued at $30,000. Larson Financial Group LLC increased its holdings in shares of Clean Harbors by 676.5% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Clean Harbors during the fourth quarter valued at $34,000. Finally, True Wealth Design LLC boosted its stake in Clean Harbors by 102.7% during the fourth quarter. True Wealth Design LLC now owns 152 shares of the business services provider’s stock valued at $36,000 after buying an additional 77 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Trading Down 0.3%

NYSE:CLH opened at $286.11 on Wednesday. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $316.98. The firm has a market capitalization of $15.12 billion, a price-to-earnings ratio of 38.77 and a beta of 0.92. The stock has a fifty day simple moving average of $295.80 and a 200 day simple moving average of $266.83.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the company posted $1.09 EPS. Clean Harbors’s revenue for the quarter was up 1.9% on a year-over-year basis. Sell-side analysts forecast that Clean Harbors, Inc. will post 8.38 earnings per share for the current year.

Insider Activity at Clean Harbors

In related news, EVP Brian P. Weber sold 4,683 shares of the stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total value of $1,373,945.37. Following the completion of the transaction, the executive vice president owned 48,728 shares in the company, valued at $14,296,307.92. This trade represents a 8.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total value of $293,000.00. Following the completion of the transaction, the chief executive officer owned 38,877 shares of the company’s stock, valued at $11,390,961. This trade represents a 2.51% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 6,519 shares of company stock worth $1,907,663 in the last quarter. 5.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

CLH has been the subject of several research reports. BMO Capital Markets raised their target price on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Robert W. Baird raised their target price on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. TD Cowen raised their target price on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. The Goldman Sachs Group raised their target price on Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research note on Wednesday, April 8th. Finally, Citigroup raised Clean Harbors from a “neutral” rating to a “buy” rating and raised their target price for the company from $302.00 to $346.00 in a research note on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.08.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.