Boothbay Fund Management LLC Cuts Stake in Clean Harbors, Inc. $CLH

Boothbay Fund Management LLC trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 14.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 57,586 shares of the business services provider’s stock after selling 9,620 shares during the quarter. Boothbay Fund Management LLC owned about 0.11% of Clean Harbors worth $13,503,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CLH. Elyxium Wealth LLC purchased a new stake in shares of Clean Harbors during the 4th quarter valued at about $26,000. Quattro Advisors LLC purchased a new stake in shares of Clean Harbors during the 4th quarter valued at about $26,000. Parkside Financial Bank & Trust boosted its holdings in shares of Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 115 shares during the last quarter. Finally, Manchester Capital Management LLC purchased a new stake in shares of Clean Harbors during the 4th quarter valued at about $31,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. TD Cowen raised their price target on shares of Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Needham & Company LLC raised their price target on shares of Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Robert W. Baird raised their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. Weiss Ratings downgraded shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Finally, Oppenheimer raised their price objective on shares of Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $323.23.

Insider Activity

In related news, Director Lauren States sold 789 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by insiders.

Clean Harbors Price Performance

NYSE CLH opened at $287.82 on Thursday. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98. The stock has a market cap of $15.21 billion, a price-to-earnings ratio of 39.00 and a beta of 0.87. The company’s 50 day moving average is $294.67 and its two-hundred day moving average is $275.03. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 EPS. As a group, research analysts anticipate that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

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.