Benjamin Edwards Inc. Increases Holdings in Clean Harbors, Inc. (NYSE:CLH)

Benjamin Edwards Inc. boosted its position in Clean Harbors, Inc. (NYSE:CLH) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,797 shares of the business services provider’s stock after purchasing an additional 67 shares during the period. Benjamin Edwards Inc.’s holdings in Clean Harbors were worth $1,334,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Traynor Capital Management Inc. increased its position in shares of 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 buying an additional 50 shares in the last quarter. Williamson Legacy Group LLC raised its position in Clean Harbors by 1.4% during the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock worth $858,000 after acquiring an additional 53 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Clean Harbors by 10.1% in the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 57 shares in the last quarter. Scotia Capital Inc. grew its position in shares of Clean Harbors by 0.4% in the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock valued at $3,282,000 after purchasing an additional 59 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Clean Harbors by 15.7% during the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider’s stock worth $107,000 after purchasing an additional 60 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on CLH. BMO Capital Markets lowered their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Truist Financial decreased their price target on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. StockNews.com raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. The Goldman Sachs Group lowered their target price 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. Finally, Robert W. Baird increased their price target on Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of “Moderate Buy” and a consensus target price of $257.67.

Clean Harbors Price Performance

CLH stock opened at $222.69 on Thursday. The stock has a 50-day moving average price of $201.94 and a two-hundred day moving average price of $226.77. The company has a market cap of $11.93 billion, a PE ratio of 30.01 and a beta of 1.19. 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 $178.29 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm posted $1.29 earnings per share. Clean Harbors’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling

In related news, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Eric J. Dugas acquired 1,050 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is owned by corporate insiders.

Clean Harbors 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.