Boothbay Fund Management LLC Purchases 14,045 Shares of Clean Harbors, Inc. $CLH

Boothbay Fund Management LLC raised its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 37.8% in the first quarter, Holdings Channel reports. The firm owned 51,226 shares of the business services provider’s stock after acquiring an additional 14,045 shares during the quarter. Boothbay Fund Management LLC’s holdings in Clean Harbors were worth $10,097,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. lifted its position in Clean Harbors by 2.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider’s stock valued at $913,000 after acquiring an additional 122 shares in the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Clean Harbors by 16.2% in the first quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider’s stock worth $209,000 after purchasing an additional 148 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Clean Harbors by 18.6% during the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider’s stock valued at $1,638,000 after purchasing an additional 1,301 shares in the last quarter. Tribune Investment Group LP purchased a new stake in shares of Clean Harbors during the first quarter valued at $12,812,000. Finally, Deutsche Bank AG boosted its position in shares of Clean Harbors by 1.0% during the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock valued at $1,333,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Down 0.0%

NYSE CLH opened at $240.83 on Thursday. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $12.92 billion, a P/E ratio of 33.82 and a beta of 1.22. The stock’s 50-day moving average price is $236.92 and its 200-day moving average price is $221.21.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the company posted $2.46 EPS. The firm’s revenue was down .2% on a year-over-year basis. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on CLH. BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Oppenheimer increased their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Raymond James Financial lifted their target price on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 31st. Finally, UBS Group boosted their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.40.

Insider Activity

In other news, CEO Michael Louis Battles bought 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was bought at an average price of $233.50 per share, with a total value of $467,000.00. Following the acquisition, the chief executive officer owned 82,911 shares of the company’s stock, valued at approximately $19,359,718.50. This represents a 2.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian P. Weber sold 3,035 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the transaction, the executive vice president owned 54,548 shares in the company, valued at $12,391,669.16. The trade was a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,947 shares of company stock valued at $2,703,741 over the last 90 days. Company insiders own 5.60% of the company’s stock.

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.