Tectonic Advisors LLC Has $9.69 Million Stock Holdings in Clean Harbors, Inc. $CLH

Tectonic Advisors LLC grew its position in Clean Harbors, Inc. (NYSE:CLH) by 8.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 41,921 shares of the business services provider’s stock after purchasing an additional 3,226 shares during the period. Tectonic Advisors LLC owned about 0.08% of Clean Harbors worth $9,691,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its holdings in Clean Harbors by 0.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider’s stock worth $3,636,000 after purchasing an additional 48 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Clean Harbors by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider’s stock worth $2,044,000 after purchasing an additional 52 shares during the last quarter. Blue Trust Inc. raised its holdings in Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider’s stock worth $54,000 after purchasing an additional 56 shares during the last quarter. Xponance Inc. raised its holdings in Clean Harbors by 0.9% during the 1st quarter. Xponance Inc. now owns 6,703 shares of the business services provider’s stock worth $1,321,000 after purchasing an additional 61 shares during the last quarter. Finally, Atticus Wealth Management LLC raised its holdings in Clean Harbors by 13.9% during the 2nd quarter. Atticus Wealth Management LLC now owns 532 shares of the business services provider’s stock worth $123,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling

In other news, CEO Michael Louis Battles purchased 2,000 shares of Clean Harbors stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $233.50 per share, with a total value of $467,000.00. Following the transaction, the chief executive officer directly owned 82,911 shares in the company, valued at $19,359,718.50. The trade was a 2.47% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrea Robertson sold 836 shares of the company’s stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $233.64, for a total value of $195,323.04. Following the transaction, the director directly owned 9,888 shares of the company’s stock, valued at approximately $2,310,232.32. This trade represents a 7.80% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company’s stock.

Clean Harbors Price Performance

Shares of CLH opened at $235.36 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. The stock has a 50 day simple moving average of $238.47 and a 200 day simple moving average of $226.37. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The firm has a market capitalization of $12.62 billion, a PE ratio of 33.06 and a beta of 1.18.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Oppenheimer boosted their price objective on Clean Harbors from $254.00 to $256.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the company an “outperform” rating in a research note on Thursday, July 31st. Barclays started coverage on Clean Harbors in a research note on Friday, September 19th. They issued an “equal weight” rating and a $253.00 price target for the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $280.00 price target on shares of Clean Harbors in a research note on Monday. Finally, UBS Group upped their price target on Clean Harbors from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $262.45.

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.