Clean Harbors, Inc. $CLH Shares Bought by Tectonic Advisors LLC

Tectonic Advisors LLC raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 9.1% in the third quarter, Holdings Channel.com reports. The fund owned 36,545 shares of the business services provider’s stock after purchasing an additional 3,034 shares during the period. Tectonic Advisors LLC’s holdings in Clean Harbors were worth $11,337,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Reyes Financial Architecture Inc. purchased a new stake in shares of Clean Harbors in the 3rd quarter valued at approximately $31,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Clean Harbors during the 2nd quarter worth approximately $36,000. Elevation Wealth Partners LLC boosted its position in shares of Clean Harbors by 317.6% during the 3rd quarter. Elevation Wealth Partners LLC now owns 142 shares of the business services provider’s stock worth $44,000 after purchasing an additional 108 shares during the period. Pension & Wealth Management Advisors Inc. acquired a new stake in Clean Harbors in the 3rd quarter valued at approximately $53,000. Finally, Root Financial Partners LLC increased its holdings in Clean Harbors by 99.2% in the 1st quarter. Root Financial Partners LLC now owns 241 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 120 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Stock Down 0.6%

CLH stock traded down $1.94 during midday trading on Friday, hitting $319.02. The company’s stock had a trading volume of 450,292 shares, compared to its average volume of 384,649. The company has a quick ratio of 1.80, a current ratio of 2.13 and a debt-to-equity ratio of 0.94. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $335.94. The firm has a market capitalization of $16.84 billion, a P/E ratio of 38.72, a PEG ratio of 1.87 and a beta of 0.87. The firm has a 50-day simple moving average of $317.02 and a 200-day simple moving average of $305.38.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, topping the consensus estimate of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm posted $2.36 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts forecast that Clean Harbors, Inc. will post 9.94 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the sale, the director owned 8,979 shares in the company, valued at $2,819,495.79. This represents a 8.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Eric W. Gerstenberg sold 2,500 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the sale, the chief executive officer owned 56,793 shares in the company, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on CLH shares. Wall Street Zen raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Saturday. TD Cowen raised their price target on Clean Harbors from $380.00 to $390.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Stifel Nicolaus lifted their price objective on Clean Harbors from $337.00 to $364.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Raymond James Financial reiterated a “strong-buy” rating and issued a $375.00 price objective on shares of Clean Harbors in a report on Thursday, July 30th. Finally, Robert W. Baird increased their target price on Clean Harbors from $360.00 to $365.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Moderate Buy” and an average target price of $363.07.

Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.

Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.