Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Sycomore Asset Management

Sycomore Asset Management raised its stake in Clean Harbors, Inc. (NYSE:CLH) by 36.3% in the fourth quarter, HoldingsChannel reports. The fund owned 23,830 shares of the business services provider’s stock after purchasing an additional 6,343 shares during the period. Sycomore Asset Management’s holdings in Clean Harbors were worth $4,239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of CLH. CWM LLC lifted its holdings in Clean Harbors by 13.3% in the third quarter. CWM LLC now owns 843 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 99 shares during the period. SG Americas Securities LLC increased its position in shares of Clean Harbors by 598.8% in the third quarter. SG Americas Securities LLC now owns 14,052 shares of the business services provider’s stock valued at $2,352,000 after buying an additional 12,041 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd increased its position in shares of Clean Harbors by 61.7% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 6,960 shares of the business services provider’s stock valued at $1,165,000 after buying an additional 2,657 shares in the last quarter. Hennessy Advisors Inc. increased its position in shares of Clean Harbors by 28.8% in the third quarter. Hennessy Advisors Inc. now owns 163,800 shares of the business services provider’s stock valued at $27,414,000 after buying an additional 36,600 shares in the last quarter. Finally, Trinity Street Asset Management LLP purchased a new stake in shares of Clean Harbors in the third quarter valued at approximately $15,792,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $187.71, for a total value of $2,867,457.96. Following the transaction, the chief executive officer now owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the transaction, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The disclosure for this sale can be found here. Insiders have sold a total of 25,185 shares of company stock valued at $4,819,554 in the last quarter. Insiders own 6.60% of the company’s stock.

Clean Harbors Trading Down 2.5 %

NYSE:CLH traded down $5.02 during trading hours on Wednesday, hitting $196.00. The company had a trading volume of 384,019 shares, compared to its average volume of 320,959. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $192.02 and a 200 day moving average of $175.57. The company has a market cap of $10.71 billion, a P/E ratio of 28.20 and a beta of 1.24. Clean Harbors, Inc. has a 1 year low of $129.70 and a 1 year high of $204.06.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. The company had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS. Sell-side analysts expect that Clean Harbors, Inc. will post 7.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of recent analyst reports. Needham & Company LLC boosted their price objective on Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Robert W. Baird boosted their price objective on Clean Harbors from $192.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Stifel Nicolaus restated a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a research report on Monday. Oppenheimer boosted their price target on Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Finally, StockNews.com upgraded Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $207.90.

Clean Harbors Company 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.