Inceptionr LLC Takes $832,000 Position in Clean Harbors, Inc. $CLH

Inceptionr LLC purchased a new position in Clean Harbors, Inc. (NYSE:CLH) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 3,582 shares of the business services provider’s stock, valued at approximately $832,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC purchased a new stake in Clean Harbors during the 3rd quarter worth approximately $30,000. Bayforest Capital Ltd purchased a new position in shares of Clean Harbors during the 3rd quarter valued at approximately $44,000. First Horizon Corp acquired a new stake in shares of Clean Harbors during the third quarter worth approximately $44,000. SJS Investment Consulting Inc. grew its position in shares of Clean Harbors by 2,985.7% during the third quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock worth $50,000 after buying an additional 209 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Clean Harbors by 58.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the business services provider’s stock worth $51,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a report on Monday, December 29th. Robert W. Baird set a $300.00 target price on shares of Clean Harbors in a research report on Thursday, February 19th. Oppenheimer upped their target price on shares of Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. BMO Capital Markets increased their price target on shares of Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Finally, Raymond James Financial reiterated a “strong-buy” rating and issued a $320.00 price target on shares of Clean Harbors in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Clean Harbors presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.18.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total value of $144,780.90. Following the transaction, the chief executive officer owned 50,454 shares of the company’s stock, valued at $12,154,368.60. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sharon M. Gabriel sold 3,540 shares of Clean Harbors stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $282.07, for a total value of $998,527.80. Following the completion of the transaction, the executive vice president owned 23,193 shares of the company’s stock, valued at approximately $6,542,049.51. The trade was a 13.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,679 shares of company stock worth $2,132,403 in the last quarter. 5.60% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Performance

Clean Harbors stock opened at $285.81 on Tuesday. The company has a market cap of $15.12 billion, a PE ratio of 39.26 and a beta of 0.92. The company has a fifty day moving average price of $266.31 and a two-hundred day moving average price of $243.70. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $298.12.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.