Syon Capital LLC Buys 2,965 Shares of Clean Harbors, Inc. $CLH

Syon Capital LLC lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 235.1% during the fourth quarter, HoldingsChannel reports. The firm owned 4,226 shares of the business services provider’s stock after acquiring an additional 2,965 shares during the quarter. Syon Capital LLC’s holdings in Clean Harbors were worth $991,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Candriam S.C.A. raised its stake in shares of Clean Harbors by 36.4% during the 3rd quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock worth $15,992,000 after purchasing an additional 18,367 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Clean Harbors by 7.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after purchasing an additional 15,872 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Clean Harbors by 57.4% during the 4th quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock worth $14,683,000 after purchasing an additional 22,827 shares in the last quarter. Tudor Investment Corp ET AL raised its stake in shares of Clean Harbors by 86.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock worth $14,654,000 after purchasing an additional 29,176 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Clean Harbors by 2.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock valued at $86,963,000 after acquiring an additional 8,145 shares during the period. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Down 1.7%

CLH opened at $278.33 on Tuesday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $316.98. The stock’s fifty day simple moving average is $294.96 and its 200 day simple moving average is $271.63. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. The stock has a market cap of $14.71 billion, a PE ratio of 37.71 and a beta of 0.87.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 EPS. As a group, research analysts expect that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on CLH. Oppenheimer increased their price target on Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Needham & Company LLC increased their price target on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Raymond James Financial restated a “strong-buy” rating and issued a $320.00 price target on shares of Clean Harbors in a research note on Monday, February 23rd. BMO Capital Markets increased their price target on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Finally, TD Cowen increased their price target on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Clean Harbors has a consensus rating of “Moderate Buy” and an average target price of $323.23.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 1,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total transaction of $293,000.00. Following the transaction, the chief executive officer owned 38,877 shares in the company, valued at $11,390,961. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marcy L. Reed sold 836 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the transaction, the director owned 5,081 shares in the company, valued at $1,463,023.14. The trade was a 14.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,308 shares of company stock worth $2,133,467 over the last quarter. 5.00% of the stock is currently owned by corporate insiders.

About Clean Harbors

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.