Clean Harbors, Inc. $CLH Shares Purchased by Needham Investment Management LLC

Needham Investment Management LLC increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 68,856 shares of the business services provider’s stock after acquiring an additional 5,875 shares during the quarter. Needham Investment Management LLC’s holdings in Clean Harbors were worth $16,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLH. Elyxium Wealth LLC purchased a new stake in Clean Harbors in the fourth quarter valued at $26,000. Quattro Advisors LLC purchased a new stake in Clean Harbors in the fourth quarter valued at $26,000. Parkside Financial Bank & Trust lifted its position in Clean Harbors by 205.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares during the last quarter. Larson Financial Group LLC lifted its position in Clean Harbors by 676.5% in the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 115 shares during the last quarter. Finally, Manchester Capital Management LLC purchased a new stake in Clean Harbors in the fourth quarter valued at $31,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Marcy L. Reed sold 836 shares of Clean Harbors stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total value of $240,717.84. Following the transaction, the director directly owned 5,081 shares in the company, valued at approximately $1,463,023.14. The trade was a 14.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of Clean Harbors stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the completion of the transaction, the chief executive officer owned 38,877 shares in the company, valued at approximately $11,390,961. This represents a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 2,625 shares of company stock worth $759,522. 5.00% of the stock is owned by company insiders.

Clean Harbors Trading Down 1.1%

NYSE CLH opened at $284.48 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The firm has a market cap of $15.03 billion, a PE ratio of 38.55 and a beta of 0.87. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $316.98. The firm’s fifty day moving average is $295.03 and its two-hundred day moving average is $274.15.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CLH shares. Barclays boosted their price target on shares of Clean Harbors from $280.00 to $304.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Wall Street Zen cut shares of Clean Harbors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets boosted their price target on shares of Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Oppenheimer boosted their price target on shares of Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, Truist Financial boosted their price target on shares of Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $323.23.

Clean Harbors 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.