Raymond James & Associates Increases Stake in Clean Harbors Inc (CLH)

Raymond James & Associates increased its holdings in Clean Harbors Inc (NYSE:CLH) by 1.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 196,703 shares of the business services provider’s stock after purchasing an additional 1,965 shares during the period. Raymond James & Associates’ holdings in Clean Harbors were worth $10,661,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CLH. Crossmark Global Holdings Inc. bought a new stake in Clean Harbors during the 3rd quarter valued at $304,000. New York State Common Retirement Fund raised its holdings in Clean Harbors by 1.5% during the 3rd quarter. New York State Common Retirement Fund now owns 262,611 shares of the business services provider’s stock valued at $14,890,000 after buying an additional 4,000 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Clean Harbors by 1.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 148,995 shares of the business services provider’s stock valued at $8,448,000 after buying an additional 2,323 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Clean Harbors during the 3rd quarter valued at $235,000. Finally, Legal & General Group Plc raised its holdings in Clean Harbors by 9.8% during the 3rd quarter. Legal & General Group Plc now owns 71,375 shares of the business services provider’s stock valued at $4,047,000 after buying an additional 6,352 shares during the last quarter. 93.64% of the stock is owned by institutional investors.

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Clean Harbors stock opened at $48.71 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.29 and a quick ratio of 1.94. Clean Harbors Inc has a 1-year low of $46.62 and a 1-year high of $61.62. The company has a market cap of $2,752.46, a price-to-earnings ratio of 27.52 and a beta of 1.08.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 28th. The business services provider reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.13). Clean Harbors had a return on equity of 1.36% and a net margin of 3.42%. The company had revenue of $747.40 million during the quarter, compared to the consensus estimate of $720.50 million. During the same quarter last year, the company posted ($0.06) earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. sell-side analysts predict that Clean Harbors Inc will post 0.71 earnings per share for the current fiscal year.

In other Clean Harbors news, COO Eric W. Gerstenberg sold 7,150 shares of the company’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $52.77, for a total value of $377,305.50. Following the completion of the transaction, the chief operating officer now directly owns 86,202 shares in the company, valued at approximately $4,548,879.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark G. Bouldin sold 703 shares of the company’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $47.62, for a total transaction of $33,476.86. Following the completion of the transaction, the executive vice president now owns 17,744 shares of the company’s stock, valued at $844,969.28. The disclosure for this sale can be found here. Insiders sold a total of 57,389 shares of company stock valued at $2,959,708 over the last 90 days. Company insiders own 8.90% of the company’s stock.

CLH has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Clean Harbors from a “hold” rating to a “sell” rating in a report on Monday, March 5th. Robert W. Baird reiterated a “hold” rating and set a $57.00 price target on shares of Clean Harbors in a report on Thursday, March 1st. Canaccord Genuity reiterated a “hold” rating and set a $57.00 price target on shares of Clean Harbors in a report on Thursday, January 18th. BMO Capital Markets reiterated an “outperform” rating and set a $60.00 price target (down from $61.00) on shares of Clean Harbors in a report on Thursday, March 1st. Finally, UBS lowered shares of Clean Harbors from an “outperform” rating to a “market perform” rating in a report on Thursday, March 1st. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $58.80.

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About Clean Harbors

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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