Mountain Pacific Investment Advisers LLC Boosts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Mountain Pacific Investment Advisers LLC increased its holdings in Clean Harbors, Inc. (NYSE:CLH) by 4.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 99,039 shares of the business services provider’s stock after acquiring an additional 4,240 shares during the period. Clean Harbors makes up approximately 1.6% of Mountain Pacific Investment Advisers LLC’s investment portfolio, making the stock its 26th biggest position. Mountain Pacific Investment Advisers LLC’s holdings in Clean Harbors were worth $22,793,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. UMB Bank n.a. lifted its stake in Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Clean Harbors during the 3rd quarter valued at about $56,000. CENTRAL TRUST Co grew its position in Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after acquiring an additional 160 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after purchasing an additional 87 shares during the period. Finally, Blue Trust Inc. lifted its position in Clean Harbors by 19.1% in the third quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 61 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In related news, insider Robert Speights sold 610 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the transaction, the director now owns 12,842 shares of the company’s stock, valued at $3,207,674.76. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,446 shares of company stock worth $2,112,800. 5.90% of the stock is currently owned by company insiders.

Clean Harbors Trading Up 1.1 %

CLH opened at $241.80 on Tuesday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 52 week low of $163.72 and a 52 week high of $267.11. The stock has a market cap of $13.03 billion, a PE ratio of 31.48 and a beta of 1.24. The business has a 50 day moving average of $242.05 and a 200-day moving average of $241.40.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 EPS. Equities research analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CLH. Stifel Nicolaus raised their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Needham & Company LLC restated a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, January 16th. Oppenheimer upped their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, TD Cowen initiated coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $269.44.

Clean Harbors 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.