Tectonic Advisors LLC Has $8.91 Million Position in Clean Harbors, Inc. (NYSE:CLH)

Tectonic Advisors LLC boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 3.6% in the fourth quarter, HoldingsChannel reports. The firm owned 38,719 shares of the business services provider’s stock after purchasing an additional 1,359 shares during the quarter. Tectonic Advisors LLC’s holdings in Clean Harbors were worth $8,911,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its stake in shares of Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after buying an additional 100,394 shares during the last quarter. FMR LLC lifted its position in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after acquiring an additional 187,140 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Clean Harbors by 0.5% during the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock worth $386,477,000 after acquiring an additional 7,948 shares during the period. State Street Corp grew its position in shares of Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after purchasing an additional 21,662 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Clean Harbors by 1.4% during the third quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock worth $204,955,000 after purchasing an additional 11,808 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total value of $1,515,291.42. Following the sale, the chief executive officer now owns 55,657 shares in the company, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24. Following the transaction, the director now owns 12,842 shares of the company’s stock, valued at $3,207,674.76. This trade represents a 2.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,836 shares of company stock valued at $1,966,314 over the last ninety days. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Trading Up 0.7 %

Shares of CLH stock opened at $235.74 on Wednesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a fifty-two week low of $169.62 and a fifty-two week high of $267.11. The company has a market cap of $12.71 billion, a PE ratio of 30.70 and a beta of 1.24. The stock’s fifty day moving average price is $238.93 and its two-hundred day moving average price is $242.31.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a report on Thursday, January 16th. TD Cowen began coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price target on the stock. Truist Financial lifted their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target 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.