Vestcor Inc Buys 4,877 Shares of Clean Harbors, Inc. (NYSE:CLH)

Vestcor Inc lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 331.3% in the 4th quarter, Holdings Channel reports. The fund owned 6,349 shares of the business services provider’s stock after acquiring an additional 4,877 shares during the quarter. Vestcor Inc’s holdings in Clean Harbors were worth $1,461,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLH. Swiss National Bank raised its stake in shares of Clean Harbors by 0.8% in the 4th quarter. Swiss National Bank now owns 100,900 shares of the business services provider’s stock valued at $23,221,000 after purchasing an additional 800 shares during the period. Avantax Advisory Services Inc. acquired a new stake in Clean Harbors in the 4th quarter valued at approximately $200,000. Truvestments Capital LLC lifted its stake in Clean Harbors by 20.3% in the 4th quarter. Truvestments Capital LLC now owns 4,609 shares of the business services provider’s stock valued at $1,061,000 after acquiring an additional 778 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Clean Harbors by 0.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 10,134 shares of the business services provider’s stock worth $2,332,000 after acquiring an additional 72 shares during the last quarter. Finally, Prosperity Financial Group Inc. bought a new position in shares of Clean Harbors during the 4th quarter worth approximately $254,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. BMO Capital Markets reduced their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Robert W. Baird reduced their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Stifel Nicolaus decreased their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $270.56.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the sale, the director now directly owns 12,534 shares in the company, valued at $3,071,582.04. This trade represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Eric J. Dugas bought 1,050 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. The trade was a 4.53 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 3,649 shares of company stock valued at $738,519. Company insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

NYSE:CLH opened at $193.11 on Friday. Clean Harbors, Inc. has a 12-month low of $186.54 and a 12-month high of $267.11. The firm has a market capitalization of $10.40 billion, a price-to-earnings ratio of 26.03 and a beta of 1.22. The stock’s 50 day moving average price is $223.92 and its two-hundred day moving average price is $238.30. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $1.82 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors Company 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.