K.J. Harrison & Partners Inc Has $4.02 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

K.J. Harrison & Partners Inc raised its position in Clean Harbors, Inc. (NYSE:CLH) by 9.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,495 shares of the business services provider’s stock after purchasing an additional 1,443 shares during the period. K.J. Harrison & Partners Inc’s holdings in Clean Harbors were worth $4,015,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Allworth Financial LP raised its stake in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after buying an additional 103 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors in the 3rd quarter worth about $56,000. UMB Bank n.a. lifted its stake in shares of Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 66 shares during the period. Spire Wealth Management boosted its position in shares of Clean Harbors by 396.7% during the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 238 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 87 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Down 0.5 %

Shares of NYSE CLH opened at $213.07 on Thursday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a 50-day moving average price of $231.51 and a 200-day moving average price of $241.72. The stock has a market capitalization of $11.48 billion, a P/E ratio of 28.72 and a beta of 1.24. Clean Harbors, Inc. has a 1 year low of $180.37 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business earned $1.82 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CLH shares. Needham & Company LLC reissued a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. StockNews.com downgraded shares of Clean Harbors from a “buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer reduced their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. BMO Capital Markets decreased their price target 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. Finally, Stifel Nicolaus cut their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.56.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have sold 924 shares of company stock valued at $219,570 in the last three months. 5.90% of the stock is currently owned by insiders.

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.