Catalyst Funds Management Pty Ltd Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Catalyst Funds Management Pty Ltd acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,200 shares of the business services provider's stock, valued at approximately $736,000.

A number of other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Clean Harbors during the fourth quarter worth approximately $57,956,000. FMR LLC grew its holdings in Clean Harbors by 12.0% during the 3rd 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 period. Wellington Management Group LLP raised its position 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 valued at $834,323,000 after acquiring an additional 100,394 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Clean Harbors by 50.4% in the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider's stock valued at $68,367,000 after purchasing an additional 99,591 shares during the period. Finally, Proficio Capital Partners LLC bought a new position in shares of Clean Harbors in the 4th quarter worth $16,525,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Performance

Shares of NYSE:CLH traded up $1.50 during trading on Thursday, reaching $198.26. 495,804 shares of the stock were exchanged, compared to its average volume of 470,604. Clean Harbors, Inc. has a 12 month low of $186.54 and a 12 month high of $267.11. The stock has a 50-day moving average price of $221.86 and a 200-day moving average price of $237.29. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The firm has a market cap of $10.68 billion, a PE ratio of 26.72 and a beta of 1.22.

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Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping 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 analysts' expectations of $1.43 billion. During the same period last year, the firm posted $1.82 EPS. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. Research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other news, CFO Eric J. Dugas bought 1,050 shares of the company's stock in a transaction dated Monday, March 10th. The stock was bought 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 owns 24,238 shares of the company's stock, valued at $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,341 shares of company stock worth $663,041. Company insiders own 5.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CLH. StockNews.com raised Clean Harbors from a "hold" rating to a "buy" rating in a research note on Wednesday. Robert W. Baird dropped their price target on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Oppenheimer cut their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. TD Cowen initiated coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a "buy" rating and a $325.00 target price for the company. Finally, BMO Capital Markets lowered their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $266.56.

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.