Murphy & Mullick Capital Management Corp Takes $901,000 Position in Clean Harbors, Inc. (NYSE:CLH)

Murphy & Mullick Capital Management Corp purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,914 shares of the business services provider's stock, valued at approximately $901,000.

A number of other hedge funds have also recently modified their holdings of the company. Pathstone Holdings LLC raised its position in Clean Harbors by 1.3% in the third quarter. Pathstone Holdings LLC now owns 5,893 shares of the business services provider's stock valued at $1,424,000 after purchasing an additional 73 shares during the period. Meridian Wealth Management LLC purchased a new stake in Clean Harbors in the 3rd quarter valued at about $237,000. Cerity Partners LLC boosted its stake in Clean Harbors by 30.6% during the third quarter. Cerity Partners LLC now owns 15,277 shares of the business services provider's stock worth $3,693,000 after buying an additional 3,580 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Clean Harbors during the third quarter valued at about $919,000. Finally, Bank of Montreal Can raised its stake in shares of Clean Harbors by 11.1% in the 3rd quarter. Bank of Montreal Can now owns 40,629 shares of the business services provider's stock valued at $9,687,000 after acquiring an additional 4,060 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CLH. StockNews.com raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. BMO Capital Markets dropped their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus decreased their target price on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Truist Financial lowered their target price on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, Robert W. Baird cut their price target on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. One 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. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $266.56.

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Insider Transactions at Clean Harbors

In other news, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Speights sold 2,725 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Down 1.1 %

Shares of CLH stock traded down $2.19 during trading hours on Friday, reaching $197.24. 421,837 shares of the stock were exchanged, compared to its average volume of 325,529. Clean Harbors, Inc. has a 12-month low of $186.54 and a 12-month high of $267.11. The business's fifty day moving average is $216.86 and its two-hundred day moving average is $235.40. 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 firm has a market capitalization of $10.62 billion, a P/E ratio of 26.58 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.82 EPS. As a group, research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.