7,000 Shares in Clean Harbors, Inc. (NYSE:CLH) Bought by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. purchased a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,000 shares of the business services provider's stock, valued at approximately $1,692,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. lifted its stake in Clean Harbors by 15.2% in the 1st quarter. Edgestream Partners L.P. now owns 3,813 shares of the business services provider's stock worth $768,000 after purchasing an additional 502 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in Clean Harbors by 7.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,631 shares of the business services provider's stock valued at $328,000 after purchasing an additional 111 shares during the last quarter. Seven Eight Capital LP purchased a new position in Clean Harbors in the first quarter worth about $889,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Clean Harbors by 0.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,415 shares of the business services provider's stock valued at $6,528,000 after acquiring an additional 234 shares during the period. Finally, Ossiam lifted its holdings in Clean Harbors by 370.7% in the 1st quarter. Ossiam now owns 25,600 shares of the business services provider's stock worth $5,154,000 after purchasing an additional 20,161 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CLH shares. Robert W. Baird cut their price target on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Needham & Company LLC dropped their price target on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. StockNews.com lowered shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Stifel Nicolaus reissued a "buy" rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Oppenheimer lifted their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $254.33.

Clean Harbors Stock Performance

CLH traded up $0.83 during trading on Wednesday, reaching $247.59. 245,534 shares of the company were exchanged, compared to its average volume of 297,000. The stock has a market cap of $13.35 billion, a P/E ratio of 32.24 and a beta of 1.20. The firm has a 50 day moving average of $249.50 and a 200 day moving average of $234.56. Clean Harbors, Inc. has a 52 week low of $158.42 and a 52 week high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. The business's quarterly revenue was up 12.0% compared to the same quarter last year. On average, sell-side analysts forecast that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, insider Robert Speights sold 610 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the transaction, the director now directly owns 13,150 shares in the company, valued at $3,428,731. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,586 shares of company stock worth $4,351,841 in the last ninety days. 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.