Picton Mahoney Asset Management Raises Stake in Clean Harbors, Inc. (NYSE:CLH)

Picton Mahoney Asset Management grew its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,016 shares of the business services provider's stock after purchasing an additional 4,795 shares during the quarter. Picton Mahoney Asset Management owned 0.08% of Clean Harbors worth $9,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CLH. Skandinaviska Enskilda Banken AB publ lifted its stake in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after acquiring an additional 159 shares during the last quarter. Allworth Financial LP lifted its stake in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after acquiring an additional 103 shares during the last quarter. Assetmark Inc. lifted its stake in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after acquiring an additional 205 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Clean Harbors in the third quarter worth approximately $56,000. Finally, UMB Bank n.a. lifted its stake in Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock worth $64,000 after acquiring an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

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Clean Harbors Stock Performance

Shares of Clean Harbors stock traded up $1.81 during trading on Wednesday, reaching $196.72. The company's stock had a trading volume of 378,946 shares, compared to its average volume of 315,712. The company has a 50-day moving average price of $222.52 and a two-hundred day moving average price of $237.58. The firm has a market cap of $10.59 billion, a PE ratio of 26.51 and a beta of 1.22. Clean Harbors, Inc. has a fifty-two week low of $186.54 and a fifty-two week high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for 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 quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 EPS. On average, analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Oppenheimer decreased their price target on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. StockNews.com upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. The Goldman Sachs Group reduced their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday. 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 report on Thursday, February 20th. Finally, Stifel Nicolaus reduced their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report 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 stock. According to MarketBeat.com, Clean Harbors presently has a consensus rating of "Buy" and an average price target of $266.56.

Insider Activity

In other news, CFO Eric J. Dugas acquired 1,050 shares of the company's stock in a transaction on Monday, March 10th. The shares were bought at an average cost of $191.38 per share, with a total value of $200,949.00. Following the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Speights sold 2,725 shares of the business's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,341 shares of company stock valued at $663,041 in the last ninety days. 5.90% of the stock is currently owned by company insiders.

About Clean Harbors

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.