Fiduciary Alliance LLC Invests $846,000 in Clean Harbors, Inc. (NYSE:CLH)

Fiduciary Alliance LLC purchased 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 13F filing with the SEC. The institutional investor purchased 3,674 shares of the business services provider's stock, valued at approximately $846,000.

Several other hedge funds also recently modified their holdings of CLH. Clearbridge Investments LLC grew its stake in Clean Harbors by 30.6% in the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider's stock valued at $239,361,000 after buying an additional 248,240 shares during the last quarter. FMR LLC grew its stake in Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock valued at $422,319,000 after buying an additional 187,140 shares during the last quarter. Wellington Management Group LLP grew its stake in Clean Harbors by 3.0% in 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 buying an additional 100,394 shares during the last quarter. Marshall Wace LLP grew its stake in Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider's stock valued at $121,505,000 after buying an additional 90,756 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Clean Harbors in the 3rd quarter valued at $17,258,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Price Performance

Shares of NYSE:CLH traded up $4.20 during midday trading on Tuesday, reaching $234.16. 350,456 shares of the company's stock were exchanged, compared to its average volume of 326,645. Clean Harbors, Inc. has a 12 month low of $162.36 and a 12 month high of $267.11. The firm has a market capitalization of $12.62 billion, a PE ratio of 30.49 and a beta of 1.24. The company's 50 day simple moving average is $243.84 and its two-hundred day simple moving average is $240.84. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $1.68 earnings per share. The company's revenue for the quarter was up 12.0% on a year-over-year basis. Equities research analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CLH. Needham & Company LLC lowered their target price on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research note on Thursday, October 31st. TD Cowen initiated coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a "buy" rating and a $325.00 price target for the company. Truist Financial increased their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of Clean Harbors from $270.00 to $290.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Oppenheimer increased their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the company an "outperform" rating in a report on Monday. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of "Buy" and an average price target of $269.44.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the sale, the director now owns 12,842 shares in the company, valued at approximately $3,207,674.76. This trade represents a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert Speights sold 610 shares of the firm's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares of the company's stock, valued at $9,403,882.40. The trade was a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,138 shares of company stock valued at $2,039,175 in the last ninety days. Insiders own 5.90% of the company's stock.

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.