Gladstone Institutional Advisory LLC Invests $299,000 in Clean Harbors, Inc. (NYSE:CLH)

Gladstone Institutional Advisory LLC purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,300 shares of the business services provider's stock, valued at approximately $299,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prospera Private Wealth LLC purchased a new stake in Clean Harbors in the third quarter valued at approximately $56,000. CENTRAL TRUST Co lifted its stake in Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after acquiring an additional 160 shares in the last quarter. UMB Bank n.a. lifted its stake in Clean Harbors by 30.8% during the 4th 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 in the last quarter. Spire Wealth Management grew its position in Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock valued at $69,000 after acquiring an additional 238 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its position in Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider's stock valued at $70,000 after acquiring an additional 87 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLH has been the topic of several recent analyst reports. StockNews.com lowered Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Oppenheimer upped their target price on shares of Clean Harbors from $255.00 to $256.00 and gave the company an "outperform" rating in a report on Monday, January 13th. Robert W. Baird decreased their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a "buy" rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, January 16th. Finally, Stifel Nicolaus lifted their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $269.44.

Insider Activity at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now directly owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $245.06, for a total value of $75,478.48. Following the sale, the director now directly owns 12,534 shares in the company, valued at $3,071,582.04. This trade represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,785 shares of company stock worth $444,558 over the last three months. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Performance

Shares of CLH stock traded down $5.49 during mid-day trading on Wednesday, hitting $221.21. The stock had a trading volume of 1,615,057 shares, compared to its average volume of 374,419. Clean Harbors, Inc. has a fifty-two week low of $176.02 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The company's 50-day simple moving average is $235.02 and its 200-day simple moving average is $242.45. The firm has a market cap of $11.92 billion, a PE ratio of 28.80 and a beta of 1.24.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data 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. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm earned $1.82 earnings per share. The firm's revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

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.