JPMorgan Chase & Co. Raises Stake in Clean Harbors, Inc. (NYSE:CLH)

JPMorgan Chase & Co. raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 3.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 194,218 shares of the business services provider's stock after purchasing an additional 6,313 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of Clean Harbors worth $44,697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Traynor Capital Management Inc. raised its holdings in shares of Clean Harbors by 3.6% in the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock valued at $334,000 after purchasing an additional 50 shares during the last quarter. Williamson Legacy Group LLC grew its position in Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock worth $858,000 after purchasing an additional 53 shares in the last quarter. GAMMA Investing LLC increased its stake in Clean Harbors by 10.1% in the 4th quarter. GAMMA Investing LLC now owns 619 shares of the business services provider's stock valued at $142,000 after buying an additional 57 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Clean Harbors by 17.8% during the 4th quarter. Versant Capital Management Inc now owns 384 shares of the business services provider's stock worth $88,000 after buying an additional 58 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Clean Harbors by 15.7% in the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider's stock worth $107,000 after buying an additional 60 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Remove Ads

Clean Harbors Price Performance

NYSE:CLH traded up $6.14 during mid-day trading on Friday, hitting $200.20. 563,271 shares of the stock traded hands, compared to its average volume of 339,464. The business's 50-day moving average price is $206.23 and its 200 day moving average price is $231.29. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The company has a market cap of $10.78 billion, a PE ratio of 26.98 and a beta of 1.11. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly 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. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business earned $1.82 EPS. The business's revenue for the quarter was up 6.9% on a year-over-year basis. On average, analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Robert Speights sold 2,725 shares of Clean Harbors 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 sale, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lauren States sold 308 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,341 shares of company stock worth $663,041 over the last ninety days. 5.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CLH shares. Stifel Nicolaus reduced their price objective on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group reduced their price target 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, March 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Robert W. Baird reduced their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, UBS Group lowered their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $260.40.

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.