New Age Alpha Advisors LLC Takes $2.56 Million Position in Clean Harbors, Inc. (NYSE:CLH)

New Age Alpha Advisors LLC bought a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,128 shares of the business services provider's stock, valued at approximately $2,561,000.

Several other large investors have also recently bought and sold shares of CLH. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Clean Harbors by 2,650.0% in the 4th 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 period. Allworth Financial LP lifted its position 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 purchasing an additional 103 shares during the period. Assetmark Inc. boosted its stake in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. UMB Bank n.a. increased its position in shares of Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after purchasing an additional 66 shares during the period. Finally, Spire Wealth Management raised its stake in shares of Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock worth $69,000 after buying an additional 238 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

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Clean Harbors Stock Down 5.5 %

CLH traded down $11.24 on Thursday, reaching $194.69. 88,261 shares of the company traded hands, compared to its average volume of 327,521. The company has a market cap of $10.49 billion, a price-to-earnings ratio of 26.24 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The stock's 50 day moving average price is $214.30 and its 200-day moving average price is $234.56. Clean Harbors, Inc. has a 52-week low of $186.54 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business posted $1.82 earnings per share. Clean Harbors's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analyst Ratings Changes

CLH has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Needham & Company LLC reaffirmed a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. Truist Financial reduced their target price on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Robert W. Baird dropped their price target on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Oppenheimer reduced their price objective 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. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $266.56.

Insiders Place Their Bets

In other Clean Harbors news, CFO Eric J. Dugas acquired 1,050 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the acquisition, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,341 shares of company stock valued at $663,041 in the last three months. 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.