Tectonic Advisors LLC Decreases Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Tectonic Advisors LLC reduced its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 25.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,360 shares of the business services provider's stock after selling 12,557 shares during the period. Tectonic Advisors LLC owned approximately 0.07% of Clean Harbors worth $9,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in CLH. Innealta Capital LLC purchased a new stake in shares of Clean Harbors in the second quarter worth about $25,000. UMB Bank n.a. boosted its stake in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock worth $52,000 after buying an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Clean Harbors in the second quarter worth about $56,000. CENTRAL TRUST Co boosted its stake in shares of Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after buying an additional 160 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of Clean Harbors by 117.7% in the second quarter. Blue Trust Inc. now owns 320 shares of the business services provider's stock worth $72,000 after buying an additional 173 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

CLH traded down $1.67 on Friday, hitting $253.82. 190,486 shares of the company traded hands, compared to its average volume of 285,690. The company has a 50 day moving average of $245.86 and a 200-day moving average of $227.35. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $261.81. The stock has a market capitalization of $13.69 billion, a PE ratio of 36.73 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.25. The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Insider Buying and Selling

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Lauren States sold 308 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the transaction, the director now owns 13,150 shares of the company's stock, valued at approximately $3,428,731. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now directly owns 77,136 shares of the company's stock, valued at $18,955,400.64. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,617 shares of company stock valued at $2,613,132. Corporate insiders own 5.90% of the company's stock.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Robert W. Baird increased their price target on Clean Harbors from $242.00 to $268.00 and gave the stock an "outperform" rating in a research report on Thursday, August 1st. Needham & Company LLC increased their price target on Clean Harbors from $235.00 to $274.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Oppenheimer increased their price target on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Truist Financial raised their target price on Clean Harbors from $240.00 to $260.00 and gave the company a "buy" rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors has a consensus rating of "Buy" and a consensus target price of $250.89.

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.