Otter Creek Advisors LLC Lowers Position in Clean Harbors, Inc. (NYSE:CLH)

Otter Creek Advisors LLC trimmed its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,784 shares of the business services provider's stock after selling 2,271 shares during the quarter. Otter Creek Advisors LLC's holdings in Clean Harbors were worth $3,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its stake in shares of 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 buying an additional 103 shares during the last quarter. Prospera Private Wealth LLC purchased a new stake in Clean Harbors in the 3rd quarter worth approximately $56,000. UMB Bank n.a. grew its stake 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 worth $64,000 after purchasing an additional 66 shares during the period. TD Private Client Wealth LLC increased its holdings in shares of Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider's stock valued at $70,000 after purchasing an additional 87 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in shares of Clean Harbors by 396.7% during the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock valued at $69,000 after purchasing an additional 238 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Clean Harbors

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders sold 924 shares of company stock valued at $219,570. Corporate insiders own 5.90% of the company's stock.

Clean Harbors Price Performance

Shares of NYSE:CLH traded up $2.72 during trading on Friday, reaching $213.24. The stock had a trading volume of 624,547 shares, compared to its average volume of 448,240. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a 1-year low of $180.37 and a 1-year high of $267.11. The stock has a market cap of $11.48 billion, a PE ratio of 28.74 and a beta of 1.24. The business has a fifty day moving average price of $230.70 and a 200-day moving average price of $241.43.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.82 EPS. On average, equities analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CLH has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. TD Cowen assumed coverage on shares of Clean Harbors in a research note on Friday, December 6th. They set a "buy" rating and a $325.00 target price on the stock. Stifel Nicolaus cut their price target 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. StockNews.com lowered Clean Harbors from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Oppenheimer decreased their target price on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $270.56.

Clean Harbors Company 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.