Spirepoint Private Client LLC Purchases 27,998 Shares of Clean Harbors, Inc. (NYSE:CLH)

Spirepoint Private Client LLC grew its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 34.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 109,565 shares of the business services provider's stock after purchasing an additional 27,998 shares during the period. Clean Harbors comprises about 3.2% of Spirepoint Private Client LLC's investment portfolio, making the stock its 4th biggest position. Spirepoint Private Client LLC owned about 0.20% of Clean Harbors worth $25,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tectonic Advisors LLC lifted its holdings in shares of Clean Harbors by 3.6% during the 4th quarter. Tectonic Advisors LLC now owns 38,719 shares of the business services provider's stock worth $8,911,000 after acquiring an additional 1,359 shares during the period. Longboard Asset Management LP acquired a new stake in Clean Harbors during the fourth quarter valued at approximately $226,000. Trust Point Inc. raised its holdings in shares of Clean Harbors by 34.9% in the 4th quarter. Trust Point Inc. now owns 1,532 shares of the business services provider's stock worth $353,000 after buying an additional 396 shares in the last quarter. Spire Wealth Management lifted its position 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 worth $69,000 after buying an additional 238 shares during the period. Finally, DAVENPORT & Co LLC boosted its stake in Clean Harbors by 2.0% in the 4th quarter. DAVENPORT & Co LLC now owns 339,898 shares of the business services provider's stock valued at $78,228,000 after buying an additional 6,568 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CLH. Truist Financial boosted their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. Oppenheimer upped their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. Robert W. Baird cut their target price 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. StockNews.com lowered Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. Finally, TD Cowen initiated coverage on Clean Harbors in a research report on Friday, December 6th. They issued a "buy" rating and a $325.00 price objective for the company. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of "Buy" and an average target price of $269.44.

Insider Activity

In related news, Director Lauren States sold 308 shares of the company's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Brian P. Weber sold 861 shares of the firm's stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,836 shares of company stock valued at $1,966,314. 5.90% of the stock is currently owned by insiders.

Clean Harbors Trading Up 0.6 %

Clean Harbors stock traded up $1.36 during mid-day trading on Monday, hitting $235.73. The stock had a trading volume of 154,593 shares, compared to its average volume of 313,955. The stock has a 50-day simple moving average of $237.56 and a two-hundred day simple moving average of $242.39. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a market capitalization of $12.71 billion, a PE ratio of 30.69 and a beta of 1.24. Clean Harbors, Inc. has a 12 month low of $176.02 and a 12 month high of $267.11.

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.