Tectonic Advisors LLC Grows Holdings in Clean Harbors, Inc. (NYSE:CLH)

Tectonic Advisors LLC raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 38,719 shares of the business services provider's stock after purchasing an additional 1,359 shares during the period. Tectonic Advisors LLC owned approximately 0.07% of Clean Harbors worth $8,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CLH. Hantz Financial Services Inc. grew its holdings in Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider's stock worth $678,000 after buying an additional 39 shares in the last quarter. Icon Wealth Advisors LLC grew its stake in shares of Clean Harbors by 8.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider's stock worth $140,000 after acquiring an additional 45 shares in the last quarter. 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. Signaturefd LLC lifted its position in shares of Clean Harbors by 11.8% during the third quarter. Signaturefd LLC now owns 491 shares of the business services provider's stock valued at $119,000 after purchasing an additional 52 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in Clean Harbors by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider's stock worth $378,000 after purchasing an additional 53 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

Shares of CLH stock traded down $2.77 on Friday, hitting $234.09. 385,896 shares of the stock were exchanged, compared to its average volume of 300,054. Clean Harbors, Inc. has a one year low of $176.02 and a one year high of $267.11. The firm's 50 day moving average is $237.56 and its two-hundred day moving average is $242.29. The firm has a market capitalization of $12.62 billion, a PE ratio of 30.48 and a beta of 1.24. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Insider Activity

In other news, Director Lauren States sold 308 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24. Following the sale, the director now directly owns 12,842 shares in the company, valued at $3,207,674.76. This represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 861 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares of the company's stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,836 shares of company stock valued at $1,966,314 over the last quarter. Company insiders own 5.90% of the company's stock.

Analyst Upgrades and Downgrades

CLH has been the subject of several analyst reports. StockNews.com lowered shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. TD Cowen assumed coverage on Clean Harbors in a report on Friday, December 6th. They set a "buy" rating and a $325.00 price target on the stock. Needham & Company LLC restated a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, January 16th. Truist Financial lifted their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday, October 31st. Finally, Robert W. Baird reduced their price target on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $269.44.

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.