Sigma Planning Corp Sells 249 Shares of Clean Harbors, Inc. (NYSE:CLH)

Sigma Planning Corp decreased its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,736 shares of the business services provider’s stock after selling 249 shares during the quarter. Sigma Planning Corp’s holdings in Clean Harbors were worth $303,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CLH. Millburn Ridgefield Corp bought a new stake in Clean Harbors in the third quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new stake in Clean Harbors in the third quarter valued at about $25,000. Contravisory Investment Management Inc. bought a new stake in Clean Harbors in the fourth quarter valued at about $25,000. C M Bidwell & Associates Ltd. bought a new stake in Clean Harbors in the third quarter valued at about $33,000. Finally, Blue Trust Inc. increased its stake in Clean Harbors by 52.4% in the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 75 shares during the period. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of CLH stock opened at $194.00 on Friday. Clean Harbors, Inc. has a 1 year low of $129.70 and a 1 year high of $204.06. The firm’s 50 day moving average is $192.35 and its 200-day moving average is $175.99. The firm has a market capitalization of $10.60 billion, a price-to-earnings ratio of 27.91 and a beta of 1.24. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same period in the prior year, the business earned $1.44 earnings per share. Clean Harbors’s quarterly revenue was up 4.7% on a year-over-year basis. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of analyst reports. Needham & Company LLC upped their target price on shares of Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. Oppenheimer boosted their price target on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. BMO Capital Markets boosted their price target on shares of Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $220.00 price target on shares of Clean Harbors in a research report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $207.90.

Insider Transactions at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the transaction, the chief executive officer now directly owns 67,374 shares in the company, valued at $12,646,773.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the sale, the chief executive officer now directly owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,185 shares of company stock worth $4,819,554. Corporate insiders own 6.70% of the company’s stock.

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.