Cwm LLC Has $221,000 Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Cwm LLC lifted its stake in Clean Harbors, Inc. (NYSE:CLH) by 50.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,266 shares of the business services provider’s stock after acquiring an additional 423 shares during the period. Cwm LLC’s holdings in Clean Harbors were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Daiwa Securities Group Inc. grew its stake in shares of Clean Harbors by 1.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 31,942 shares of the business services provider’s stock worth $5,574,000 after acquiring an additional 547 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Clean Harbors by 4.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,660 shares of the business services provider’s stock worth $2,384,000 after acquiring an additional 640 shares during the last quarter. Vontobel Holding Ltd. grew its stake in shares of Clean Harbors by 12.5% in the fourth quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock worth $106,803,000 after acquiring an additional 67,809 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Clean Harbors in the fourth quarter worth $2,461,000. Finally, Genesee Capital Advisors LLC grew its stake in shares of Clean Harbors by 4.1% in the fourth quarter. Genesee Capital Advisors LLC now owns 9,011 shares of the business services provider’s stock worth $1,573,000 after acquiring an additional 351 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Clean Harbors stock opened at $207.35 on Friday. The stock has a 50-day simple moving average of $193.42 and a 200 day simple moving average of $176.87. The company has a quick ratio of 1.66, a current ratio of 2.07 and a debt-to-equity ratio of 1.20. Clean Harbors, Inc. has a 12-month low of $132.92 and a 12-month high of $210.26. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 30.01 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same period in the previous year, the business posted $1.36 earnings per share. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that Clean Harbors, Inc. will post 7.4 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the transaction, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares in the company, valued at approximately $12,502,193.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock worth $4,819,554 over the last three months. 5.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CLH. BMO Capital Markets raised their target price on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Thursday. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 target price on shares of Clean Harbors in a research report on Thursday. Raymond James raised their target price on Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a research report on Thursday. Finally, Stifel Nicolaus reissued a “buy” rating and set a $220.00 price objective on shares of Clean Harbors in a report on Monday, April 22nd. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $216.40.

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.