Clean Harbors, Inc. (NYSE:CLH) Stock Position Lifted by Boothbay Fund Management LLC

Boothbay Fund Management LLC boosted its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 106.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,181 shares of the business services provider's stock after acquiring an additional 19,175 shares during the quarter. Boothbay Fund Management LLC owned 0.07% of Clean Harbors worth $8,557,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CLH. Morse Asset Management Inc acquired a new stake in Clean Harbors in the third quarter valued at approximately $340,000. Barclays PLC raised its holdings in Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock worth $6,781,000 after purchasing an additional 8,639 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Clean Harbors during the 3rd quarter worth approximately $343,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Clean Harbors in the 3rd quarter valued at $108,000. Finally, Tidal Investments LLC grew its position in shares of Clean Harbors by 30.2% in the 3rd quarter. Tidal Investments LLC now owns 16,635 shares of the business services provider's stock valued at $4,021,000 after buying an additional 3,862 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Stock Up 2.5 %

Shares of CLH stock traded up $5.31 during trading hours on Thursday, reaching $219.25. The company had a trading volume of 150,215 shares, compared to its average volume of 481,307. 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 twelve month low of $178.29 and a twelve month high of $267.11. The company has a market capitalization of $11.88 billion, a P/E ratio of 29.55 and a beta of 1.11. The stock's fifty day simple moving average is $201.03 and its 200 day simple moving average is $228.00.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In related news, Director Lauren States sold 308 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Eric J. Dugas purchased 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at $4,638,668.44. The trade was a 4.53 % increase in their position. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CLH has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group decreased their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Robert W. Baird increased their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday. Stifel Nicolaus decreased their target price on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, UBS Group cut their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $255.40.

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.