Clean Harbors, Inc. (NYSE:CLH) Holdings Boosted by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC grew its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,144 shares of the business services provider's stock after purchasing an additional 15,659 shares during the period. Silvercrest Asset Management Group LLC owned approximately 0.50% of Clean Harbors worth $62,171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC boosted its position in Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock worth $6,781,000 after acquiring an additional 8,639 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Clean Harbors during the fourth quarter worth approximately $8,100,000. Redhawk Wealth Advisors Inc. grew its position in Clean Harbors by 6.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 12,230 shares of the business services provider's stock valued at $2,815,000 after purchasing an additional 765 shares in the last quarter. Border to Coast Pensions Partnership Ltd acquired a new position in Clean Harbors in the 4th quarter valued at approximately $4,600,000. Finally, Avanza Fonder AB purchased a new stake in Clean Harbors in the 4th quarter worth approximately $191,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Analysts Set New Price Targets

CLH has been the topic of a number of research reports. StockNews.com raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. UBS Group reduced their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group dropped their price objective on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. BMO Capital Markets reduced their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, Robert W. Baird increased their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $257.67.

Clean Harbors Trading Down 0.2%

Shares of NYSE:CLH opened at $229.48 on Friday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock's 50-day moving average is $205.43 and its 200-day moving average is $225.60. The company has a market cap of $12.30 billion, a P/E ratio of 30.93 and a beta of 1.19. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released 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 firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the firm posted $1.29 EPS. The company's revenue was up 4.0% on a year-over-year basis. Equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Activity at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 5.60% 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.

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