MJP Associates Inc. ADV Has $376,000 Holdings in Clean Harbors, Inc. (NYSE:CLH)

MJP Associates Inc. ADV lowered its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 64.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,633 shares of the business services provider's stock after selling 3,006 shares during the period. MJP Associates Inc. ADV's holdings in Clean Harbors were worth $376,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Traynor Capital Management Inc. raised its stake 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 acquiring an additional 50 shares during the last quarter. Williamson Legacy Group LLC raised its position in Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock worth $858,000 after purchasing an additional 53 shares during the last quarter. Deutsche Bank AG raised its position in Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after purchasing an additional 56 shares during the last quarter. Scotia Capital Inc. raised its position in Clean Harbors by 0.4% in the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock worth $3,282,000 after purchasing an additional 59 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Clean Harbors by 15.7% in the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider's stock worth $107,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CLH. Needham & Company LLC dropped their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus dropped their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. StockNews.com upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Oppenheimer dropped their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, BMO Capital Markets dropped their price objective 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors Trading Up 1.3%

CLH traded up $3.05 during trading on Friday, reaching $232.70. 229,951 shares of the company's stock were exchanged, compared to its average volume of 349,621. The company's fifty day moving average price is $205.43 and its 200-day moving average price is $225.60. 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 fifty-two week low of $178.29 and a fifty-two week high of $267.11. The firm has a market capitalization of $12.47 billion, a PE ratio of 31.36 and a beta of 1.19.

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

Insider Activity

In other news, CFO Eric J. Dugas purchased 1,050 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was bought at an average price 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 approximately $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company's stock, valued at $2,726,719.22. This trade represents a 2.52% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by company insiders.

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.