Armis Advisers LLC Purchases Shares of 1,419 Clean Harbors, Inc. (NYSE:CLH)

Armis Advisers LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,419 shares of the business services provider's stock, valued at approximately $327,000.

Other hedge funds also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda acquired a new stake in shares of Clean Harbors in the fourth quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after buying an additional 159 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after buying an additional 103 shares during the last quarter. Assetmark Inc. boosted its holdings in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new stake in Clean Harbors in the 4th quarter valued at approximately $56,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded up $1.22 on Friday, hitting $226.89. The company had a trading volume of 219,211 shares, compared to its average volume of 350,333. The business has a 50-day simple moving average of $212.71 and a 200-day simple moving average of $223.77. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a market cap of $12.16 billion, a PE ratio of 30.58 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 posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business's revenue was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. Research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, CFO Eric J. Dugas bought 1,050 shares of the business's stock in a transaction on Monday, March 10th. The stock was bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,833 shares of company stock worth $1,227,181. 5.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CLH has been the subject of several research reports. The Goldman Sachs Group cut their price objective on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Needham & Company LLC decreased their price target 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. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. UBS Group dropped their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Robert W. Baird increased their price objective 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $257.67.

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.