1,491 Shares in Clean Harbors, Inc. (NYSE:CLH) Acquired by Oak Thistle LLC

Key Points

• Oak Thistle LLC has acquired a new position in Clean Harbors, purchasing 1,491 shares valued at approximately $294,000 during Q1.
• Insider trading activity showed notable sales, including a 23.07% decrease in ownership by Director Alison A. Quirk, who sold 893 shares valued at nearly $200,000.
• Wall Street analysts have mixed opinions on Clean Harbors, with target price adjustments ranging from $205.00 to $255.00, and a current consensus rating of "Moderate Buy."

Oak Thistle LLC acquired a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,491 shares of the business services provider's stock, valued at approximately $294,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its holdings in Clean Harbors by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock valued at $913,000 after purchasing an additional 122 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Clean Harbors by 16.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock valued at $209,000 after buying an additional 148 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Clean Harbors by 18.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider's stock valued at $1,638,000 after buying an additional 1,301 shares during the last quarter. Deutsche Bank AG boosted its stake in Clean Harbors by 1.0% during the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after acquiring an additional 56 shares during the last quarter. Finally, Ritholtz Wealth Management bought a new position in Clean Harbors during the 1st quarter valued at $202,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Insider Transactions at Clean Harbors

In related news, Director Alison A. Quirk sold 893 shares of Clean Harbors stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $223.69, for a total value of $199,755.17. Following the sale, the director directly owned 2,978 shares in the company, valued at $666,148.82. This trade represents a 23.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian P. Weber sold 3,035 shares of Clean Harbors stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $227.17, for a total value of $689,460.95. Following the sale, the executive vice president directly owned 54,548 shares in the company, valued at approximately $12,391,669.16. This trade represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,112 shares of company stock worth $3,416,406 over the last 90 days. Corporate insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

Shares of NYSE CLH traded up $2.80 during mid-day trading on Tuesday, hitting $236.88. The company had a trading volume of 60,701 shares, compared to its average volume of 415,838. The stock has a market cap of $12.69 billion, a price-to-earnings ratio of 32.82 and a beta of 1.16. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. The firm's 50 day simple moving average is $228.87 and its two-hundred day simple moving average is $219.98.

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. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CLH. UBS Group reduced 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. Raymond James Financial reduced their price target on shares of Clean Harbors from $280.00 to $278.00 and set a "strong-buy" rating on the stock in a research report on Tuesday, July 22nd. Needham & Company LLC reduced their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Robert W. Baird increased their target price on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Clean Harbors currently has a consensus rating of "Moderate Buy" and an average target price of $259.70.

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.