Putney Financial Group LLC Invests $511,000 in Clean Harbors, Inc. (NYSE:CLH)

Putney Financial Group LLC purchased a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,220 shares of the business services provider's stock, valued at approximately $511,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Kapitalo Investimentos Ltda bought a new stake in Clean Harbors during the fourth quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. grew its position in shares of Clean Harbors by 10,250.0% during the fourth 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. bought a new stake in shares of Clean Harbors in the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 90.43% of the company's stock.

Insider Activity

In other news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. The trade was a 4.53% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 4,583 shares of company stock valued at $941,544. Company insiders own 5.60% of the company's stock.

Clean Harbors Stock Down 0.9%

NYSE:CLH traded down $2.15 during mid-day trading on Wednesday, hitting $226.99. 176,859 shares of the company's stock traded hands, compared to its average volume of 350,748. The company has a fifty day moving average of $211.07 and a 200 day moving average of $224.49. 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 $12.16 billion, a P/E ratio of 30.59 and a beta of 1.19. 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 (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.07. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company's revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.29 earnings per share. On average, analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CLH. The Goldman Sachs Group reduced their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Stifel Nicolaus reduced their target price on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Robert W. Baird lifted 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. Oppenheimer reduced their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, BMO Capital Markets dropped their target price on 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $257.67.

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.