Toronto Dominion Bank Acquires Shares of 14,319 Clean Harbors, Inc. (NYSE:CLH)

Toronto Dominion Bank acquired a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,319 shares of the business services provider's stock, valued at approximately $3,295,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CLH. Traynor Capital Management Inc. raised its position in shares of Clean Harbors by 3.6% in the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock worth $334,000 after purchasing an additional 50 shares during the last quarter. Williamson Legacy Group LLC grew its holdings in shares of Clean Harbors by 1.4% during the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock valued at $858,000 after buying an additional 53 shares during the last quarter. Deutsche Bank AG increased its position in shares of Clean Harbors by 1.0% during the fourth 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 in the last quarter. Scotia Capital Inc. lifted 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 valued at $3,282,000 after acquiring an additional 59 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Clean Harbors by 15.7% during the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider's stock valued at $107,000 after purchasing an additional 60 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CLH. Needham & Company LLC dropped their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. BMO Capital Markets lowered their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Robert W. Baird increased their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Oppenheimer dropped their price target 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, Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.67.

Insider Activity at Clean Harbors

In other news, insider Robert Speights sold 2,725 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren States sold 836 shares of Clean Harbors stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total transaction of $189,078.12. Following the completion of the sale, the director now owns 11,871 shares of the company's stock, valued at $2,684,864.07. This trade represents a 6.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Clean Harbors Trading Down 0.4%

NYSE:CLH traded down $0.96 during midday trading on Wednesday, hitting $228.19. The stock had a trading volume of 23,134 shares, compared to its average volume of 349,456. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The stock has a 50-day moving average of $211.07 and a 200 day moving average of $224.49. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 30.75 and a beta of 1.19. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business 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 posted $1.29 EPS. The company's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

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.