Gilder Gagnon Howe & Co. LLC Boosts Stake in Clean Harbors, Inc. (NYSE:CLH)

Gilder Gagnon Howe & Co. LLC grew its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 1,566.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,876 shares of the business services provider's stock after acquiring an additional 52,522 shares during the period. Gilder Gagnon Howe & Co. LLC owned 0.10% of Clean Harbors worth $12,859,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CLH. Skandinaviska Enskilda Banken AB publ boosted its stake in Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after purchasing an additional 159 shares during the period. Allworth Financial LP boosted its holdings in Clean Harbors by 130.4% in 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 period. Assetmark Inc. grew its position in shares of Clean Harbors by 10,250.0% during 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. Physician Wealth Advisors Inc. bought a new position in shares of Clean Harbors in the fourth quarter worth $56,000. Finally, UMB Bank n.a. raised its position in shares of Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock worth $64,000 after buying an additional 66 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Trading Up 2.6 %

Shares of NYSE CLH traded up $5.62 during midday trading on Friday, reaching $223.00. The company had a trading volume of 153,357 shares, compared to its average volume of 348,165. The stock has a market cap of $12.09 billion, a PE ratio of 30.06 and a beta of 1.11. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The firm's fifty day moving average price is $201.15 and its 200-day moving average price is $227.72. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

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 the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The business's revenue was up 4.0% on a year-over-year basis. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insiders Place Their Bets

In other Clean Harbors news, 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, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CLH shares. UBS Group decreased their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group decreased their price target 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. StockNews.com upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday. 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 research note on Thursday. Finally, BMO Capital Markets lowered their price target 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. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $255.40.

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.