Accurate Wealth Management LLC bought a new position in Clean Harbors, Inc. (NYSE:CLH – Get Rating) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 237 shares of the business services provider’s stock, valued at approximately $28,000.
Other large investors have also recently made changes to their positions in the company. Artemis Investment Management LLP grew its holdings in Clean Harbors by 30.7% during the 3rd quarter. Artemis Investment Management LLP now owns 1,364,963 shares of the business services provider’s stock valued at $150,316,000 after purchasing an additional 320,550 shares during the last quarter. Millennium Management LLC increased its stake in Clean Harbors by 208.3% during the 2nd quarter. Millennium Management LLC now owns 424,551 shares of the business services provider’s stock valued at $37,220,000 after purchasing an additional 286,841 shares in the last quarter. Victory Capital Management Inc. increased its stake in Clean Harbors by 51.1% during the 3rd quarter. Victory Capital Management Inc. now owns 646,771 shares of the business services provider’s stock valued at $71,132,000 after purchasing an additional 218,711 shares in the last quarter. ExodusPoint Capital Management LP increased its stake in shares of Clean Harbors by 168.5% in the second quarter. ExodusPoint Capital Management LP now owns 294,835 shares of the business services provider’s stock worth $25,848,000 after acquiring an additional 185,011 shares during the period. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Clean Harbors in the first quarter worth $20,325,000. 88.13% of the stock is currently owned by institutional investors.
Clean Harbors Stock Down 0.7 %
Shares of NYSE:CLH opened at $132.72 on Friday. The company has a market capitalization of $7.18 billion, a PE ratio of 17.56 and a beta of 1.37. The company has a current ratio of 1.99, a quick ratio of 1.68 and a debt-to-equity ratio of 1.26. Clean Harbors, Inc. has a twelve month low of $81.56 and a twelve month high of $140.69. The firm has a 50 day simple moving average of $131.56 and a 200-day simple moving average of $121.76.
Analysts Set New Price Targets
A number of research firms have recently weighed in on CLH. StockNews.com started coverage on shares of Clean Harbors in a research note on Thursday, March 16th. They issued a “strong-buy” rating on the stock. BMO Capital Markets increased their price objective on shares of Clean Harbors from $132.00 to $154.00 and gave the company an “outperform” rating in a report on Thursday, March 2nd. Raymond James raised their price target on shares of Clean Harbors from $150.00 to $155.00 and gave the stock a “strong-buy” rating in a research note on Sunday, March 5th. Oppenheimer raised their price objective on shares of Clean Harbors from $135.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, March 2nd. Finally, Needham & Company LLC raised their price objective on shares of Clean Harbors from $140.00 to $146.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $145.00.
Insider Activity at Clean Harbors
In related news, EVP Sharon M. Gabriel sold 3,810 shares of the company’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $138.92, for a total value of $529,285.20. Following the completion of the sale, the executive vice president now owns 29,554 shares in the company, valued at approximately $4,105,641.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Clean Harbors news, insider Robert Speights sold 3,327 shares of the business’s stock in a transaction on Thursday, December 29th. The shares were sold at an average price of $113.71, for a total value of $378,313.17. Following the transaction, the insider now directly owns 36,340 shares of the company’s stock, valued at approximately $4,132,221.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sharon M. Gabriel sold 3,810 shares of the business’s stock in a transaction on Thursday, March 9th. The shares were sold at an average price of $138.92, for a total transaction of $529,285.20. Following the completion of the transaction, the executive vice president now directly owns 29,554 shares in the company, valued at $4,105,641.68. The disclosure for this sale can be found here. Insiders sold a total of 15,887 shares of company stock worth $2,083,323 in the last 90 days. 6.60% of the stock is owned by insiders.
Clean Harbors Profile
Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and the Safety-Kleen Sustainability Solutions segments. The Environmental Services segment consists of the technical services, industrial services, field services, and oil, gas, and lodging businesses.
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