Congress Park Capital LLC Has $1.81 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Congress Park Capital LLC reduced its holdings in Clean Harbors, Inc. (NYSE:CLH) by 1.4% in the 4th quarter, HoldingsChannel reports. The fund owned 7,843 shares of the business services provider’s stock after selling 114 shares during the period. Congress Park Capital LLC’s holdings in Clean Harbors were worth $1,805,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CLH. Redhawk Wealth Advisors Inc. increased its holdings in Clean Harbors by 6.7% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 12,230 shares of the business services provider’s stock valued at $2,815,000 after purchasing an additional 765 shares during the period. Assenagon Asset Management S.A. bought a new position in shares of Clean Harbors during the fourth quarter worth about $8,100,000. Fiduciary Alliance LLC acquired a new position in shares of Clean Harbors in the fourth quarter worth approximately $846,000. Fulton Bank N.A. boosted its holdings in Clean Harbors by 11.4% in the fourth quarter. Fulton Bank N.A. now owns 3,823 shares of the business services provider’s stock valued at $880,000 after acquiring an additional 392 shares during the last quarter. Finally, Northcape Capital Pty Ltd increased its position in Clean Harbors by 8.0% during the 4th quarter. Northcape Capital Pty Ltd now owns 10,381 shares of the business services provider’s stock valued at $2,389,000 after purchasing an additional 768 shares during the period. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Up 1.0 %

Shares of NYSE:CLH opened at $239.47 on Friday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a 52-week low of $162.62 and a 52-week high of $267.11. The business’s 50 day simple moving average is $242.84 and its two-hundred day simple moving average is $240.86. The firm has a market cap of $12.91 billion, a P/E ratio of 31.18 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. Clean Harbors’s revenue for the quarter was up 12.0% on a year-over-year basis. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CLH. Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday. Robert W. Baird cut their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Oppenheimer lifted their price objective on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price for the company. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $269.44.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 610 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. This represents a 1.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric W. Gerstenberg sold 6,051 shares of Clean Harbors stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $250.42, for a total value of $1,515,291.42. Following the transaction, the chief executive officer now owns 55,657 shares of the company’s stock, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,446 shares of company stock valued at $2,112,800. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors 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.