Sigma Planning Corp Purchases 1,990 Shares of Clean Harbors, Inc. (NYSE:CLH)

Sigma Planning Corp grew its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 44.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,446 shares of the business services provider’s stock after acquiring an additional 1,990 shares during the period. Sigma Planning Corp’s holdings in Clean Harbors were worth $1,483,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Creative Planning raised its holdings in shares of Clean Harbors by 10.8% during the third quarter. Creative Planning now owns 3,147 shares of the business services provider’s stock valued at $761,000 after acquiring an additional 308 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Clean Harbors by 19.1% during the 3rd quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock worth $86,000 after acquiring an additional 61 shares during the period. Signaturefd LLC raised its position in shares of Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after acquiring an additional 52 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Clean Harbors by 8.0% in the 3rd quarter. Private Advisor Group LLC now owns 1,502 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 111 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Clean Harbors during the third quarter valued at approximately $31,550,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

Shares of CLH opened at $211.99 on Tuesday. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 28.57 and a beta of 1.24. The business’s fifty day simple moving average is $232.45 and its two-hundred day simple moving average is $242.05. Clean Harbors, Inc. has a 12 month low of $180.37 and a 12 month high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company earned $1.82 EPS. Research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CLH. BMO Capital Markets decreased their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Oppenheimer lowered 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. TD Cowen assumed coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. Robert W. Baird lowered their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $270.56.

Insider Transactions at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the sale, the director now directly owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,785 shares of company stock worth $444,558 over the last three months. 5.90% of the stock is currently owned by company insiders.

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.