25,831 Shares in Clean Harbors, Inc. (NYSE:CLH) Bought by Empowered Funds LLC

Empowered Funds LLC acquired a new stake in Clean Harbors, Inc. (NYSE:CLH) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,831 shares of the business services provider’s stock, valued at approximately $5,945,000.

Several other institutional investors have also recently modified their holdings of CLH. Creative Planning lifted its stake in Clean Harbors by 21.2% during the 2nd quarter. Creative Planning now owns 2,839 shares of the business services provider’s stock valued at $642,000 after acquiring an additional 496 shares during the period. Sanctuary Advisors LLC purchased a new stake in Clean Harbors in the second quarter valued at $305,000. SG Americas Securities LLC raised its stake in shares of Clean Harbors by 108.1% during the 3rd quarter. SG Americas Securities LLC now owns 2,824 shares of the business services provider’s stock valued at $683,000 after buying an additional 37,817 shares during the last quarter. CWM LLC raised its stake in shares of Clean Harbors by 76.2% during the 3rd quarter. CWM LLC now owns 2,380 shares of the business services provider’s stock valued at $575,000 after buying an additional 1,029 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after buying an additional 83 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24. Following the completion of the transaction, the director now owns 12,842 shares of the company’s stock, valued at $3,207,674.76. This represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,836 shares of company stock valued at $1,966,314. 5.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on CLH shares. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, January 16th. Stifel Nicolaus lifted their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Oppenheimer raised their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research report on Monday, January 13th. Finally, 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 for the company. One equities 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, Clean Harbors has a consensus rating of “Buy” and a consensus price target of $269.44.

Clean Harbors Stock Performance

CLH opened at $235.73 on Tuesday. The company has a market cap of $12.71 billion, a price-to-earnings ratio of 30.69 and a beta of 1.24. The firm’s fifty day simple moving average is $237.17 and its two-hundred day simple moving average is $242.49. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 52-week low of $176.02 and a 52-week high of $267.11.

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.