Tectonic Advisors LLC Sells 12,557 Shares of Clean Harbors, Inc. (NYSE:CLH)

Tectonic Advisors LLC reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 25.2% during the third quarter, Holdings Channel reports. The firm owned 37,360 shares of the business services provider’s stock after selling 12,557 shares during the period. Tectonic Advisors LLC’s holdings in Clean Harbors were worth $9,030,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Clearbridge Investments LLC raised its position in Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after acquiring an additional 248,240 shares during the period. Lazard Freres Gestion S.A.S. bought a new stake in Clean Harbors in the second quarter worth about $42,968,000. DAVENPORT & Co LLC raised its position in Clean Harbors by 93.1% in the first quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock worth $53,124,000 after acquiring an additional 127,498 shares during the period. Marshall Wace LLP raised its position in Clean Harbors by 20.3% in the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after acquiring an additional 90,756 shares during the period. Finally, Spirepoint Private Client LLC bought a new stake in Clean Harbors in the first quarter worth about $16,594,000. 90.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Needham & Company LLC lifted their price objective on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Oppenheimer lifted their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a research note on Monday. The Goldman Sachs Group lifted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. Finally, Robert W. Baird lifted their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $250.89.

Insider Activity at Clean Harbors

In other news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lauren States sold 309 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,617 shares of company stock valued at $2,613,132. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $255.49 on Friday. The company has a 50 day moving average of $245.86 and a 200 day moving average of $227.35. The stock has a market cap of $13.78 billion, a P/E ratio of 36.97 and a beta of 1.20. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $261.81. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.21 by $0.25. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. Clean Harbors’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.13 earnings per share. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.

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.