Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. boosted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,230 shares of the business services provider’s stock after purchasing an additional 765 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Clean Harbors were worth $2,815,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assenagon Asset Management S.A. bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $8,100,000. Fiduciary Alliance LLC bought a new stake in Clean Harbors in the fourth quarter valued at $846,000. Fulton Bank N.A. boosted its holdings in shares of Clean Harbors by 11.4% during 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 period. Northcape Capital Pty Ltd grew its position in shares of Clean Harbors by 8.0% during the fourth quarter. Northcape Capital Pty Ltd now owns 10,381 shares of the business services provider’s stock worth $2,389,000 after acquiring an additional 768 shares during the last quarter. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Clean Harbors by 35.3% in the 4th quarter. Central Pacific Bank Trust Division now owns 947 shares of the business services provider’s stock worth $218,000 after acquiring an additional 247 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the sale, the director now owns 12,842 shares in the company, valued at $3,207,674.76. This represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction 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 transaction, the executive vice president now owns 59,346 shares in the company, valued at $15,507,703.26. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,138 shares of company stock valued at $2,039,175 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CLH. Needham & Company LLC reissued a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday. TD Cowen began coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. Stifel Nicolaus lifted their target price on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird decreased their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $269.44.

Clean Harbors Stock Performance

CLH opened at $236.91 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a market cap of $12.77 billion, a PE ratio of 30.85 and a beta of 1.24. The business has a fifty day simple moving average of $243.69 and a 200-day simple moving average of $240.90. Clean Harbors, Inc. has a fifty-two week low of $162.36 and a fifty-two week high of $267.11.

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

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.