Clean Harbors, Inc. (NYSE:CLH) Shares Bought by WealthBridge Capital Management LLC

WealthBridge Capital Management LLC boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,605 shares of the business services provider’s stock after buying an additional 297 shares during the period. WealthBridge Capital Management LLC’s holdings in Clean Harbors were worth $369,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP increased its holdings in shares of Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after purchasing an additional 100,394 shares during the period. FMR LLC increased its holdings in shares of Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after purchasing an additional 187,140 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Clean Harbors by 0.5% in the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock valued at $386,477,000 after purchasing an additional 7,948 shares during the period. State Street Corp increased its holdings in shares of Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after purchasing an additional 21,662 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Clean Harbors by 1.4% in the third quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock valued at $204,955,000 after purchasing an additional 11,808 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Down 2.4 %

CLH opened at $221.21 on Thursday. The business’s fifty day moving average is $234.40 and its two-hundred day moving average is $242.30. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 28.80 and a beta of 1.24. Clean Harbors, Inc. has a one year low of $176.02 and a one year high of $267.11.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the business earned $1.82 earnings per share. Clean Harbors’s quarterly revenue was up 6.9% compared to the same quarter last year. Analysts anticipate that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Insider Activity

In other news, EVP Brian P. Weber sold 861 shares of the company’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 sale, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the sale, the director now owns 12,534 shares in the company, valued at $3,071,582.04. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock worth $444,558 over the last three months. 5.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CLH has been the topic of a number of analyst reports. 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, January 16th. Robert W. Baird decreased their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Stifel Nicolaus lifted their price target on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Oppenheimer lifted their price target on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. 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. Based on data from MarketBeat, Clean Harbors has a consensus rating of “Buy” and an average price target of $269.44.

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.