Tectonic Advisors LLC Has $8.91 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

Tectonic Advisors LLC raised its stake in Clean Harbors, Inc. (NYSE:CLH) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,719 shares of the business services provider’s stock after acquiring an additional 1,359 shares during the period. Tectonic Advisors LLC owned about 0.07% of Clean Harbors worth $8,911,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CLH. UMB Bank n.a. grew its stake in Clean Harbors by 63.4% during the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after buying an additional 83 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Clean Harbors in the 3rd quarter valued at $56,000. CENTRAL TRUST Co grew its holdings in shares of Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the last quarter. Spire Wealth Management raised its holdings in shares of Clean Harbors by 396.7% in the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock valued at $69,000 after buying an additional 238 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CLH shares. Robert W. Baird lowered their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus lifted their price objective on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a report on Thursday, January 16th. Finally, Truist Financial raised their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $269.44.

Insiders Place Their Bets

In other news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,836 shares of company stock valued at $1,966,314 in the last quarter. 5.90% of the stock is currently owned by insiders.

Clean Harbors Stock Performance

CLH opened at $235.74 on Wednesday. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 30.70 and a beta of 1.24. The business’s 50-day moving average price is $238.93 and its two-hundred day moving average price is $242.31. Clean Harbors, Inc. has a 1 year low of $169.62 and a 1 year 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.