NTV Asset Management LLC Acquires New Position in Clean Harbors, Inc. (NYSE:CLH)

NTV Asset Management LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,000 shares of the business services provider’s stock, valued at approximately $201,000.

Several other hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in Clean Harbors during the 4th quarter worth approximately $87,074,000. Wellington Management Group LLP boosted its holdings in shares of Clean Harbors by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after acquiring an additional 182,622 shares in the last quarter. DAVENPORT & Co LLC purchased a new stake in shares of Clean Harbors in the fourth quarter valued at about $23,999,000. Mountain Pacific Investment Advisers Inc. ID purchased a new stake in shares of Clean Harbors in the first quarter valued at about $14,161,000. Finally, Vontobel Holding Ltd. grew its position in Clean Harbors by 12.5% during the fourth quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider’s stock worth $106,803,000 after buying an additional 67,809 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Stifel Nicolaus restated a “buy” rating and set a $220.00 target price on shares of Clean Harbors in a research report on Monday, April 22nd. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 price target on shares of Clean Harbors in a report on Thursday, May 2nd. Raymond James upped their price target on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a report on Thursday, May 2nd. Finally, Truist Financial upped their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $218.40.

Clean Harbors Stock Up 0.3 %

NYSE CLH traded up $0.62 during trading hours on Friday, reaching $227.06. 295,309 shares of the company traded hands, compared to its average volume of 300,982. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $231.15. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $12.25 billion, a PE ratio of 32.86 and a beta of 1.21. The company has a 50 day moving average of $219.06 and a two-hundred day moving average of $196.54.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the firm posted $1.36 EPS. The firm’s revenue was up 5.3% compared to the same quarter last year. As a group, equities analysts expect that Clean Harbors, Inc. will post 7.47 earnings per share for the current year.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 1,148 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the transaction, the director now owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Clean Harbors news, Director Lauren States sold 1,148 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the transaction, the director now owns 13,767 shares of the company’s stock, valued at approximately $3,003,133.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Eric J. Dugas sold 6,200 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the transaction, the chief financial officer now directly owns 21,482 shares in the company, valued at approximately $4,484,152.68. The disclosure for this sale can be found here. Insiders have sold a total of 57,348 shares of company stock worth $12,320,113 in the last ninety days. 5.90% of the stock is owned by insiders.

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.