Bison Wealth LLC Sells 1,839 Shares of Clean Harbors, Inc. (NYSE:CLH)

Bison Wealth LLC cut its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 28.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,658 shares of the business services provider’s stock after selling 1,839 shares during the quarter. Bison Wealth LLC’s holdings in Clean Harbors were worth $813,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in CLH. Raymond James & Associates boosted its holdings in Clean Harbors by 146.7% in the first quarter. Raymond James & Associates now owns 37,019 shares of the business services provider’s stock worth $4,133,000 after acquiring an additional 22,012 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Clean Harbors in the first quarter worth approximately $1,672,000. HighTower Advisors LLC grew its stake in shares of Clean Harbors by 68.7% in the first quarter. HighTower Advisors LLC now owns 7,080 shares of the business services provider’s stock worth $793,000 after acquiring an additional 2,883 shares during the period. Acadian Asset Management LLC grew its stake in shares of Clean Harbors by 122.5% in the first quarter. Acadian Asset Management LLC now owns 4,423 shares of the business services provider’s stock worth $492,000 after acquiring an additional 2,435 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of Clean Harbors by 33.5% in the first quarter. MetLife Investment Management LLC now owns 32,386 shares of the business services provider’s stock worth $3,616,000 after acquiring an additional 8,127 shares during the period. 90.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the transaction, the director now owns 4,767 shares of the company’s stock, valued at $897,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Eric W. Gerstenberg sold 15,276 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the transaction, the chief executive officer now owns 67,374 shares of the company’s stock, valued at $12,646,773.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the transaction, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The disclosure for this sale can be found here. Insiders have sold 25,185 shares of company stock valued at $4,819,554 over the last 90 days. 6.60% of the stock is currently owned by corporate insiders.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $194.55 on Tuesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. Clean Harbors, Inc. has a 1-year low of $129.70 and a 1-year high of $204.06. The company has a market capitalization of $10.63 billion, a P/E ratio of 27.99 and a beta of 1.24. The firm’s 50 day simple moving average is $189.84 and its two-hundred day simple moving average is $174.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Research analysts expect that Clean Harbors, Inc. will post 7.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CLH has been the subject of a number of research analyst reports. Robert W. Baird lifted their price target on shares of Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a research note on Tuesday. BMO Capital Markets raised their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Stifel Nicolaus raised their price objective on shares of Clean Harbors from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Monday. Needham & Company LLC raised their price objective on shares of Clean Harbors from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday, March 29th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $207.90.

About Clean Harbors

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.