Tectonic Advisors LLC Boosts Stake in Clean Harbors, Inc. $CLH

Tectonic Advisors LLC lifted its position in Clean Harbors, Inc. (NYSE:CLH) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,991 shares of the business services provider’s stock after purchasing an additional 3,070 shares during the quarter. Tectonic Advisors LLC owned approximately 0.08% of Clean Harbors worth $10,448,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Clean Harbors by 127.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 899,566 shares of the business services provider’s stock valued at $177,304,000 after acquiring an additional 504,290 shares during the period. Norges Bank acquired a new position in shares of Clean Harbors in the 2nd quarter valued at $147,632,000. First Trust Advisors LP raised its position in Clean Harbors by 2.8% in the 2nd quarter. First Trust Advisors LP now owns 550,176 shares of the business services provider’s stock valued at $127,190,000 after purchasing an additional 14,865 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Clean Harbors by 14.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 423,025 shares of the business services provider’s stock worth $97,795,000 after purchasing an additional 53,828 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in Clean Harbors during the 2nd quarter worth $95,115,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 601 shares of the stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total value of $144,780.90. Following the completion of the transaction, the chief executive officer owned 50,454 shares in the company, valued at $12,154,368.60. This trade represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Clean Harbors Stock Performance

Shares of CLH stock opened at $234.66 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.09 and a debt-to-equity ratio of 1.00. The stock has a 50 day simple moving average of $226.81 and a 200-day simple moving average of $232.44. The company has a market cap of $12.54 billion, a price-to-earnings ratio of 32.55 and a beta of 0.95. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $251.43.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.37 by ($0.16). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.12 EPS. On average, equities analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CLH. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a report on Monday. Barclays reduced their price objective on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. CJS Securities raised Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. UBS Group dropped their target price on Clean Harbors from $245.00 to $240.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Finally, Wells Fargo & Company initiated coverage on Clean Harbors in a research note on Thursday, November 13th. They set an “equal weight” rating and a $220.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $250.08.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.