Inscription Capital LLC Acquires Shares of 3,345 Clean Harbors, Inc. $CLH

Inscription Capital LLC bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,345 shares of the business services provider’s stock, valued at approximately $777,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in Clean Harbors during the third quarter worth about $30,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Clean Harbors by 26.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 4,383 shares of the business services provider’s stock worth $1,017,000 after purchasing an additional 911 shares during the period. Quantum Portfolio Management LLC raised its holdings in shares of Clean Harbors by 53.9% in the 3rd quarter. Quantum Portfolio Management LLC now owns 4,727 shares of the business services provider’s stock worth $1,098,000 after purchasing an additional 1,655 shares during the period. Evergreen Capital Management LLC purchased a new position in Clean Harbors in the third quarter valued at approximately $307,000. Finally, Versant Capital Management Inc grew its holdings in Clean Harbors by 49.4% during the third quarter. Versant Capital Management Inc now owns 236 shares of the business services provider’s stock valued at $55,000 after purchasing an additional 78 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 601 shares of Clean Harbors stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the sale, the chief executive officer owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This trade represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Clean Harbors Trading Up 2.1%

Shares of Clean Harbors stock opened at $261.82 on Thursday. The company’s 50-day moving average price is $237.25 and its 200-day moving average price is $234.88. The company has a market cap of $13.99 billion, a price-to-earnings ratio of 36.31 and a beta of 0.95. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $268.22. The company has a current ratio of 2.44, a quick ratio of 2.09 and a debt-to-equity ratio of 1.00.

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

Analyst Ratings Changes

A number of analysts have issued reports on the company. Raymond James Financial decreased their target price on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 30th. Citigroup increased their price target on Clean Harbors from $263.00 to $274.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. The Goldman Sachs Group boosted their price objective on Clean Harbors from $228.00 to $253.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays dropped their price objective on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Finally, Needham & Company LLC lifted their target price on shares of Clean Harbors from $255.00 to $290.00 and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $256.00.

About Clean Harbors

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.