Westfield Capital Management Co. LP Buys 2,012 Shares of Clean Harbors, Inc. $CLH

Westfield Capital Management Co. LP increased its stake in Clean Harbors, Inc. (NYSE:CLH) by 0.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 245,594 shares of the business services provider’s stock after purchasing an additional 2,012 shares during the period. Westfield Capital Management Co. LP owned approximately 0.46% of Clean Harbors worth $57,587,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Candriam S.C.A. grew its stake in Clean Harbors by 36.4% during the third quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock valued at $15,992,000 after acquiring an additional 18,367 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Clean Harbors by 7.8% during the third quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock valued at $51,059,000 after acquiring an additional 15,872 shares in the last quarter. SG Americas Securities LLC grew its stake in Clean Harbors by 57.4% during the fourth quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock valued at $14,683,000 after acquiring an additional 22,827 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in Clean Harbors by 86.0% during the third quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock valued at $14,654,000 after acquiring an additional 29,176 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Clean Harbors by 2.2% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock valued at $86,963,000 after acquiring an additional 8,145 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Eric W. Gerstenberg sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total value of $293,000.00. Following the completion of the sale, the chief executive officer owned 38,877 shares in the company, valued at approximately $11,390,961. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marcy L. Reed sold 836 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total transaction of $240,717.84. Following the completion of the sale, the director owned 5,081 shares of the company’s stock, valued at $1,463,023.14. This trade represents a 14.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,308 shares of company stock worth $2,133,467 over the last 90 days. Insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CLH. Raymond James Financial reaffirmed a “strong-buy” rating and set a $320.00 target price on shares of Clean Harbors in a research note on Monday, February 23rd. Robert W. Baird raised their target price on shares of Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. UBS Group raised their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. TD Cowen raised their target price on shares of Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Stifel Nicolaus assumed coverage on shares of Clean Harbors in a research note on Friday, May 29th. They set a “buy” rating and a $337.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Clean Harbors presently has an average rating of “Moderate Buy” and an average target price of $323.23.

Clean Harbors Stock Performance

Shares of NYSE:CLH opened at $283.25 on Friday. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The stock has a market capitalization of $14.97 billion, a P/E ratio of 38.38 and a beta of 0.87. The firm has a fifty day simple moving average of $295.05 and a two-hundred day simple moving average of $270.65. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the company posted $1.09 EPS. On average, analysts expect that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

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.