Deroy & Devereaux Private Investment Counsel Inc. Takes $2.55 Million Position in Clean Harbors, Inc. $CLH

Deroy & Devereaux Private Investment Counsel Inc. purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 10,875 shares of the business services provider’s stock, valued at approximately $2,550,000.

Several other large investors have also modified their holdings of CLH. Integrated Wealth Concepts LLC raised its holdings in shares of Clean Harbors by 102.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Clean Harbors by 47.7% during the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 196 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Clean Harbors by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after purchasing an additional 5,884 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Clean Harbors by 65.1% during the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after purchasing an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its position in Clean Harbors by 1.4% during the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Weiss Ratings downgraded Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Barclays boosted their price objective on shares of Clean Harbors from $230.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Robert W. Baird boosted their price objective on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday. Oppenheimer boosted their price objective on shares of Clean Harbors from $283.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. Finally, Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $312.64.

Insider Buying and Selling at Clean Harbors

In other news, Director Marcy L. Reed sold 836 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $287.94, for a total value of $240,717.84. Following the sale, the director directly owned 5,081 shares of the company’s stock, valued at $1,463,023.14. This represents a 14.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sharon M. Gabriel sold 3,540 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $282.07, for a total transaction of $998,527.80. Following the completion of the sale, the executive vice president directly owned 23,193 shares in the company, valued at $6,542,049.51. This trade represents a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,597 shares of company stock worth $3,895,286 in the last three months. 5.60% of the stock is owned by company insiders.

Clean Harbors Trading Up 1.1%

Shares of Clean Harbors stock opened at $299.96 on Friday. The company has a current ratio of 2.33, a quick ratio of 2.00 and a debt-to-equity ratio of 1.01. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 41.20 and a beta of 0.94. The firm’s 50 day simple moving average is $287.78 and its two-hundred day simple moving average is $254.56.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.55 EPS. Clean Harbors’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current 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.