Traynor Capital Management Inc. Buys 50 Shares of Clean Harbors, Inc. (NYSE:CLH)

Traynor Capital Management Inc. grew its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 3.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,450 shares of the business services provider’s stock after acquiring an additional 50 shares during the period. Traynor Capital Management Inc.’s holdings in Clean Harbors were worth $334,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. SG Americas Securities LLC increased its holdings in Clean Harbors by 330.7% in the 4th quarter. SG Americas Securities LLC now owns 12,163 shares of the business services provider’s stock worth $2,799,000 after purchasing an additional 9,339 shares in the last quarter. XML Financial LLC increased its stake in shares of Clean Harbors by 20.3% in the fourth quarter. XML Financial LLC now owns 1,480 shares of the business services provider’s stock valued at $341,000 after buying an additional 250 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in Clean Harbors by 20.8% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 93,805 shares of the business services provider’s stock valued at $21,588,000 after buying an additional 16,170 shares during the last quarter. Perpetual Ltd boosted its position in Clean Harbors by 1.1% during the 4th quarter. Perpetual Ltd now owns 47,178 shares of the business services provider’s stock worth $10,858,000 after buying an additional 505 shares during the period. Finally, Reliant Investment Management LLC bought a new stake in Clean Harbors during the 4th quarter worth approximately $4,386,000. 90.43% of the stock is currently owned by institutional investors.

Insider Transactions at Clean Harbors

In related news, insider Robert Speights sold 610 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the sale, the director now directly owns 12,842 shares of the company’s stock, valued at $3,207,674.76. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,446 shares of company stock valued at $2,112,800 in the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CLH has been the topic of a number of recent research reports. Oppenheimer lifted their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a report on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a report on Thursday, January 16th. Robert W. Baird decreased their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. Finally, Truist Financial upped their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $269.44.

Clean Harbors Price Performance

Shares of CLH opened at $241.65 on Friday. The firm has a market cap of $13.02 billion, a PE ratio of 31.46 and a beta of 1.24. Clean Harbors, Inc. has a 52-week low of $167.28 and a 52-week high of $267.11. The business’s 50 day moving average price is $241.27 and its two-hundred day moving average price is $241.58. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 EPS. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Clean Harbors Company Profile

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.