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

Traynor Capital Management Inc. lifted its position in Clean Harbors, Inc. (NYSE:CLH) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,450 shares of the business services provider’s stock after buying an additional 50 shares during the quarter. Traynor Capital Management Inc.’s holdings in Clean Harbors were worth $334,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 83 shares during the period. Prospera Private Wealth LLC acquired a new stake in Clean Harbors in the 3rd quarter valued at about $56,000. CENTRAL TRUST Co grew its holdings in Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the period. TD Private Client Wealth LLC increased its position in Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after buying an additional 87 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Clean Harbors by 19.1% in the third quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock valued at $86,000 after buying an additional 61 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $249.78, for a total transaction of $76,932.24. Following the sale, the director now owns 12,842 shares in the company, valued at approximately $3,207,674.76. This trade represents a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,446 shares of company stock worth $2,112,800 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Stock Down 0.7 %

NYSE CLH opened at $241.65 on Friday. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 31.46 and a beta of 1.24. Clean Harbors, Inc. has a 1-year low of $167.28 and a 1-year high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company has a 50 day moving average of $241.27 and a 200-day moving average of $241.58.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share 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 the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 earnings per share. On average, equities research analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Robert W. Baird decreased their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $269.44.

About Clean Harbors

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.