Spirepoint Private Client LLC Has $24.25 Million Holdings in Clean Harbors, Inc. $CLH

Spirepoint Private Client LLC reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 4.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 104,421 shares of the business services provider’s stock after selling 4,699 shares during the period. Clean Harbors makes up approximately 2.5% of Spirepoint Private Client LLC’s holdings, making the stock its 7th largest holding. Spirepoint Private Client LLC’s holdings in Clean Harbors were worth $24,249,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC raised its stake in Clean Harbors by 145.3% in the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 109 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Clean Harbors in the second quarter valued at approximately $48,000. SJS Investment Consulting Inc. lifted its stake in shares of Clean Harbors by 2,985.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock valued at $50,000 after buying an additional 209 shares in the last quarter. Allworth Financial LP grew its stake in Clean Harbors by 22.8% in the 2nd quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock valued at $54,000 after buying an additional 43 shares in the last quarter. Finally, Assetmark Inc. raised its holdings in Clean Harbors by 41.1% during the 2nd quarter. Assetmark Inc. now owns 292 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 85 shares during the period. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

CLH opened at $244.15 on Tuesday. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. The company’s 50-day moving average price is $226.81 and its 200 day moving average price is $232.78. The firm has a market cap of $13.05 billion, a price-to-earnings ratio of 33.86 and a beta of 0.95. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $251.43.

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

Analyst Upgrades and Downgrades

CLH has been the subject of several recent research reports. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Wells Fargo & Company started coverage on Clean Harbors in a research report on Thursday, November 13th. They set an “equal weight” rating and a $220.00 price target on the stock. Zacks Research lowered shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a research report on Friday, October 31st. Barclays lowered their target price on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Finally, UBS Group reduced their price target on shares of Clean Harbors from $245.00 to $240.00 and set a “neutral” rating for the company in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $250.08.

Insiders Place Their Bets

In other news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total transaction of $144,780.90. Following the completion of the transaction, the chief executive officer owned 50,454 shares in the company, valued at approximately $12,154,368.60. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 5.60% of the stock is owned by corporate insiders.

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.