Westfield Capital Management Co. LP Buys 51,323 Shares of Clean Harbors, Inc. $CLH

Westfield Capital Management Co. LP boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 26.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,582 shares of the business services provider’s stock after purchasing an additional 51,323 shares during the quarter. Westfield Capital Management Co. LP owned about 0.46% of Clean Harbors worth $56,565,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in shares of Clean Harbors during the 3rd quarter worth $30,000. Golden State Wealth Management LLC boosted its holdings in Clean Harbors by 145.3% during the second 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. Bayforest Capital Ltd bought a new position in shares of Clean Harbors in the third quarter worth about $44,000. First Horizon Corp bought a new position in shares of Clean Harbors in the third quarter worth about $44,000. Finally, SJS Investment Consulting Inc. lifted its position 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 worth $50,000 after purchasing an additional 209 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of Clean Harbors stock opened at $292.13 on Friday. The firm has a market cap of $15.46 billion, a P/E ratio of 40.13 and a beta of 0.96. The firm’s 50-day simple moving average is $259.13 and its 200-day simple moving average is $241.43. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $293.11. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping 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 firm had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the company earned $1.55 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CLH. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a report on Monday, December 29th. Raymond James Financial reissued a “strong-buy” rating and issued a $320.00 price target on shares of Clean Harbors in a report on Monday. Oppenheimer upped their price objective on shares of Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, February 19th. Needham & Company LLC lifted their target price on Clean Harbors from $290.00 to $308.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, TD Cowen restated a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $292.18.

Insider Buying and Selling

In related news, CEO Eric W. Gerstenberg sold 601 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the sale, the chief executive officer owned 50,454 shares of the company’s stock, valued at $12,154,368.60. The trade was a 1.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric J. Dugas sold 2,788 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $281.31, for a total value of $784,292.28. Following the transaction, the chief financial officer owned 15,933 shares of the company’s stock, valued at $4,482,112.23. This represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,679 shares of company stock worth $2,132,403 over the last 90 days. Corporate insiders own 5.60% of the company’s stock.

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.