Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,738 shares of the business services provider’s stock after buying an additional 126 shares during the period. Commonwealth Equity Services LLC’s holdings in Clean Harbors were worth $1,090,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CLH. Reliant Investment Management LLC acquired a new stake in Clean Harbors during the fourth quarter worth approximately $4,386,000. Fiduciary Alliance LLC purchased a new position in shares of Clean Harbors in the 4th quarter valued at $846,000. Mountain Pacific Investment Advisers LLC raised its stake in Clean Harbors by 4.5% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after acquiring an additional 4,240 shares in the last quarter. Barclays PLC lifted its position in Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after acquiring an additional 8,639 shares during the last quarter. Finally, State Street Corp boosted its stake in Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after acquiring an additional 21,662 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of several research analyst reports. StockNews.com raised Clean Harbors from a “hold” rating to a “buy” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group cut their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Stifel Nicolaus decreased their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Robert W. Baird dropped their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Truist Financial decreased their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $266.56.

Insider Buying and Selling at Clean Harbors

In other news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Eric J. Dugas acquired 1,050 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is owned by insiders.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $197.10 on Tuesday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a 1 year low of $186.54 and a 1 year high of $267.11. The firm’s 50-day simple moving average is $215.97 and its 200-day simple moving average is $235.07. The firm has a market cap of $10.62 billion, a PE ratio of 26.56 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $1.82 EPS. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Equities analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal 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.