Stephens Inc. AR Trims Position in Clean Harbors, Inc. (NYSE:CLH)

Stephens Inc. AR lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 10.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,176 shares of the business services provider’s stock after selling 376 shares during the quarter. Stephens Inc. AR’s holdings in Clean Harbors were worth $768,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLH. Central Pacific Bank Trust Division purchased a new stake in shares of Clean Harbors in the 1st quarter valued at approximately $195,000. Csenge Advisory Group purchased a new position in Clean Harbors in the first quarter worth approximately $209,000. Texas Permanent School Fund Corp increased its stake in Clean Harbors by 1.2% during the first quarter. Texas Permanent School Fund Corp now owns 44,022 shares of the business services provider’s stock worth $8,862,000 after acquiring an additional 517 shares during the last quarter. MGB Wealth Management LLC raised its position in Clean Harbors by 22.5% in the first quarter. MGB Wealth Management LLC now owns 4,090 shares of the business services provider’s stock valued at $823,000 after purchasing an additional 750 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Clean Harbors by 6.1% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,599 shares of the business services provider’s stock valued at $523,000 after purchasing an additional 149 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CLH shares. Needham & Company LLC cut their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Robert W. Baird cut their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus restated a “buy” rating and set a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Truist Financial boosted their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and a consensus price target of $254.33.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $241.41 on Wednesday. The business has a 50-day simple moving average of $246.22 and a 200-day simple moving average of $230.10. 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, Inc. has a one year low of $152.57 and a one year high of $267.11. The company has a market cap of $13.01 billion, a PE ratio of 31.43 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 EPS. On average, equities research analysts forecast that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now directly owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the sale, the director now owns 13,150 shares in the company, valued at $3,428,731. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock worth $2,613,132 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

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.