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

Commonwealth Equity Services LLC decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 2.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,482 shares of the business services provider’s stock after selling 135 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Clean Harbors were worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in shares of Clean Harbors by 5.3% in the fourth quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after purchasing an additional 182,622 shares during the period. Janus Henderson Group PLC increased its stake in Clean Harbors by 5.2% during the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after acquiring an additional 78,848 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Clean Harbors by 1.2% in the 1st quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock worth $204,019,000 after purchasing an additional 12,411 shares during the period. Clearbridge Investments LLC lifted its stake in shares of Clean Harbors by 9.4% in the 1st quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock valued at $163,096,000 after purchasing an additional 69,578 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Clean Harbors during the 4th quarter worth about $87,074,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

Clean Harbors stock opened at $243.97 on Monday. Clean Harbors, Inc. has a 52 week low of $132.92 and a 52 week high of $247.24. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. The stock has a market cap of $13.17 billion, a P/E ratio of 35.31 and a beta of 1.20. The stock has a 50 day moving average of $234.37 and a 200-day moving average of $216.18.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.13 EPS. On average, analysts expect that Clean Harbors, Inc. will post 7.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. The Goldman Sachs Group raised their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Truist Financial lifted their target price on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Oppenheimer increased their price target on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Needham & Company LLC boosted their price objective on Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird increased their target price on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research note on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and an average price target of $242.40.

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.