Commonwealth Equity Services LLC Grows Position in Clean Harbors, Inc. (NYSE:CLH)

Commonwealth Equity Services LLC grew its holdings in Clean Harbors, Inc. (NYSE:CLH) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in Clean Harbors in the 4th quarter valued at about $57,956,000. Wellington Management Group LLP increased its holdings in shares of Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after purchasing an additional 100,394 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Clean Harbors by 50.4% in the fourth quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock valued at $68,367,000 after purchasing an additional 99,591 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Clean Harbors during the fourth quarter worth approximately $16,525,000. Finally, Point72 Asset Management L.P. acquired a new position in Clean Harbors during the third quarter worth $17,258,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

NYSE CLH opened at $197.10 on Tuesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a market cap of $10.62 billion, a P/E ratio of 26.56 and a beta of 1.22. The stock has a 50-day moving average of $215.97 and a two-hundred day moving average of $235.07. Clean Harbors, Inc. has a 1-year low of $186.54 and a 1-year high of $267.11.

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on CLH shares. Robert W. Baird reduced their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. The Goldman Sachs Group cut their price target on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, March 19th. Truist Financial decreased their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, Oppenheimer cut their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $266.56.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now owns 12,226 shares in the company, valued at $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eric J. Dugas acquired 1,050 shares of the company’s stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 3,341 shares of company stock worth $663,041 over the last 90 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.