LPL Financial LLC Purchases 4,483 Shares of Clean Harbors, Inc. (NYSE:CLH)

LPL Financial LLC raised its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,639 shares of the business services provider’s stock after buying an additional 4,483 shares during the period. LPL Financial LLC owned about 0.11% of Clean Harbors worth $13,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after acquiring an additional 159 shares during the last quarter. Allworth Financial LP raised its position in Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. lifted its holdings in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after buying an additional 205 shares in the last quarter. UMB Bank n.a. boosted its position in Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after buying an additional 66 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its stake in shares of Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after buying an additional 87 shares during the period. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CLH shares. Oppenheimer decreased their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. TD Cowen started coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. StockNews.com downgraded shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Tuesday. Truist Financial reduced their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, The Goldman Sachs Group dropped their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate 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 the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Price Performance

CLH opened at $205.85 on Thursday. The company has a fifty day simple moving average of $214.30 and a 200 day simple moving average of $234.56. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The stock has a market cap of $11.09 billion, a P/E ratio of 27.74 and a beta of 1.22. Clean Harbors, Inc. has a 12 month low of $186.54 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $1.82 earnings per share. Clean Harbors’s revenue was up 6.9% compared to the same quarter last year. On average, research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Clean Harbors 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.