Creative Planning Increases Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Creative Planning raised its holdings in Clean Harbors, Inc. (NYSE:CLH) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,147 shares of the business services provider’s stock after purchasing an additional 308 shares during the quarter. Creative Planning’s holdings in Clean Harbors were worth $761,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Moody National Bank Trust Division lifted its position in shares of Clean Harbors by 1.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock valued at $1,095,000 after acquiring an additional 47 shares during the period. Quent Capital LLC lifted its position in shares of Clean Harbors by 6.9% during the 2nd quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 47 shares during the period. Fifth Third Bancorp lifted its position in shares of Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 50 shares during the period. MJP Associates Inc. ADV lifted its position in shares of Clean Harbors by 1.1% during the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock valued at $1,071,000 after acquiring an additional 51 shares during the period. Finally, Benjamin Edwards Inc. lifted its position in shares of Clean Harbors by 1.1% during the 2nd quarter. Benjamin Edwards Inc. now owns 6,864 shares of the business services provider’s stock valued at $1,552,000 after acquiring an additional 77 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday. Truist Financial lifted their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $254.33.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 309 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the sale, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren States sold 309 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the sale, the director now owns 13,458 shares in the company, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,617 shares of company stock valued at $2,613,132 in the last ninety days. Insiders own 5.90% of the company’s stock.

Clean Harbors Stock Up 0.8 %

Shares of Clean Harbors stock opened at $233.00 on Monday. The company has a fifty day moving average price of $246.34 and a 200 day moving average price of $229.51. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a twelve month low of $146.66 and a twelve month high of $267.11. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 30.34 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the company posted $1.68 earnings per share. Equities research analysts forecast that Clean Harbors, Inc. will post 7.39 earnings per share for the current fiscal year.

About Clean Harbors

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.