Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by Allworth Financial LP

Allworth Financial LP increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 130.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 182 shares of the business services provider’s stock after buying an additional 103 shares during the period. Allworth Financial LP’s holdings in Clean Harbors were worth $44,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Prospera Private Wealth LLC purchased a new stake in shares of Clean Harbors in the 3rd quarter valued at approximately $56,000. UMB Bank n.a. raised its stake in Clean Harbors by 30.8% in the fourth 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 in the last quarter. TD Private Client Wealth LLC lifted its holdings in Clean Harbors by 42.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after buying an additional 87 shares during the last quarter. Spire Wealth Management raised its position in shares of Clean Harbors by 396.7% during the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after acquiring an additional 238 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Clean Harbors by 19.1% during the third quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock worth $86,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH stock opened at $214.19 on Wednesday. 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 capitalization of $11.54 billion, a PE ratio of 28.87 and a beta of 1.24. The stock’s 50-day moving average price is $231.95 and its 200 day moving average price is $241.92. Clean Harbors, Inc. has a 52-week low of $180.37 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data 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 net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm earned $1.82 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 924 shares of company stock valued at $219,570 in the last 90 days. 5.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on CLH shares. StockNews.com lowered shares of Clean Harbors from a “buy” rating to a “hold” rating in a research note on Tuesday. Truist Financial dropped their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Oppenheimer reduced their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets dropped their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $270.56.

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.