Clean Harbors, Inc. (NYSE:CLH) Shares Sold by SFE Investment Counsel

SFE Investment Counsel trimmed its position in Clean Harbors, Inc. (NYSE:CLH) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,822 shares of the business services provider’s stock after selling 200 shares during the period. SFE Investment Counsel’s holdings in Clean Harbors were worth $1,191,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Millburn Ridgefield Corp acquired a new stake in shares of Clean Harbors during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of Clean Harbors during the third quarter worth $25,000. Contravisory Investment Management Inc. acquired a new stake in shares of Clean Harbors during the fourth quarter worth $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Clean Harbors by 76.0% during the fourth quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 264 shares of the business services provider’s stock worth $30,000 after buying an additional 114 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in shares of Clean Harbors during the third quarter worth $33,000. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CLH shares. Needham & Company LLC lifted their price objective on shares of Clean Harbors from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. Stifel Nicolaus raised their target price on shares of Clean Harbors from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Monday. Truist Financial raised their target price on shares of Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. BMO Capital Markets raised their target price on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday, March 28th. Finally, Robert W. Baird raised their target price on shares of Clean Harbors from $192.00 to $235.00 and gave the stock an “outperform” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $207.90.

Insider Activity

In other news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the sale, the director now owns 4,767 shares in the company, valued at $897,912.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Brian P. Weber sold 7,996 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the transaction, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the transaction, the director now owns 4,767 shares in the company, valued at $897,912.12. The disclosure for this sale can be found here. Insiders have sold a total of 25,185 shares of company stock worth $4,819,554 over the last 90 days. 6.70% of the stock is currently owned by company insiders.

Clean Harbors Price Performance

Shares of NYSE CLH traded down $1.02 during trading on Thursday, hitting $190.76. The company had a trading volume of 76,615 shares, compared to its average volume of 319,242. The stock has a fifty day simple moving average of $190.49 and a two-hundred day simple moving average of $174.42. Clean Harbors, Inc. has a fifty-two week low of $129.70 and a fifty-two week high of $204.06. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 27.84 and a beta of 1.24. The company has a quick ratio of 1.66, a current ratio of 1.98 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter last year, the business earned $1.44 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts expect that Clean Harbors, Inc. will post 7.38 earnings per share for the current year.

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.