Advisor Resource Council Has $855,000 Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Advisor Resource Council lessened its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 54.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,248 shares of the business services provider’s stock after selling 4,981 shares during the period. Advisor Resource Council’s holdings in Clean Harbors were worth $855,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of Clean Harbors in the first quarter valued at about $27,000. Contravisory Investment Management Inc. bought a new stake in Clean Harbors in the 4th quarter valued at about $25,000. GAMMA Investing LLC boosted its holdings in Clean Harbors by 47.9% in the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 56 shares during the period. National Bank of Canada FI acquired a new position in shares of Clean Harbors during the 4th quarter worth approximately $34,000. Finally, Blue Trust Inc. increased its holdings in shares of Clean Harbors by 52.4% during the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CLH. Robert W. Baird increased their price target on Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $235.00 price target on shares of Clean Harbors in a research note on Thursday, May 2nd. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. Raymond James boosted their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 2nd. Finally, Truist Financial upped their price target on shares of Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. One analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Clean Harbors currently has an average rating of “Buy” and a consensus price target of $216.40.

Clean Harbors Price Performance

Shares of NYSE CLH traded up $4.76 during mid-day trading on Thursday, hitting $224.31. 172,021 shares of the stock traded hands, compared to its average volume of 334,383. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $231.15. The firm has a 50 day simple moving average of $215.45 and a two-hundred day simple moving average of $194.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.07 and a quick ratio of 1.72. The company has a market cap of $12.10 billion, a PE ratio of 32.48 and a beta of 1.21.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the firm posted $1.36 earnings per share. The business’s revenue for the quarter was up 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.47 EPS for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In related news, CFO Eric J. Dugas sold 6,200 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $208.74, for a total value of $1,294,188.00. Following the sale, the chief financial officer now owns 21,482 shares of the company’s stock, valued at $4,484,152.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Clean Harbors news, Director Lauren States sold 1,148 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the completion of the transaction, the director now owns 13,767 shares in the company, valued at approximately $3,003,133.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the sale, the chief financial officer now owns 21,482 shares of the company’s stock, valued at $4,484,152.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,348 shares of company stock worth $12,320,113. 5.90% of the stock is currently owned by company insiders.

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.