MGB Wealth Management LLC Boosts Position in Clean Harbors, Inc. (NYSE:CLH)

MGB Wealth Management LLC raised its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 20.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,763 shares of the business services provider’s stock after buying an additional 798 shares during the period. MGB Wealth Management LLC’s holdings in Clean Harbors were worth $1,096,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares during the period. FMR LLC boosted its position in shares of Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after buying an additional 187,140 shares during the period. Janus Henderson Group PLC grew its stake in shares of Clean Harbors by 0.5% in the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock valued at $386,477,000 after buying an additional 7,948 shares in the last quarter. State Street Corp grew its stake in shares of Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after buying an additional 21,662 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Clean Harbors by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock valued at $204,955,000 after buying an additional 11,808 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of analyst reports. Needham & Company LLC restated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, January 16th. TD Cowen began 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 for the company. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird decreased their price objective 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, October 31st. Finally, Truist Financial lifted their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors currently has an average rating of “Buy” and a consensus price target of $269.44.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $231.52 on Thursday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a 1 year low of $176.02 and a 1 year high of $267.11. The firm’s 50-day simple moving average is $236.24 and its 200-day simple moving average is $242.48. The firm has a market cap of $12.48 billion, a PE ratio of 30.15 and a beta of 1.24.

Insider Activity

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $250.42, for a total value of $1,515,291.42. Following the sale, the chief executive officer now directly owns 55,657 shares of the company’s stock, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares in the company, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,836 shares of company stock worth $1,966,314. 5.90% of the stock is currently owned by 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.