Clean Harbors, Inc. (NYSE:CLH) Holdings Lowered by Coyle Financial Counsel LLC

Coyle Financial Counsel LLC trimmed its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 47.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 9,723 shares of the business services provider’s stock after selling 8,664 shares during the period. Clean Harbors makes up about 0.7% of Coyle Financial Counsel LLC’s holdings, making the stock its 22nd largest position. Coyle Financial Counsel LLC’s holdings in Clean Harbors were worth $2,238,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $56,000. CENTRAL TRUST Co raised its holdings in shares of Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after purchasing an additional 66 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after purchasing an additional 87 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Performance

Shares of CLH opened at $211.99 on Tuesday. The company’s 50 day moving average price is $232.45 and its 200 day moving average price is $242.05. Clean Harbors, Inc. has a 52 week low of $180.37 and a 52 week high of $267.11. The company has a market capitalization of $11.42 billion, a PE ratio of 28.57 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating 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 period in the previous year, the firm posted $1.82 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. Research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CLH shares. 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 report on Thursday, February 20th. TD Cowen initiated coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price target on the stock. Robert W. Baird cut their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Oppenheimer cut their price target on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Needham & Company LLC restated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $270.56.

Insider Activity at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48. Following the completion of the sale, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,785 shares of company stock valued at $444,558. Corporate insiders own 5.90% of the company’s stock.

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.