NewEdge Advisors LLC Grows Stake in Clean Harbors, Inc. (NYSE:CLH)

NewEdge Advisors LLC lifted its holdings in Clean Harbors, Inc. (NYSE:CLH) by 8.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,485 shares of the business services provider’s stock after purchasing an additional 861 shares during the quarter. NewEdge Advisors LLC’s holdings in Clean Harbors were worth $2,643,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ boosted its holdings in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after acquiring an additional 159 shares in the last quarter. Allworth Financial LP increased its stake in Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. increased its stake in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of Clean Harbors during the fourth quarter worth $56,000. Finally, UMB Bank n.a. grew its holdings in shares of Clean Harbors by 30.8% during 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 during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BMO Capital Markets lowered their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Stifel Nicolaus reduced their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Oppenheimer cut their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Robert W. Baird decreased their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors has a consensus rating of “Moderate Buy” and an average price target of $260.40.

Clean Harbors Trading Down 1.0 %

Shares of CLH stock opened at $204.95 on Tuesday. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a market cap of $11.11 billion, a price-to-earnings ratio of 27.62 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The stock has a 50 day simple moving average of $202.73 and a 200-day simple moving average of $229.67.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.82 earnings per share. On average, equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.