Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 4.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,709 shares of the business services provider’s stock after selling 185 shares during the quarter. Simplicity Solutions LLC’s holdings in Clean Harbors were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Steph & Co. lifted its holdings in Clean Harbors by 4.7% in the 3rd quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock worth $245,000 after buying an additional 66 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of Clean Harbors by 0.7% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 10,764 shares of the business services provider’s stock valued at $1,801,000 after purchasing an additional 70 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Clean Harbors by 2.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock valued at $503,000 after purchasing an additional 71 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 75 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Clean Harbors by 34.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 304 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 78 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Down 1.2 %

Shares of NYSE:CLH opened at $191.78 on Thursday. The company has a 50 day moving average of $190.49 and a 200-day moving average of $174.42. The firm has a market cap of $10.48 billion, a P/E ratio of 27.59 and a beta of 1.24. Clean Harbors, Inc. has a twelve month low of $129.70 and a twelve month high of $204.06. The company has a current ratio of 1.98, a quick ratio of 1.66 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 EPS. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CLH. BMO Capital Markets upped their target price on shares of Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Stifel Nicolaus boosted their price objective on shares of Clean Harbors from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer boosted their price objective on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Truist Financial boosted their price objective on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $207.90.

Insider Transactions at Clean Harbors

In related news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the completion of the sale, the chief executive officer now owns 67,374 shares in the company, valued at approximately $12,646,773.54. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. In the last three months, insiders sold 25,185 shares of company stock valued at $4,819,554. Company insiders own 6.60% 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.