Smartleaf Asset Management LLC Decreases Holdings in Clean Harbors, Inc. (NYSE:CLH)

Smartleaf Asset Management LLC trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 11.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 476 shares of the business services provider’s stock after selling 60 shares during the period. Smartleaf Asset Management LLC’s holdings in Clean Harbors were worth $110,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in Clean Harbors by 130.4% during 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 during the period. Prospera Private Wealth LLC purchased a new stake in Clean Harbors during the 3rd quarter worth $56,000. UMB Bank n.a. lifted its holdings in 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 buying an additional 66 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in 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 buying an additional 87 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after buying an additional 238 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the transaction, the director now owns 12,534 shares in the company, valued at approximately $3,071,582.04. This represents a 2.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 924 shares of company stock worth $219,570. Insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $197.29 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a fifty-two week low of $184.51 and a fifty-two week high of $267.11. The firm has a 50-day simple moving average of $228.43 and a 200 day simple moving average of $240.43. The company has a market cap of $10.63 billion, a PE ratio of 26.59 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday. TD Cowen initiated coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. Robert W. Baird cut their price objective 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. Stifel Nicolaus cut their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Finally, Truist Financial cut their price objective 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. One research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $270.56.

Clean Harbors Company 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.