Clean Harbors, Inc. (NYSE:CLH) Holdings Trimmed by Farther Finance Advisors LLC

Farther Finance Advisors LLC cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,557 shares of the business services provider’s stock after selling 306 shares during the quarter. Farther Finance Advisors LLC’s holdings in Clean Harbors were worth $358,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CLH. EverSource Wealth Advisors LLC raised its holdings in shares of Clean Harbors by 0.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,134 shares of the business services provider’s stock worth $2,332,000 after purchasing an additional 72 shares in the last quarter. Prosperity Financial Group Inc. bought a new position in shares of Clean Harbors in the fourth quarter valued at $254,000. Daiwa Securities Group Inc. increased its holdings in shares of Clean Harbors by 62.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 33,130 shares of the business services provider’s stock valued at $7,625,000 after buying an additional 12,782 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Clean Harbors during the 4th quarter worth $417,000. Finally, Ashton Thomas Private Wealth LLC grew its holdings in shares of Clean Harbors by 8.4% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 14,624 shares of the business services provider’s stock worth $3,365,000 after acquiring an additional 1,131 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CLH shares. TD Cowen assumed coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 5th. Needham & Company LLC restated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. Stifel Nicolaus decreased their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, Oppenheimer cut their target price 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. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given 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 an average price target of $270.56.

Clean Harbors Trading Up 0.4 %

Clean Harbors stock opened at $193.71 on Tuesday. Clean Harbors, Inc. has a 12 month low of $186.54 and a 12 month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The stock has a market cap of $10.43 billion, a P/E ratio of 26.11 and a beta of 1.22. The company’s fifty day simple moving average is $223.19 and its 200-day simple moving average is $237.94.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.82 EPS. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric J. Dugas purchased 1,050 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by corporate insiders.

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.