LRI Investments LLC Sells 44 Shares of Clean Harbors, Inc. (NYSE:CLH)

LRI Investments LLC reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,315 shares of the business services provider’s stock after selling 44 shares during the quarter. LRI Investments LLC’s holdings in Clean Harbors were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CLH. Rise Advisors LLC purchased a new position in Clean Harbors during the 1st quarter valued at about $27,000. GAMMA Investing LLC raised its stake in Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after buying an additional 56 shares in the last quarter. National Bank of Canada FI bought a new position in Clean Harbors in the fourth quarter worth approximately $34,000. Creekmur Asset Management LLC purchased a new stake in Clean Harbors during the fourth quarter worth $50,000. Finally, Blue Trust Inc. boosted its position in Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock valued at $72,000 after acquiring an additional 173 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Up 0.4 %

NYSE:CLH opened at $244.91 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.72 and a debt-to-equity ratio of 1.14. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $247.24. The company has a market cap of $13.21 billion, a PE ratio of 35.44 and a beta of 1.21. The company’s 50 day moving average is $229.96 and its two-hundred day moving average is $209.88.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 earnings per share. Analysts anticipate that Clean Harbors, Inc. will post 7.56 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, insider Alan S. Mckim sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the transaction, the insider now directly owns 2,494,211 shares in the company, valued at $537,527,412.61. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CLH shares. Raymond James raised their price objective on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 2nd. Robert W. Baird raised their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Needham & Company LLC lifted their price objective on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 20th. Finally, Truist Financial lifted their price target on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors has an average rating of “Buy” and an average target price of $242.40.

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.