SG Americas Securities LLC Has $2.80 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

SG Americas Securities LLC increased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 330.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,163 shares of the business services provider’s stock after buying an additional 9,339 shares during the period. SG Americas Securities LLC’s holdings in Clean Harbors were worth $2,799,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its stake in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Clean Harbors during the third quarter worth approximately $56,000. CENTRAL TRUST Co raised its stake in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after buying an additional 160 shares during the period. TD Private Client Wealth LLC lifted its position in shares of Clean Harbors by 42.6% in the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after buying an additional 87 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Clean Harbors by 19.1% during the 3rd quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock worth $86,000 after acquiring an additional 61 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of Clean Harbors stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total value of $1,515,291.42. Following the transaction, the chief executive officer now owns 55,657 shares in the company, valued at $13,937,625.94. The trade was a 9.81 % decrease in their ownership of the stock. The transaction 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 dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,446 shares of company stock worth $2,112,800 over the last three months. Corporate insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

CLH has been the subject of several research reports. Stifel Nicolaus raised their price target on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird reduced their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Truist Financial increased their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reiterated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. Finally, TD Cowen started coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $269.44.

Clean Harbors Stock Performance

CLH opened at $239.42 on Friday. The firm has a market cap of $12.90 billion, a P/E ratio of 31.17 and a beta of 1.24. The business’s fifty day moving average is $241.11 and its 200-day moving average is $241.84. Clean Harbors, Inc. has a 52-week low of $167.28 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business earned $1.68 earnings per share. Clean Harbors’s quarterly revenue was up 12.0% compared to the same quarter last year. Sell-side analysts expect that Clean Harbors, Inc. will post 7.21 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.