Steward Partners Investment Advisory LLC Grows Stake in Clean Harbors, Inc. (NYSE:CLH)

Steward Partners Investment Advisory LLC increased its stake in Clean Harbors, Inc. (NYSE:CLH) by 39.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,846 shares of the business services provider’s stock after acquiring an additional 523 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Clean Harbors were worth $425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Janney Montgomery Scott LLC grew its position in Clean Harbors by 11.6% in the third quarter. Janney Montgomery Scott LLC now owns 7,003 shares of the business services provider’s stock worth $1,693,000 after acquiring an additional 728 shares in the last quarter. Sigma Planning Corp boosted its position in shares of Clean Harbors by 5.5% during the third quarter. Sigma Planning Corp now owns 4,456 shares of the business services provider’s stock valued at $1,077,000 after buying an additional 233 shares during the period. Crossmark Global Holdings Inc. boosted its position in shares of Clean Harbors by 25.6% during the third quarter. Crossmark Global Holdings Inc. now owns 4,208 shares of the business services provider’s stock valued at $1,017,000 after buying an additional 857 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Clean Harbors by 5.6% during the third quarter. Los Angeles Capital Management LLC now owns 2,465 shares of the business services provider’s stock valued at $596,000 after buying an additional 130 shares during the period. Finally, Entropy Technologies LP purchased a new position in shares of Clean Harbors during the third quarter valued at approximately $902,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Oppenheimer dropped their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. TD Cowen assumed coverage on Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. Robert W. Baird dropped their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets dropped their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, Truist Financial decreased their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $270.56.

Clean Harbors Stock Performance

Clean Harbors stock opened at $195.26 on Thursday. The company has a market capitalization of $10.52 billion, a PE ratio of 26.32 and a beta of 1.22. Clean Harbors, Inc. has a fifty-two week low of $186.29 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The company has a 50 day moving average price of $225.50 and a 200-day moving average price of $239.04.

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

Insider Buying and Selling

In other news, Director Lauren States sold 308 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48. Following the transaction, the director now directly owns 12,534 shares of the company’s stock, valued at approximately $3,071,582.04. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Eric J. Dugas purchased 1,050 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 3,649 shares of company stock valued at $738,519 over the last 90 days. Corporate insiders own 5.90% of the company’s stock.

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.