Clean Harbors, Inc. (NYSE:CLH) Stock Position Lessened by Spire Wealth Management

Spire Wealth Management reduced its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 50.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175 shares of the business services provider’s stock after selling 179 shares during the quarter. Spire Wealth Management’s holdings in Clean Harbors were worth $30,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Millburn Ridgefield Corp acquired a new position in Clean Harbors during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new stake in Clean Harbors in the third quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Clean Harbors during the 4th quarter valued at $25,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Clean Harbors in the 3rd quarter worth $33,000. Finally, National Bank of Canada FI acquired a new stake in shares of Clean Harbors in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CLH shares. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Oppenheimer increased their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Robert W. Baird lifted their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, May 2nd. Truist Financial increased their price objective on Clean Harbors from $210.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, BMO Capital Markets lifted their target price on Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. One research analyst has rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Clean Harbors currently has an average rating of “Buy” and an average price target of $216.40.

Insider Buying and Selling

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,385 shares of company stock worth $6,113,742. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Stock Up 0.9 %

Shares of Clean Harbors stock opened at $213.96 on Wednesday. Clean Harbors, Inc. has a 1 year low of $132.92 and a 1 year high of $215.70. The company has a market cap of $11.54 billion, a P/E ratio of 30.96 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average price of $197.81 and a 200 day moving average price of $180.23.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period last year, the company posted $1.36 earnings per share. As a group, analysts expect that Clean Harbors, Inc. will post 7.46 EPS for the current fiscal year.

Clean Harbors 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.