Envestnet Asset Management Inc. Sells 953 Shares of Clean Harbors, Inc. (NYSE:CLH)

Envestnet Asset Management Inc. decreased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,786 shares of the business services provider’s stock after selling 953 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Clean Harbors worth $13,952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider’s stock valued at $1,072,237,000 after buying an additional 11,814 shares in the last quarter. Wellington Management Group LLP lifted its stake in Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock valued at $930,707,000 after buying an additional 592,341 shares in the last quarter. Select Equity Group L.P. lifted its stake in Clean Harbors by 4.8% in the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider’s stock valued at $403,085,000 after buying an additional 80,436 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock valued at $381,602,000 after buying an additional 697,630 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Clean Harbors by 0.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider’s stock valued at $371,002,000 after buying an additional 13,167 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of research reports. Robert W. Baird lifted their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Truist Financial cut their price target on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Needham & Company LLC cut their price target on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. UBS Group cut their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Finally, Wall Street Zen raised shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $257.67.

Insider Buying and Selling at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 8,076 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the transaction, the chief executive officer directly owned 51,619 shares in the company, valued at approximately $11,626,147.37. The trade was a 13.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John R. Welch sold 1,250 shares of the business’s stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total transaction of $285,637.50. Following the transaction, the director owned 11,402 shares in the company, valued at approximately $2,605,471.02. The trade was a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,112 shares of company stock valued at $3,416,406 in the last 90 days. Company insiders own 5.60% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH stock opened at $227.72 on Friday. The company’s fifty day simple moving average is $228.78 and its 200-day simple moving average is $220.08. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The firm has a market cap of $12.20 billion, a PE ratio of 31.54 and a beta of 1.16. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.29 earnings per share. Equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.