Advisors Asset Management Inc. Has $4.17 Million Position in Clean Harbors, Inc. $CLH

Advisors Asset Management Inc. lowered its position in Clean Harbors, Inc. (NYSE:CLH) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,042 shares of the business services provider’s stock after selling 984 shares during the quarter. Advisors Asset Management Inc.’s holdings in Clean Harbors were worth $4,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Allworth Financial LP raised its position in shares of Clean Harbors by 22.8% during the second quarter. Allworth Financial LP now owns 232 shares of the business services provider’s stock worth $54,000 after acquiring an additional 43 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Clean Harbors by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 15,726 shares of the business services provider’s stock valued at $3,636,000 after purchasing an additional 48 shares in the last quarter. MAI Capital Management raised its stake in Clean Harbors by 6.1% during the 2nd quarter. MAI Capital Management now owns 839 shares of the business services provider’s stock worth $194,000 after buying an additional 48 shares during the period. Atticus Wealth Management LLC raised its position in shares of Clean Harbors by 13.9% during the second quarter. Atticus Wealth Management LLC now owns 532 shares of the business services provider’s stock worth $123,000 after purchasing an additional 65 shares during the period. Finally, ProShare Advisors LLC raised its holdings in Clean Harbors by 3.5% during the second quarter. ProShare Advisors LLC now owns 2,233 shares of the business services provider’s stock worth $516,000 after buying an additional 75 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CLH. Barclays dropped their target price on Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Clean Harbors in a research note on Tuesday. Wells Fargo & Company started coverage on shares of Clean Harbors in a research note on Thursday, November 13th. They issued an “equal weight” rating and a $220.00 target price for the company. The Goldman Sachs Group initiated coverage on Clean Harbors in a research note on Monday. They set a “neutral” rating and a $228.00 price objective on the stock. Finally, BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the stock an “outperform” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $255.25.

Clean Harbors Stock Performance

Clean Harbors stock opened at $227.38 on Friday. The company has a market capitalization of $12.15 billion, a PE ratio of 31.54 and a beta of 1.16. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $263.43. The firm has a fifty day simple moving average of $224.88 and a two-hundred day simple moving average of $230.63. The company has a quick ratio of 2.07, a current ratio of 2.44 and a debt-to-equity ratio of 1.00.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.37 by ($0.16). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.58 billion. Clean Harbors had a return on equity of 14.61% and a net margin of 6.51%.Clean Harbors’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.12 earnings per share. Research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current 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.