Clean Harbors, Inc. $CLH Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 10.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,605 shares of the business services provider’s stock after selling 7,130 shares during the period. Envestnet Asset Management Inc. owned 0.12% of Clean Harbors worth $14,770,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC boosted its position in shares of Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after buying an additional 1,109 shares during the period. Jones Financial Companies Lllp boosted its position in Clean Harbors by 47.7% during the 1st quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock worth $120,000 after acquiring an additional 196 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after purchasing an additional 5,884 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of Clean Harbors by 3.6% during the second quarter. Stephens Inc. AR now owns 3,547 shares of the business services provider’s stock valued at $820,000 after purchasing an additional 122 shares during the period. Finally, Ethic Inc. increased its holdings in shares of Clean Harbors by 17.5% during the second quarter. Ethic Inc. now owns 3,272 shares of the business services provider’s stock valued at $756,000 after purchasing an additional 487 shares during the period. Institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CLH shares. Zacks Research upgraded shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Oppenheimer increased their price objective on shares of Clean Harbors from $237.00 to $283.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. 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. CJS Securities raised Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Clean Harbors in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $262.17.

Clean Harbors Price Performance

CLH opened at $274.61 on Tuesday. The firm has a market capitalization of $14.67 billion, a P/E ratio of 38.09 and a beta of 0.96. The stock has a fifty day moving average of $252.41 and a 200-day moving average of $239.06. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $276.51.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the business’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the completion of the sale, the chief executive officer owned 50,454 shares of the company’s stock, valued at $12,154,368.60. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is currently owned by company insiders.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.