Dana Investment Advisors Inc. Lowers Stock Holdings in Clean Harbors, Inc. $CLH

Dana Investment Advisors Inc. lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 80.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,538 shares of the business services provider’s stock after selling 31,171 shares during the period. Dana Investment Advisors Inc.’s holdings in Clean Harbors were worth $1,750,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in Clean Harbors in the 3rd quarter worth approximately $30,000. Golden State Wealth Management LLC raised its stake in shares of Clean Harbors by 145.3% during the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock worth $43,000 after acquiring an additional 109 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $44,000. First Horizon Corp purchased a new stake in shares of Clean Harbors in the 3rd quarter valued at $44,000. Finally, SJS Investment Consulting Inc. grew its holdings in shares of Clean Harbors by 2,985.7% during the 3rd quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 209 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Price Performance

CLH opened at $286.09 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.33. The stock has a market capitalization of $15.14 billion, a PE ratio of 39.30 and a beta of 0.96. The stock’s 50 day moving average price is $258.07 and its 200-day moving average price is $241.08. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $288.81.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The business had revenue of $1.50 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted $1.55 earnings per share. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. TD Cowen reissued a “buy” rating on shares of Clean Harbors in a research note on Thursday, February 19th. Wells Fargo & Company increased their target price on Clean Harbors from $248.00 to $291.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. The Goldman Sachs Group raised their price target on Clean Harbors from $228.00 to $253.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Zacks Research raised Clean Harbors from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 13th. Finally, Oppenheimer increased their price objective on Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Clean Harbors presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.18.

Insider Activity at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas sold 2,788 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $281.31, for a total transaction of $784,292.28. Following the transaction, the chief financial officer owned 15,933 shares in the company, valued at approximately $4,482,112.23. This represents a 14.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sharon M. Gabriel sold 3,540 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $282.07, for a total value of $998,527.80. Following the completion of the transaction, the executive vice president directly owned 23,193 shares of the company’s stock, valued at $6,542,049.51. This represents a 13.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,679 shares of company stock worth $2,132,403 over the last ninety days. Corporate insiders own 5.60% of the company’s stock.

Clean Harbors Profile

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.