Aptus Capital Advisors LLC Trims Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Aptus Capital Advisors LLC lessened its holdings in Clean Harbors, Inc. (NYSE:CLH) by 9.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,842 shares of the business services provider’s stock after selling 192 shares during the period. Aptus Capital Advisors LLC’s holdings in Clean Harbors were worth $445,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB lifted its holdings in shares of Clean Harbors by 83.3% in the second quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock valued at $24,876,000 after purchasing an additional 50,000 shares in the last quarter. Driehaus Capital Management LLC raised its position in shares of Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider’s stock valued at $28,000,000 after buying an additional 18,058 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of Clean Harbors by 25.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider’s stock valued at $4,491,000 after buying an additional 4,554 shares during the last quarter. Bridges Investment Management Inc. acquired a new position in shares of Clean Harbors in the second quarter valued at approximately $729,000. Finally, Advisor Resource Council acquired a new position in shares of Clean Harbors in the third quarter valued at approximately $926,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Truist Financial boosted their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. StockNews.com lowered shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC dropped their price target on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group upped their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $254.33.

Clean Harbors Price Performance

Clean Harbors stock opened at $247.27 on Friday. Clean Harbors, Inc. has a 52-week low of $158.42 and a 52-week high of $267.11. The firm has a fifty day moving average of $249.02 and a 200-day moving average of $233.39. The firm has a market capitalization of $13.33 billion, a P/E ratio of 32.20 and a beta of 1.20. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the company earned $1.68 EPS. Clean Harbors’s revenue was up 12.0% on a year-over-year basis. As a group, analysts predict that Clean Harbors, Inc. will post 7.29 EPS for the current year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the transaction, the director now directly owns 13,150 shares in the company, valued at approximately $3,428,731. This represents a 2.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at $18,955,400.64. This trade represents a 11.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,227 shares of company stock valued at $2,759,617 over the last 90 days. Corporate insiders own 5.90% of the company’s stock.

About Clean Harbors

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.