Clean Harbors, Inc. (NYSE:CLH) Position Decreased by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC cut its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 10,062 shares of the business services provider’s stock after selling 161 shares during the period. EverSource Wealth Advisors LLC’s holdings in Clean Harbors were worth $2,432,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CLH. Anthracite Investment Company Inc. bought a new position in shares of Clean Harbors in the third quarter valued at approximately $1,692,000. Segall Bryant & Hamill LLC raised its position in shares of Clean Harbors by 2.2% in the third quarter. Segall Bryant & Hamill LLC now owns 65,573 shares of the business services provider’s stock valued at $15,850,000 after purchasing an additional 1,390 shares during the period. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors in the third quarter valued at approximately $56,000. Fifth Third Wealth Advisors LLC increased its position in Clean Harbors by 7.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 1,801 shares of the business services provider’s stock worth $435,000 after acquiring an additional 122 shares during the period. Finally, Caprock Group LLC increased its position in Clean Harbors by 29.6% during the third quarter. Caprock Group LLC now owns 1,621 shares of the business services provider’s stock worth $392,000 after acquiring an additional 370 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Needham & Company LLC dropped their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Truist Financial boosted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Robert W. Baird lowered their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Finally, Oppenheimer boosted their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Clean Harbors has a consensus rating of “Buy” and an average price target of $254.33.

Clean Harbors Stock Up 0.3 %

Shares of NYSE CLH opened at $247.59 on Thursday. The firm’s 50-day simple moving average is $249.50 and its 200 day simple moving average is $234.56. The company has a market cap of $13.35 billion, a price-to-earnings ratio of 32.24 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, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11.

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

Insider Buying and Selling

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the transaction, the chief executive officer now owns 55,657 shares of the company’s stock, valued at $13,937,625.94. This represents a 9.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the sale, the director now directly owns 12,842 shares of the company’s stock, valued at approximately $3,207,674.76. The trade was a 2.34 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,586 shares of company stock valued at $4,351,841. 5.90% of the stock is owned by corporate insiders.

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.