Advisor Resource Council Purchases 6,907 Shares of Clean Harbors, Inc. (NYSE:CLH)

Advisor Resource Council lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 297.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,229 shares of the business services provider’s stock after acquiring an additional 6,907 shares during the period. Advisor Resource Council’s holdings in Clean Harbors were worth $1,610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Clean Harbors by 0.3% during the third quarter. Vanguard Group Inc. now owns 4,974,889 shares of the business services provider’s stock valued at $547,138,000 after acquiring an additional 14,664 shares in the last quarter. FMR LLC boosted its holdings in Clean Harbors by 5.6% in the third quarter. FMR LLC now owns 1,419,048 shares of the business services provider’s stock worth $237,492,000 after purchasing an additional 75,038 shares during the last quarter. State Street Corp boosted its holdings in Clean Harbors by 0.4% in the second quarter. State Street Corp now owns 1,418,790 shares of the business services provider’s stock worth $233,292,000 after purchasing an additional 5,550 shares during the last quarter. Invesco Ltd. boosted its holdings in Clean Harbors by 6.7% in the first quarter. Invesco Ltd. now owns 1,378,894 shares of the business services provider’s stock worth $153,941,000 after purchasing an additional 87,183 shares during the last quarter. Finally, Jackson Square Partners LLC boosted its holdings in Clean Harbors by 34.9% in the second quarter. Jackson Square Partners LLC now owns 823,546 shares of the business services provider’s stock worth $135,416,000 after purchasing an additional 212,958 shares during the last quarter. Institutional investors own 90.99% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CLH. Needham & Company LLC lifted their price target on shares of Clean Harbors from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Stifel Nicolaus lifted their price target on shares of Clean Harbors from $180.00 to $206.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Truist Financial lifted their target price on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. BMO Capital Markets lifted their target price on shares of Clean Harbors from $192.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Finally, Wells Fargo & Company started coverage on shares of Clean Harbors in a research note on Friday, December 8th. They set an “overweight” rating and a $190.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $193.50.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded down $0.78 during trading hours on Friday, reaching $194.85. The company’s stock had a trading volume of 196,136 shares, compared to its average volume of 337,248. The firm has a 50 day moving average price of $179.81 and a 200-day moving average price of $170.37. Clean Harbors, Inc. has a one year low of $129.70 and a one year high of $197.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66. The stock has a market cap of $10.51 billion, a P/E ratio of 28.15 and a beta of 1.23.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The firm had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the previous year, the firm posted $1.44 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, analysts predict that Clean Harbors, Inc. will post 7.36 EPS for the current year.

Insider Activity at Clean Harbors

In related news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the transaction, the director now directly owns 4,767 shares in the company, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the transaction, the chief executive officer now directly owns 67,374 shares in the company, valued at approximately $12,646,773.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The disclosure for this sale can be found here. 6.70% of the stock is currently owned by 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.