Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 13.1% in the third quarter, HoldingsChannel reports. The fund owned 18,731 shares of the business services provider’s stock after selling 2,834 shares during the quarter. Advisors Asset Management Inc.’s holdings in Clean Harbors were worth $4,527,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Clearbridge Investments LLC grew its stake in shares of Clean Harbors by 30.6% in the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after buying an additional 248,240 shares in the last quarter. Lazard Freres Gestion S.A.S. acquired a new position in Clean Harbors in the second quarter worth about $42,968,000. Marshall Wace LLP raised its position in shares of Clean Harbors by 20.3% during the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after acquiring an additional 90,756 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Clean Harbors by 5.2% during the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after purchasing an additional 78,848 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in Clean Harbors by 12.6% during the third quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after acquiring an additional 63,800 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

CLH stock opened at $250.03 on Friday. Clean Harbors, Inc. has a 1 year low of $158.42 and a 1 year high of $267.11. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 32.56 and a beta of 1.20. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The company has a 50 day simple moving average of $249.68 and a 200 day simple moving average of $234.66.

Clean Harbors (NYSE:CLH) last released its earnings results 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 net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. Clean Harbors’s quarterly revenue was up 12.0% on a year-over-year basis. Research analysts anticipate that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CLH. Truist Financial increased their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus reissued a “buy” rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Needham & Company LLC reduced 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 note on Thursday, October 31st. The Goldman Sachs Group increased their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $254.33.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 13,150 shares in the company, valued at $3,428,731. This represents a 2.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 6,051 shares of Clean Harbors stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the sale, the chief executive officer now owns 55,657 shares of the company’s stock, valued at approximately $13,937,625.94. The trade was a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,586 shares of company stock valued at $4,351,841 over the last three months. Corporate insiders own 5.90% of the company’s stock.

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.