Prospera Private Wealth LLC Buys Shares of 232 Clean Harbors, Inc. (NYSE:CLH)

Prospera Private Wealth LLC bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 232 shares of the business services provider’s stock, valued at approximately $56,000.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Clean Harbors in the second quarter valued at approximately $25,000. UMB Bank n.a. raised its holdings in Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Clean Harbors during the second quarter worth about $56,000. CENTRAL TRUST Co boosted its position in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after acquiring an additional 160 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Clean Harbors by 117.7% in the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 173 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Trading Up 1.0 %

NYSE:CLH opened at $250.03 on Friday. Clean Harbors, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The firm’s 50 day moving average is $249.68 and its 200 day moving average is $234.66. The stock has a market capitalization of $13.48 billion, a PE ratio of 32.56 and a beta of 1.20.

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

Insider Activity

In other news, CEO Eric W. Gerstenberg sold 6,051 shares of the business’s stock in a transaction dated 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 approximately $13,937,625.94. The trade was a 9.81 % 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 the SEC website. Also, Director Lauren States sold 308 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the transaction, the director now directly owns 13,150 shares in the company, valued at $3,428,731. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,586 shares of company stock worth $4,351,841 over the last ninety days. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

CLH has been the topic of several research reports. Oppenheimer lifted 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. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Robert W. Baird dropped their price objective 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. The Goldman Sachs Group upped their target price on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Finally, Truist Financial lifted their price target on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $254.33.

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.