Wedbush Securities Inc. Has $559,000 Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Wedbush Securities Inc. lowered its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,471 shares of the business services provider’s stock after selling 57 shares during the period. Wedbush Securities Inc.’s holdings in Clean Harbors were worth $559,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Clean Harbors in the 2nd quarter valued at about $25,000. Rise Advisors LLC bought a new stake in shares of Clean Harbors during the first quarter valued at approximately $27,000. GAMMA Investing LLC raised its position in shares of Clean Harbors by 47.9% during the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after purchasing an additional 56 shares during the period. National Bank of Canada FI bought a new position in shares of Clean Harbors in the 4th quarter worth $34,000. Finally, Creekmur Asset Management LLC acquired a new stake in Clean Harbors in the 4th quarter valued at $50,000. 90.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on CLH. Needham & Company LLC raised their price objective on shares of Clean Harbors from $235.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Robert W. Baird raised their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Truist Financial boosted their price objective on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Oppenheimer raised their target price on Clean Harbors from $245.00 to $252.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors currently has an average rating of “Buy” and a consensus target price of $242.40.

Clean Harbors Stock Up 0.3 %

CLH stock opened at $240.65 on Friday. The stock has a market cap of $12.99 billion, a P/E ratio of 34.83 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.14. The stock’s fifty day simple moving average is $233.94 and its two-hundred day simple moving average is $215.29. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $247.24.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.13 EPS. Analysts expect that Clean Harbors, Inc. will post 7.65 EPS for the current year.

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.