Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 6.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,102 shares of the business services provider’s stock after purchasing an additional 135 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Clean Harbors were worth $484,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Pathstone Holdings LLC increased its position in shares of Clean Harbors by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 5,893 shares of the business services provider’s stock valued at $1,424,000 after acquiring an additional 73 shares during the period. Meridian Wealth Management LLC acquired a new position in shares of Clean Harbors in the third quarter valued at about $237,000. Cerity Partners LLC raised its stake in shares of Clean Harbors by 30.6% in the third quarter. Cerity Partners LLC now owns 15,277 shares of the business services provider’s stock worth $3,693,000 after purchasing an additional 3,580 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Clean Harbors during the third quarter worth about $919,000. Finally, Bank of Montreal Can boosted its position in Clean Harbors by 11.1% in the third quarter. Bank of Montreal Can now owns 40,629 shares of the business services provider’s stock valued at $9,687,000 after buying an additional 4,060 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

NYSE:CLH opened at $200.50 on Wednesday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 52 week low of $186.54 and a 52 week high of $267.11. The stock’s 50-day moving average price is $219.30 and its 200-day moving average price is $236.20. The stock has a market capitalization of $10.80 billion, a PE ratio of 27.02 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company earned $1.82 earnings per share. As a group, equities analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Eric J. Dugas acquired 1,050 shares of the business’s stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CLH has been the subject of several research reports. Oppenheimer decreased their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. BMO Capital Markets decreased their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group lowered their price target on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Needham & Company LLC reiterated a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, Truist Financial decreased their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $266.56.

Clean Harbors 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.