Integrated Wealth Concepts LLC Acquires 79 Shares of Clean Harbors, Inc. (NYSE:CLH)

Integrated Wealth Concepts LLC raised its stake in Clean Harbors, Inc. (NYSE:CLH) by 8.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,052 shares of the business services provider’s stock after acquiring an additional 79 shares during the period. Integrated Wealth Concepts LLC’s holdings in Clean Harbors were worth $254,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Innealta Capital LLC bought a new stake in Clean Harbors in the 2nd quarter valued at $25,000. UMB Bank n.a. lifted its holdings in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors during the second quarter worth about $56,000. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors during the third quarter worth about $56,000. Finally, CENTRAL TRUST Co raised its position in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Down 1.3 %

Clean Harbors stock opened at $244.35 on Friday. The stock has a 50-day simple moving average of $252.32 and a 200 day simple moving average of $238.96. The stock has a market capitalization of $13.17 billion, a P/E ratio of 31.82 and a beta of 1.22. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a 52 week low of $161.39 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH) last issued its earnings results 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). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the firm posted $1.68 earnings per share. The business’s revenue was up 12.0% compared to the same quarter last year. Analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the sale, the insider now owns 39,160 shares of the company’s stock, valued at approximately $9,403,882.40. The trade was a 1.53 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 309 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares in the company, valued at approximately $3,284,963.22. This represents a 2.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,447 shares of company stock worth $4,576,829 over the last ninety days. Insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

CLH has been the subject of a number of recent research reports. Stifel Nicolaus upped their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday. Oppenheimer increased their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Truist Financial lifted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Needham & Company LLC decreased their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors currently has an average rating of “Buy” and a consensus target price of $271.00.

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.