Clean Harbors, Inc. (NYSE:CLH) Holdings Increased by Icon Wealth Advisors LLC

Icon Wealth Advisors LLC boosted its position in Clean Harbors, Inc. (NYSE:CLH) by 8.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 581 shares of the business services provider’s stock after purchasing an additional 45 shares during the period. Icon Wealth Advisors LLC’s holdings in Clean Harbors were worth $140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new position in Clean Harbors during the second quarter valued at about $25,000. UMB Bank n.a. boosted its position in shares of Clean Harbors by 63.4% during the 3rd 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 in the 2nd quarter worth approximately $56,000. Prospera Private Wealth LLC acquired a new stake in Clean Harbors during the third quarter valued at approximately $56,000. Finally, CENTRAL TRUST Co boosted its holdings in Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after buying an additional 160 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Up 0.9 %

CLH opened at $260.09 on Friday. The company has a market capitalization of $14.02 billion, a PE ratio of 33.87 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. Clean Harbors, Inc. has a fifty-two week low of $158.42 and a fifty-two week high of $267.11. The business has a 50-day moving average of $251.34 and a 200-day moving average of $236.58.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.68 EPS. Equities research analysts forecast that Clean Harbors, Inc. will post 7.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CLH. Oppenheimer increased their price objective on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. Robert W. Baird reduced their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Truist Financial boosted their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC decreased their price objective 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. Finally, StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $254.33.

Insiders Place Their Bets

In related news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. This trade represents a 11.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,447 shares of company stock valued at $4,576,829 over the last quarter. 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.