Nations Financial Group Inc. IA ADV Decreases Stake in Clean Harbors, Inc. (NYSE:CLH)

Nations Financial Group Inc. IA ADV lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 7.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,194 shares of the business services provider’s stock after selling 93 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Clean Harbors were worth $270,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Norges Bank purchased a new position in Clean Harbors in the 4th quarter worth approximately $87,074,000. Lazard Freres Gestion S.A.S. purchased a new position in Clean Harbors in the 2nd quarter worth approximately $42,968,000. Wellington Management Group LLP boosted its holdings in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock worth $637,822,000 after acquiring an additional 182,622 shares during the period. DAVENPORT & Co LLC boosted its holdings in Clean Harbors by 93.1% in the 1st quarter. DAVENPORT & Co LLC now owns 264,416 shares of the business services provider’s stock worth $53,124,000 after acquiring an additional 127,498 shares during the period. Finally, Spirepoint Private Client LLC purchased a new position in Clean Harbors in the 1st quarter worth approximately $16,594,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the sale, the insider now directly owns 2,494,211 shares of the company’s stock, valued at $537,527,412.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.90% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CLH shares. Truist Financial upped their price target on Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Raymond James upped their target price on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 2nd. Robert W. Baird upped their target price on Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. The Goldman Sachs Group upped their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets upped their target price on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $242.40.

Clean Harbors Stock Performance

NYSE CLH traded up $3.84 during trading hours on Friday, hitting $245.90. The company had a trading volume of 152,003 shares, compared to its average volume of 305,500. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $247.24. The company has a quick ratio of 1.72, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The business has a fifty day simple moving average of $231.29 and a 200-day simple moving average of $211.45. The firm has a market cap of $13.26 billion, a P/E ratio of 35.18 and a beta of 1.21.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.25. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period last year, the company earned $2.13 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts predict that Clean Harbors, Inc. will post 7.56 EPS for the current year.

About Clean Harbors

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.