Genesee Capital Advisors LLC Lowers Stake in Clean Harbors, Inc. (NYSE:CLH)

Genesee Capital Advisors LLC reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,527 shares of the business services provider’s stock after selling 1,452 shares during the quarter. Genesee Capital Advisors LLC’s holdings in Clean Harbors were worth $1,336,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Innealta Capital LLC acquired a new position in shares of Clean Harbors during the 2nd quarter worth about $25,000. GAMMA Investing LLC raised its position in shares of Clean Harbors by 47.9% during the 1st 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 last quarter. UMB Bank n.a. raised 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 worth $52,000 after purchasing an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Clean Harbors during the 2nd quarter worth about $56,000. Finally, Blue Trust Inc. raised its position in shares of Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after purchasing an additional 173 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Trading Up 0.2 %

CLH traded up $0.50 during mid-day trading on Monday, hitting $257.46. 29,989 shares of the stock were exchanged, compared to its average volume of 287,980. The firm’s fifty day moving average is $244.09 and its two-hundred day moving average is $225.89. Clean Harbors, Inc. has a 1-year low of $132.92 and a 1-year high of $261.81. The company has a market cap of $13.89 billion, a PE ratio of 37.08 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.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 earnings per share. Equities analysts forecast that Clean Harbors, Inc. will post 7.65 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In related news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors 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 completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at approximately $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 309 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,617 shares of company stock worth $2,613,132. Corporate insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on CLH. Truist Financial increased their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Oppenheimer increased their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday. Stifel Nicolaus reiterated a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Needham & Company LLC raised their price target on shares of Clean Harbors from $235.00 to $274.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Robert W. Baird raised their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $250.89.

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.