Advisor Resource Council Makes New $926,000 Investment in Clean Harbors, Inc. (NYSE:CLH)

Advisor Resource Council acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 3,833 shares of the business services provider’s stock, valued at approximately $926,000.

A number of other hedge funds have also recently made changes to their positions in CLH. Clearbridge Investments LLC grew its position in Clean Harbors by 30.6% during the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after purchasing an additional 248,240 shares during the last quarter. Lazard Freres Gestion S.A.S. purchased a new stake in shares of Clean Harbors during the second quarter worth approximately $42,968,000. Marshall Wace LLP increased its position in shares of Clean Harbors by 20.3% during the second quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock worth $121,505,000 after purchasing an additional 90,756 shares in the last quarter. Spirepoint Private Client LLC purchased a new stake in shares of Clean Harbors during the first quarter worth approximately $16,594,000. Finally, Janus Henderson Group PLC increased its position in shares of Clean Harbors by 5.2% during the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after purchasing an additional 78,848 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CLH. Robert W. Baird dropped their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Truist Financial upped their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus restated a “buy” rating and issued a $275.00 target price (up from $240.00) on shares of Clean Harbors in a 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 report on Thursday, August 1st. Finally, Needham & Company LLC dropped their target price on Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors presently has an average rating of “Buy” and an average target price of $254.33.

Insider Activity

In related news, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total value of $80,307.92. Following the transaction, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Clean Harbors news, Director Lauren States sold 308 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $260.74, for a total transaction of $80,307.92. Following the sale, the director now owns 13,150 shares in the company, valued at $3,428,731. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Robert Speights sold 610 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,227 shares of company stock valued at $2,759,617 over the last quarter. Company insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

CLH opened at $259.51 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 33.79 and a beta of 1.20. The stock’s 50-day moving average price is $246.52 and its 200 day moving average price is $230.64. Clean Harbors, Inc. has a 12-month low of $152.57 and a 12-month high of $267.11.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the prior year, the business earned $1.68 EPS. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

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.