Vestmark Advisory Solutions Inc. Buys 500 Shares of Clean Harbors, Inc. (NYSE:CLH)

Vestmark Advisory Solutions Inc. grew its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 9.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,681 shares of the business services provider’s stock after buying an additional 500 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Clean Harbors were worth $1,307,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allworth Financial LP grew its stake in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after buying an additional 103 shares during the last quarter. Assetmark Inc. grew its stake in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after buying an additional 205 shares during the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors during the third quarter worth $56,000. UMB Bank n.a. grew its stake in shares of Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after buying an additional 66 shares during the last quarter. Finally, Spire Wealth Management grew its stake in shares of Clean Harbors by 396.7% during the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after buying an additional 238 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets reduced their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. Truist Financial reduced their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, TD Cowen assumed coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors currently has an average rating of “Buy” and a consensus target price of $270.56.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $197.29 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The business has a 50-day moving average price of $228.43 and a two-hundred day moving average price of $240.43. Clean Harbors, Inc. has a 1-year low of $184.51 and a 1-year high of $267.11. The company has a market cap of $10.63 billion, a P/E ratio of 26.59 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business posted $1.82 EPS. The business’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 924 shares of company stock valued at $219,570 in the last 90 days. 5.90% of the stock is currently owned by corporate insiders.

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.