Advisor Resource Council Sells 4,981 Shares of Clean Harbors, Inc. (NYSE:CLH)

Advisor Resource Council lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 54.0% during the 1st quarter, HoldingsChannel reports. The fund owned 4,248 shares of the business services provider’s stock after selling 4,981 shares during the quarter. Advisor Resource Council’s holdings in Clean Harbors were worth $855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Grayhawk Investment Strategies Inc. bought a new position in shares of Clean Harbors in the fourth quarter worth approximately $732,000. Capstone Investment Advisors LLC purchased a new position in shares of Clean Harbors in the fourth quarter valued at about $691,000. International Assets Investment Management LLC purchased a new stake in shares of Clean Harbors during the fourth quarter worth about $2,710,000. Mountain Pacific Investment Advisers Inc. ID bought a new position in Clean Harbors in the 1st quarter worth approximately $14,161,000. Finally, Perpetual Ltd raised its position in shares of Clean Harbors by 9.6% during the first quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock valued at $10,629,000 after buying an additional 4,606 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Eric J. Dugas sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total value of $1,294,188.00. Following the completion of the sale, the chief financial officer now owns 21,482 shares in the company, valued at $4,484,152.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Clean Harbors news, CFO Eric J. Dugas sold 6,200 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the completion of the transaction, the chief financial officer now owns 21,482 shares of the company’s stock, valued at $4,484,152.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 1,148 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $218.14, for a total transaction of $250,424.72. Following the completion of the sale, the director now directly owns 13,767 shares in the company, valued at $3,003,133.38. The disclosure for this sale can be found here. Insiders have sold 57,348 shares of company stock worth $12,320,113 in the last three months. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Trading Up 2.2 %

NYSE CLH traded up $4.76 during trading on Thursday, hitting $224.31. The stock had a trading volume of 172,021 shares, compared to its average volume of 334,383. The stock has a market capitalization of $12.10 billion, a price-to-earnings ratio of 32.48 and a beta of 1.21. The stock has a 50 day simple moving average of $215.45 and a 200 day simple moving average of $194.25. Clean Harbors, Inc. has a one year low of $132.92 and a one year high of $231.15. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. Clean Harbors’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. Sell-side analysts predict that Clean Harbors, Inc. will post 7.47 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CLH shares. Stifel Nicolaus restated a “buy” rating and set a $220.00 price objective on shares of Clean Harbors in a research report on Monday, April 22nd. Raymond James increased 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. Truist Financial boosted their price target on shares of Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Robert W. Baird increased their price objective on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Finally, StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $216.40.

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.