Clean Harbors, Inc. (NYSE:CLH) Shares Sold by MGB Wealth Management LLC

MGB Wealth Management LLC lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 9.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,965 shares of the business services provider’s stock after selling 421 shares during the quarter. MGB Wealth Management LLC’s holdings in Clean Harbors were worth $957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Algert Global LLC boosted its position in Clean Harbors by 92.5% during the 3rd quarter. Algert Global LLC now owns 45,959 shares of the business services provider’s stock valued at $11,109,000 after purchasing an additional 22,082 shares during the period. Cerity Partners LLC raised its stake in Clean Harbors by 30.6% during the 3rd quarter. Cerity Partners LLC now owns 15,277 shares of the business services provider’s stock valued at $3,693,000 after acquiring an additional 3,580 shares in the last quarter. Meridian Wealth Management LLC bought a new stake in Clean Harbors during the 3rd quarter valued at $237,000. Icon Wealth Advisors LLC raised its stake in Clean Harbors by 513.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 3,288 shares of the business services provider’s stock valued at $795,000 after acquiring an additional 2,752 shares in the last quarter. Finally, Citigroup Inc. raised its stake in Clean Harbors by 5.8% during the 3rd quarter. Citigroup Inc. now owns 233,619 shares of the business services provider’s stock valued at $56,468,000 after acquiring an additional 12,878 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Up 1.0 %

CLH opened at $252.50 on Friday. Clean Harbors, Inc. has a one year low of $158.42 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The stock’s fifty day moving average is $249.86 and its 200-day moving average is $235.09. The company has a market capitalization of $13.61 billion, a PE ratio of 32.88 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last announced its 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). The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same period last year, the firm earned $1.68 earnings per share. On average, equities analysts predict that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction 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 in the company, valued at approximately $3,284,963.22. The trade was a 2.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction 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 transaction, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 17,586 shares of company stock valued at $4,351,841 over the last three months. Company insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CLH shares. Oppenheimer lifted their target price on Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. The Goldman Sachs Group lifted their target price on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Truist Financial lifted their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $254.33.

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.