Custom Index Systems LLC Lowers Stake in Clean Harbors, Inc. (NYSE:CLH)

Custom Index Systems LLC cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 9.4% in the 4th quarter, Holdings Channel reports. The fund owned 1,839 shares of the business services provider’s stock after selling 190 shares during the quarter. Custom Index Systems LLC’s holdings in Clean Harbors were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Clean Harbors by 63.4% in 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 in the last quarter. Prospera Private Wealth LLC bought a new stake in Clean Harbors in the 3rd quarter worth approximately $56,000. CENTRAL TRUST Co boosted its stake in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after buying an additional 160 shares in the last quarter. TD Private Client Wealth LLC grew its position in Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after acquiring an additional 87 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Clean Harbors by 19.1% during the third quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock worth $86,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Price Performance

Shares of CLH stock opened at $232.93 on Friday. 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 firm has a market cap of $12.55 billion, a P/E ratio of 30.33 and a beta of 1.24. The business’s 50 day moving average price is $239.91 and its 200-day moving average price is $242.07. Clean Harbors, Inc. has a fifty-two week low of $167.86 and a fifty-two week high of $267.11.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data 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 net margin of 7.19% and a return on equity of 17.51%. The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The firm’s revenue for the quarter was up 12.0% compared to the same quarter last year. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 7.19 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CLH. Stifel Nicolaus upped their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird reduced their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. Truist Financial raised their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. One research 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 company’s stock. According to data from MarketBeat, Clean Harbors presently has an average rating of “Buy” and a consensus price target of $269.44.

Insider Activity

In related news, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the sale, the chief executive officer now owns 55,657 shares in the company, valued at approximately $13,937,625.94. This trade represents a 9.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,446 shares of company stock valued at $2,112,800. Corporate insiders own 5.90% of the company’s stock.

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.