Tectonic Advisors LLC grew its holdings in Clean Harbors, Inc. (NYSE:CLH – Free Report) by 9.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,545 shares of the business services provider’s stock after purchasing an additional 3,034 shares during the period. Tectonic Advisors LLC owned about 0.07% of Clean Harbors worth $11,337,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC increased its stake in shares of Clean Harbors by 11.1% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,339 shares of the business services provider’s stock valued at $726,000 after buying an additional 233 shares during the period. MBL Wealth LLC acquired a new stake in Clean Harbors in the third quarter valued at approximately $205,000. Root Financial Partners LLC acquired a new stake in shares of Clean Harbors in the 3rd quarter worth $87,000. Reyes Financial Architecture Inc. purchased a new stake in shares of Clean Harbors during the third quarter worth about $31,000. Finally, Crossmark Global Holdings Inc. grew its position in Clean Harbors by 2.0% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,121 shares of the business services provider’s stock worth $968,000 after purchasing an additional 60 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. William Blair lowered Clean Harbors from an “outperform” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company upped their price target on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a report on Friday, July 31st. Citigroup lifted their target price on shares of Clean Harbors from $376.00 to $378.00 and gave the company a “buy” rating in a research report on Thursday, October 15th. Oppenheimer reaffirmed an “outperform” rating and issued a $350.00 price target on shares of Clean Harbors in a research note on Thursday, July 30th. Finally, Truist Financial boosted their price target on Clean Harbors from $350.00 to $365.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $363.07.
View Our Latest Analysis on CLH
Clean Harbors Price Performance
Shares of CLH stock traded down $1.94 during trading hours on Friday, reaching $319.02. The company had a trading volume of 450,292 shares, compared to its average volume of 384,649. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $335.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.80 and a current ratio of 2.13. The company has a market capitalization of $16.84 billion, a price-to-earnings ratio of 38.72, a PEG ratio of 1.87 and a beta of 0.87. The stock has a fifty day moving average of $317.02 and a 200-day moving average of $305.38.
Clean Harbors (NYSE:CLH – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.41. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.36 earnings per share. On average, equities analysts anticipate that Clean Harbors, Inc. will post 9.94 earnings per share for the current year.
Insider Activity
In other news, CEO Eric W. Gerstenberg sold 2,500 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $321.34, for a total value of $803,350.00. Following the completion of the sale, the chief executive officer owned 56,793 shares of the company’s stock, valued at $18,249,862.62. This represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrea Robertson sold 789 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total transaction of $247,753.89. Following the sale, the director owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This represents a 8.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.00% of the company’s stock.
Clean Harbors Profile
Clean Harbors, Inc provides environmental, energy and industrial services to customers across North America. The company serves a broad range of industries, including manufacturing, government, utilities, energy and transportation, helping customers manage hazardous and non-hazardous materials, maintain industrial facilities and respond to environmental emergencies.
Its services include hazardous waste collection, transportation, treatment and disposal; incineration; recycling and waste-to-fuel programs; wastewater treatment; and used-oil collection and re-refining.
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