EverSource Wealth Advisors LLC Cuts Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

EverSource Wealth Advisors LLC trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,483 shares of the business services provider’s stock after selling 90 shares during the period. EverSource Wealth Advisors LLC’s holdings in Clean Harbors were worth $1,986,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Grayhawk Investment Strategies Inc. bought a new position in shares of Clean Harbors during the fourth quarter valued at about $732,000. Capstone Investment Advisors LLC bought a new position in shares of Clean Harbors during the fourth quarter valued at about $691,000. International Assets Investment Management LLC bought a new position in shares of Clean Harbors during the fourth quarter valued at about $2,710,000. Mountain Pacific Investment Advisers Inc. ID bought a new position in shares of Clean Harbors during the first quarter valued at about $14,161,000. Finally, Perpetual Ltd raised its stake 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 acquiring an additional 4,606 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Lauren States sold 1,148 shares of the 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 sale, the director now owns 13,767 shares in the company, valued at $3,003,133.38. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Alan S. Mckim sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total value of $10,775,500.00. Following the sale, the insider now owns 2,494,211 shares in the company, valued at $537,527,412.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 1,148 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was 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 owns 13,767 shares in the company, valued at approximately $3,003,133.38. The disclosure for this sale can be found here. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Stock Down 3.0 %

Shares of NYSE CLH traded down $7.39 on Friday, reaching $235.00. 456,023 shares of the company’s stock traded hands, compared to its average volume of 304,903. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $246.28. The business’s 50 day simple moving average is $224.13 and its two-hundred day simple moving average is $202.98. The company has a market cap of $12.68 billion, a price-to-earnings ratio of 34.01 and a beta of 1.21. The company has a quick ratio of 1.72, a current ratio of 2.10 and a debt-to-equity ratio of 1.14.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CLH shares. The Goldman Sachs Group upped their price objective on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday. Stifel Nicolaus reissued a “buy” rating and issued a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research note on Thursday. BMO Capital Markets increased their price target on shares of Clean Harbors from $225.00 to $230.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Robert W. Baird increased their price target on shares of Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Oppenheimer increased their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $242.40.

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.