Sequoia Financial Advisors LLC Acquires Shares of 1,900 Clean Harbors, Inc. $CLH

Sequoia Financial Advisors LLC acquired a new stake in shares of Clean Harbors, Inc. (NYSE:CLH) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,900 shares of the business services provider’s stock, valued at approximately $446,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Candriam S.C.A. increased its position in shares of Clean Harbors by 36.4% during the 3rd quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock worth $15,992,000 after purchasing an additional 18,367 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Clean Harbors by 7.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock worth $51,059,000 after acquiring an additional 15,872 shares during the period. SG Americas Securities LLC boosted its stake in shares of Clean Harbors by 57.4% during the 4th quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock worth $14,683,000 after acquiring an additional 22,827 shares during the period. Tudor Investment Corp ET AL boosted its stake in shares of Clean Harbors by 86.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock worth $14,654,000 after acquiring an additional 29,176 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Clean Harbors by 2.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock worth $86,963,000 after acquiring an additional 8,145 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Truist Financial lifted their target price on Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Wall Street Zen downgraded Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Raymond James Financial reiterated a “strong-buy” rating and set a $320.00 target price on shares of Clean Harbors in a research note on Monday, February 23rd. Weiss Ratings downgraded Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 9th. Finally, Oppenheimer lifted their target price on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $322.08.

Clean Harbors Stock Performance

NYSE:CLH opened at $303.02 on Monday. The stock has a market cap of $16.01 billion, a P/E ratio of 41.06 and a beta of 0.92. The stock has a 50 day simple moving average of $295.48 and a 200 day simple moving average of $263.22. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $316.98.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $1.09 EPS. Research analysts anticipate that Clean Harbors, Inc. will post 8.38 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In related news, EVP Sharon M. Gabriel sold 3,540 shares of Clean Harbors stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $282.07, for a total transaction of $998,527.80. Following the completion of the sale, the executive vice president directly owned 23,193 shares of the company’s stock, valued at approximately $6,542,049.51. This trade represents a 13.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of Clean Harbors stock in a transaction on Friday, February 20th. The shares were sold at an average price of $281.31, for a total value of $784,292.28. Following the completion of the transaction, the chief financial officer directly owned 15,933 shares of the company’s stock, valued at $4,482,112.23. This represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,597 shares of company stock worth $3,895,286 in the last 90 days. Company insiders own 5.00% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.