Wedbush Securities Inc. Sells 250 Shares of Clean Harbors, Inc. $CLH

Wedbush Securities Inc. reduced its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 12.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,757 shares of the business services provider’s stock after selling 250 shares during the quarter. Wedbush Securities Inc.’s holdings in Clean Harbors were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLH. Vestmark Advisory Solutions Inc. lifted its stake in shares of Clean Harbors by 127.2% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 15,206 shares of the business services provider’s stock valued at $3,515,000 after buying an additional 8,514 shares in the last quarter. Atria Investments Inc increased its stake in Clean Harbors by 21.1% in the 2nd quarter. Atria Investments Inc now owns 27,764 shares of the business services provider’s stock worth $6,418,000 after purchasing an additional 4,842 shares during the period. Sowell Financial Services LLC bought a new stake in shares of Clean Harbors in the 2nd quarter worth approximately $242,000. Tribune Investment Group LP bought a new position in Clean Harbors in the first quarter worth $12,812,000. Finally, Voya Investment Management LLC grew its position in Clean Harbors by 4.4% during the 1st quarter. Voya Investment Management LLC now owns 127,419 shares of the business services provider’s stock valued at $25,114,000 after purchasing an additional 5,362 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Up 0.1%

Shares of CLH opened at $207.31 on Wednesday. The company has a market capitalization of $11.08 billion, a P/E ratio of 28.75 and a beta of 1.16. The stock has a 50-day moving average price of $230.68 and a 200 day moving average price of $231.35. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.07 and a current ratio of 2.44. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $264.57.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, October 29th. The business services provider reported $2.21 EPS for the quarter, missing the consensus estimate of $2.37 by ($0.16). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion. Clean Harbors had a net margin of 6.51% and a return on equity of 14.61%. Clean Harbors’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.12 EPS. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CLH shares. Oppenheimer reaffirmed an “outperform” rating and issued a $237.00 price objective on shares of Clean Harbors in a research note on Thursday, October 30th. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the company an “outperform” rating in a report on Thursday, July 31st. Barclays cut their price objective on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Raymond James Financial cut their target price on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 30th. Finally, Zacks Research lowered shares of Clean Harbors from a “hold” rating to a “strong sell” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and a consensus target price of $257.73.

Clean Harbors Company 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.