Sigma Planning Corp Boosts Stake in Clean Harbors, Inc. (NYSE:CLH)

Sigma Planning Corp boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 44.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,446 shares of the business services provider’s stock after purchasing an additional 1,990 shares during the period. Sigma Planning Corp’s holdings in Clean Harbors were worth $1,483,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Allworth Financial LP lifted its position in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after buying an additional 103 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Clean Harbors during the 3rd quarter worth approximately $56,000. CENTRAL TRUST Co lifted its holdings in Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after purchasing an additional 160 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after purchasing an additional 66 shares during the period. Finally, TD Private Client Wealth LLC increased its stake in shares of Clean Harbors by 42.6% in the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, the director now directly owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,785 shares of company stock valued at $444,558. 5.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

CLH has been the topic of a number of analyst reports. Truist Financial lowered their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus lowered their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Oppenheimer lowered their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $270.56.

Clean Harbors Price Performance

Shares of CLH stock opened at $211.99 on Tuesday. The company has a market capitalization of $11.42 billion, a P/E ratio of 28.57 and a beta of 1.24. The company’s 50-day simple moving average is $232.45 and its two-hundred day simple moving average is $242.05. Clean Harbors, Inc. has a one year low of $180.37 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.82 earnings per share. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

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.