Prospera Private Wealth LLC Makes New Investment in Clean Harbors, Inc. (NYSE:CLH)

Prospera Private Wealth LLC purchased a new stake in Clean Harbors, Inc. (NYSE:CLH) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 232 shares of the business services provider’s stock, valued at approximately $56,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Innealta Capital LLC purchased a new stake in shares of Clean Harbors in the second quarter valued at about $25,000. UMB Bank n.a. boosted its holdings in Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Clean Harbors in the second quarter valued at approximately $56,000. CENTRAL TRUST Co raised 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 worth $63,000 after purchasing an additional 160 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Clean Harbors by 117.7% during the 2nd quarter. Blue Trust Inc. now owns 320 shares of the business services provider’s stock worth $72,000 after buying an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Up 1.0 %

Shares of Clean Harbors stock opened at $250.03 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 12-month low of $158.42 and a 12-month high of $267.11. The firm has a market capitalization of $13.48 billion, a PE ratio of 32.56 and a beta of 1.20. The stock’s fifty day moving average is $249.68 and its 200-day moving average is $234.66.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period last year, the company earned $1.68 earnings per share. Clean Harbors’s revenue for the quarter was up 12.0% compared to the same quarter last year. Equities analysts anticipate that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the sale, the director now directly owns 12,842 shares of the company’s stock, valued at approximately $3,207,674.76. This represents a 2.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Speights sold 610 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,586 shares of company stock valued at $4,351,841 over the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Analyst Upgrades and Downgrades

CLH has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Oppenheimer boosted their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Stifel Nicolaus reiterated a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Needham & Company LLC decreased their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors has an average rating of “Buy” and a consensus target price of $254.33.

Clean Harbors 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.