Hantz Financial Services Inc. Has $629,000 Stake in Clean Harbors, Inc. (NYSE:CLH)

Hantz Financial Services Inc. lowered its stake in Clean Harbors, Inc. (NYSE:CLH) by 2.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,732 shares of the business services provider’s stock after selling 71 shares during the period. Hantz Financial Services Inc.’s holdings in Clean Harbors were worth $629,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. FMR LLC lifted its holdings in Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after purchasing an additional 100,394 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Clean Harbors during the 3rd quarter worth $17,258,000. Handelsbanken Fonder AB grew its stake in Clean Harbors by 12.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock valued at $137,974,000 after buying an additional 63,800 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Clean Harbors by 24.2% in the 3rd quarter. Franklin Resources Inc. now owns 205,295 shares of the business services provider’s stock valued at $53,313,000 after buying an additional 39,976 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Down 2.4 %

CLH opened at $232.93 on Friday. The company has a market capitalization of $12.55 billion, a P/E ratio of 30.33 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The firm’s fifty day moving average price is $239.91 and its two-hundred day moving average price is $242.07. Clean Harbors, Inc. has a fifty-two week low of $167.86 and a fifty-two week high of $267.11.

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

Wall Street Analyst Weigh In

A number of research firms have issued reports on CLH. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price target for the company. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Oppenheimer lifted their price target on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Truist Financial raised their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird cut their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. One 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. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $269.44.

Insiders Place Their Bets

In related news, insider Robert Speights sold 610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,446 shares of company stock worth $2,112,800 over the last quarter. Company insiders own 5.90% of the company’s stock.

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.