Advisor OS LLC Has $388,000 Stake in Clean Harbors, Inc. (NYSE:CLH)

Advisor OS LLC lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 84.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,684 shares of the business services provider’s stock after selling 9,400 shares during the period. Advisor OS LLC’s holdings in Clean Harbors were worth $388,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Reliant Investment Management LLC acquired a new position in Clean Harbors during the 4th quarter valued at about $4,386,000. Fiduciary Alliance LLC acquired a new position in Clean Harbors during the 4th quarter valued at about $846,000. Mountain Pacific Investment Advisers LLC boosted its stake in Clean Harbors by 4.5% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after purchasing an additional 4,240 shares during the last quarter. Barclays PLC boosted its stake in Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after purchasing an additional 8,639 shares during the last quarter. Finally, Advisor Resource Council acquired a new position in Clean Harbors during the 3rd quarter valued at about $926,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CLH. StockNews.com downgraded Clean Harbors from a “buy” rating to a “hold” rating in a research note on Tuesday. Truist Financial cut their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. TD Cowen started coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Stifel Nicolaus cut their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, BMO Capital Markets cut their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $270.56.

Clean Harbors Price Performance

Clean Harbors stock opened at $210.34 on Friday. Clean Harbors, Inc. has a 12 month low of $180.37 and a 12 month high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The business’s 50 day simple moving average is $231.04 and its 200 day simple moving average is $241.50. The company has a market cap of $11.33 billion, a price-to-earnings ratio of 28.35 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm posted $1.82 EPS. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. Sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 308 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the transaction, the director now owns 12,534 shares of the company’s stock, valued at approximately $3,071,582.04. This represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 924 shares of company stock valued at $219,570 in the last 90 days. 5.90% of the stock is currently owned by company insiders.

About Clean Harbors

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.