Proficio Capital Partners LLC Acquires New Holdings in Clean Harbors, Inc. (NYSE:CLH)

Proficio Capital Partners LLC bought a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,804 shares of the business services provider's stock, valued at approximately $16,525,000. Proficio Capital Partners LLC owned approximately 0.13% of Clean Harbors at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP grew its stake in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after buying an additional 103 shares during the last quarter. Assetmark Inc. increased its position in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after acquiring an additional 205 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors during the third quarter worth $56,000. UMB Bank n.a. grew its position in Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after purchasing an additional 66 shares in the last quarter. Finally, Spire Wealth Management lifted its stake in Clean Harbors by 396.7% in the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock valued at $69,000 after acquiring an additional 238 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Stifel Nicolaus cut their target price on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Robert W. Baird decreased their price target on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Truist Financial dropped their price target on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. One investment 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. According to MarketBeat, Clean Harbors currently has a consensus rating of "Buy" and a consensus price target of $270.56.

Clean Harbors Stock Up 0.6 %

Clean Harbors stock traded up $1.19 during mid-day trading on Tuesday, reaching $194.99. The stock had a trading volume of 403,692 shares, compared to its average volume of 315,413. The company has a market capitalization of $10.50 billion, a price-to-earnings ratio of 26.28 and a beta of 1.22. The company has a 50-day moving average price of $223.19 and a two-hundred day moving average price of $237.94. Clean Harbors, Inc. has a one year low of $186.54 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 - Get Free Report) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $1.82 EPS. Clean Harbors's revenue was up 6.9% on a year-over-year basis. On average, analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is owned by corporate insiders.

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.