Advisor OS LLC Reduces Position in Clean Harbors, Inc. (NYSE:CLH)

Advisor OS LLC cut its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 84.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor 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 institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP increased 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 purchasing an additional 103 shares during the last quarter. Prospera Private Wealth LLC bought a new position in Clean Harbors during the third quarter valued at approximately $56,000. UMB Bank n.a. raised its stake in shares of Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock worth $64,000 after acquiring an additional 66 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider's stock worth $70,000 after acquiring an additional 87 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in shares of Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock valued at $69,000 after purchasing an additional 238 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

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Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were 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 owns 12,226 shares of the company's stock, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 924 shares of company stock valued at $219,570. 5.90% of the stock is currently owned by company insiders.

Clean Harbors Trading Down 2.7 %

Shares of CLH traded down $5.87 during trading hours on Monday, reaching $207.68. 478,641 shares of the company traded hands, compared to its average volume of 448,173. Clean Harbors, Inc. has a 12 month low of $183.84 and a 12 month high of $267.11. The company has a market capitalization of $11.19 billion, a price-to-earnings ratio of 27.99 and a beta of 1.24. The company's fifty day moving average price is $230.70 and its two-hundred day moving average price is $241.46. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results 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. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company earned $1.82 EPS. The business's revenue was up 6.9% compared to the same quarter last year. Equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CLH has been the subject of several recent research reports. Robert W. Baird lowered their price target on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They issued a "buy" rating and a $325.00 target price for the company. BMO Capital Markets decreased their price target 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. Oppenheimer lowered their price objective on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Clean Harbors from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Clean Harbors currently has a consensus rating of "Moderate Buy" and an average target price of $270.56.

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.