Advisors Asset Management Inc. Sells 2,834 Shares of Clean Harbors, Inc. (NYSE:CLH)

Advisors Asset Management Inc. cut its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 13.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,731 shares of the business services provider's stock after selling 2,834 shares during the period. Advisors Asset Management Inc.'s holdings in Clean Harbors were worth $4,527,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CLH. Innealta Capital LLC bought a new position in shares of Clean Harbors during the 2nd quarter worth about $25,000. UMB Bank n.a. lifted its holdings in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock worth $52,000 after acquiring an additional 83 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Clean Harbors during the 2nd quarter worth about $56,000. Prospera Private Wealth LLC bought a new position in shares of Clean Harbors during the 3rd quarter worth about $56,000. Finally, CENTRAL TRUST Co lifted its holdings in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after acquiring an additional 160 shares during the period. 90.43% of the stock is owned by institutional investors.

Clean Harbors Trading Up 1.0 %

Shares of NYSE:CLH traded up $2.47 during trading on Friday, hitting $252.50. 353,565 shares of the company's stock were exchanged, compared to its average volume of 296,830. Clean Harbors, Inc. has a 1-year low of $158.42 and a 1-year high of $267.11. The firm has a 50-day moving average price of $249.68 and a two-hundred day moving average price of $234.66. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The firm has a market cap of $13.61 billion, a P/E ratio of 32.83 and a beta of 1.20.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the firm earned $1.68 EPS. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 7.29 earnings per share for the current year.

Insider Transactions at Clean Harbors

In related news, CEO Eric W. Gerstenberg sold 6,051 shares of Clean Harbors stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the transaction, the chief executive officer now owns 55,657 shares of the company's stock, valued at $13,937,625.94. This trade represents a 9.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 309 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the transaction, the director now directly owns 13,458 shares in the company, valued at $3,284,963.22. The trade was a 2.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,586 shares of company stock worth $4,351,841 in the last quarter. 5.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CLH. Robert W. Baird dropped 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 report on Thursday, October 31st. Stifel Nicolaus reiterated a "buy" rating and set a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. StockNews.com cut shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. The Goldman Sachs Group increased their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the stock a "neutral" rating in a research report on Thursday, August 1st. Finally, Truist Financial increased their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors has a consensus rating of "Buy" and a consensus target price of $254.33.

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.