Venturi Wealth Management LLC Grows Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Venturi Wealth Management LLC raised its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 436.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,624 shares of the business services provider's stock after buying an additional 1,321 shares during the quarter. Venturi Wealth Management LLC's holdings in Clean Harbors were worth $374,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its stake in shares of Clean Harbors by 1.4% during the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider's stock worth $678,000 after purchasing an additional 39 shares in the last quarter. Icon Wealth Advisors LLC boosted its stake in shares of Clean Harbors by 8.4% during the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider's stock valued at $140,000 after buying an additional 45 shares during the last quarter. Traynor Capital Management Inc. increased its stake in shares of Clean Harbors by 3.6% in the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock worth $334,000 after buying an additional 50 shares during the last quarter. Signaturefd LLC lifted its position in shares of Clean Harbors by 11.8% during the third quarter. Signaturefd LLC now owns 491 shares of the business services provider's stock worth $119,000 after purchasing an additional 52 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in Clean Harbors by 3.5% during the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider's stock valued at $378,000 after purchasing an additional 53 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Activity

In other news, EVP Brian P. Weber sold 861 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now directly owns 59,346 shares in the company, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of the company's stock in a transaction 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 owns 12,226 shares of the company's stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,785 shares of company stock valued at $444,558 in the last ninety days. 5.90% of the stock is currently owned by insiders.

Clean Harbors Trading Up 2.6 %

Shares of CLH stock traded up $5.59 on Friday, hitting $217.77. The company had a trading volume of 1,006,327 shares, compared to its average volume of 428,280. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock's 50-day moving average is $233.69 and its two-hundred day moving average is $242.09. Clean Harbors, Inc. has a twelve month low of $180.24 and a twelve month high of $267.11. The firm has a market cap of $11.74 billion, a P/E ratio of 29.35 and a beta of 1.24.

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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm earned $1.82 earnings per share. Clean Harbors's revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities research analysts anticipate that Clean Harbors, Inc. will post 8.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CLH has been the subject of several recent analyst reports. Needham & Company LLC reissued a "buy" rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday. Oppenheimer decreased their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a report on Thursday. Stifel Nicolaus decreased their price objective on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday. StockNews.com cut shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Finally, Truist Financial reduced their target price on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research note on Thursday. One investment 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 company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target 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.