LPL Financial LLC Purchases 4,483 Shares of Clean Harbors, Inc. (NYSE:CLH)

LPL Financial LLC grew its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 59,639 shares of the business services provider's stock after purchasing an additional 4,483 shares during the period. LPL Financial LLC owned approximately 0.11% of Clean Harbors worth $13,725,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP grew its position in Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider's stock valued at $834,323,000 after purchasing an additional 100,394 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Clean Harbors by 0.5% in the 3rd quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider's stock valued at $386,477,000 after acquiring an additional 7,948 shares in the last quarter. State Street Corp increased its position in shares of Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider's stock valued at $365,070,000 after acquiring an additional 21,662 shares during the last quarter. Geode Capital Management LLC raised its holdings in Clean Harbors by 1.4% during the third quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider's stock worth $204,955,000 after acquiring an additional 11,808 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Clean Harbors by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 444,961 shares of the business services provider's stock valued at $102,403,000 after purchasing an additional 4,625 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CLH shares. BMO Capital Markets dropped their price objective 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. Truist Financial cut their price target 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, February 20th. Robert W. Baird decreased their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Finally, StockNews.com cut Clean Harbors from a "buy" rating to a "hold" rating in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Clean Harbors presently has a consensus rating of "Moderate Buy" and a consensus price target of $266.56.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 308 shares of the business's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now owns 12,226 shares of the company's stock, valued at $2,922,503.04. The trade was a 2.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares in the company, valued at $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. Over the last 90 days, insiders sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is owned by company insiders.

Clean Harbors Stock Performance

CLH stock traded down $2.91 during mid-day trading on Monday, hitting $186.39. 871,523 shares of the company were exchanged, compared to its average volume of 334,309. Clean Harbors, Inc. has a 1-year low of $179.42 and a 1-year high of $267.11. The business has a 50 day simple moving average of $211.43 and a 200-day simple moving average of $233.41. 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 stock has a market capitalization of $10.04 billion, a PE ratio of 25.12 and a beta of 1.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the company posted $1.82 EPS. The firm's quarterly revenue was up 6.9% on a year-over-year basis. On average, equities analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

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.