Raymond James Financial Inc. Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Raymond James Financial Inc. acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 251,829 shares of the business services provider's stock, valued at approximately $57,956,000. Raymond James Financial Inc. owned about 0.47% of Clean Harbors at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. raised its holdings 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 during the period. Icon Wealth Advisors LLC lifted its holdings in Clean Harbors by 8.4% in the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider's stock worth $140,000 after acquiring an additional 45 shares during the last quarter. Traynor Capital Management Inc. boosted its stake in 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 valued at $334,000 after acquiring an additional 50 shares during the period. CIBC Asset Management Inc grew its holdings in shares of 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. Finally, Williamson Legacy Group LLC raised its position in shares of Clean Harbors by 1.4% during the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock worth $858,000 after purchasing an additional 53 shares during the period. Institutional investors and hedge funds own 90.43% of the company's stock.

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Analyst Ratings Changes

A number of research analysts recently commented on the company. StockNews.com upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research note on Wednesday, March 5th. Robert W. Baird cut their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Truist Financial decreased 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 report on Thursday, February 20th. BMO Capital Markets cut their price target on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, Oppenheimer decreased their price objective on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Clean Harbors currently has a consensus rating of "Buy" and a consensus price target of $270.56.

Insider Buying and Selling

In other news, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were 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 directly owns 40,008 shares of the company's stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the transaction, the director now directly owns 12,534 shares in the company, valued at $3,071,582.04. The trade was a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,649 shares of company stock valued at $738,519. Company insiders own 5.90% of the company's stock.

Clean Harbors Price Performance

Shares of CLH traded up $3.51 during mid-day trading on Friday, hitting $193.11. The company's stock had a trading volume of 467,571 shares, compared to its average volume of 316,207. Clean Harbors, Inc. has a fifty-two week low of $186.54 and a fifty-two week high of $267.11. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of 26.03 and a beta of 1.22. The firm has a 50-day moving average price of $225.50 and a 200 day moving average price of $239.04. 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 posted 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. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. On average, research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.