Stifel Financial Corp Sells 4,301 Shares of Clean Harbors, Inc. (NYSE:CLH)

Stifel Financial Corp cut its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,975 shares of the business services provider's stock after selling 4,301 shares during the period. Stifel Financial Corp owned approximately 0.16% of Clean Harbors worth $20,298,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Quadrature Capital Ltd acquired a new position in shares of Clean Harbors in the 3rd quarter valued at approximately $1,843,000. Quantinno Capital Management LP increased its stake in Clean Harbors by 44.0% in the third quarter. Quantinno Capital Management LP now owns 34,371 shares of the business services provider's stock valued at $8,308,000 after acquiring an additional 10,502 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Clean Harbors during the third quarter worth $998,000. Point72 Asset Management L.P. acquired a new stake in shares of Clean Harbors in the 3rd quarter valued at $17,258,000. Finally, Morse Asset Management Inc acquired a new stake in shares of Clean Harbors in the 3rd quarter valued at $340,000. 90.43% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Speights sold 610 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the sale, the insider now directly owns 39,160 shares of the company's stock, valued at $9,403,882.40. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,447 shares of company stock valued at $4,576,829. 5.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CLH has been the subject of several recent analyst reports. TD Cowen assumed coverage on Clean Harbors in a research report on Friday. They set a "buy" rating and a $325.00 price objective for the company. Needham & Company LLC dropped their target price on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Oppenheimer lifted their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an "outperform" rating in a report on Monday, October 21st. Robert W. Baird dropped their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a research note on Thursday, October 31st. Finally, StockNews.com cut shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $269.33.

Clean Harbors Trading Up 0.7 %

Shares of Clean Harbors stock traded up $1.80 during trading on Tuesday, hitting $242.66. The company's stock had a trading volume of 213,129 shares, compared to its average volume of 295,198. The stock has a market cap of $13.08 billion, a price-to-earnings ratio of 31.37 and a beta of 1.22. Clean Harbors, Inc. has a 52 week low of $161.39 and a 52 week high of $267.11. The stock has a 50-day moving average price of $252.06 and a two-hundred day moving average price of $238.45. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm posted $1.68 EPS. The company's quarterly revenue was up 12.0% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.21 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.