Farther Finance Advisors LLC Sells 306 Shares of Clean Harbors, Inc. (NYSE:CLH)

Farther Finance Advisors LLC trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 16.4% in the fourth quarter, Holdings Channel reports. The fund owned 1,557 shares of the business services provider’s stock after selling 306 shares during the quarter. Farther Finance Advisors LLC’s holdings in Clean Harbors were worth $358,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP lifted its position in shares of Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares during the last quarter. FMR LLC increased its position in Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after buying an additional 187,140 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Clean Harbors by 0.5% during the third quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock worth $386,477,000 after buying an additional 7,948 shares during the last quarter. State Street Corp boosted 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 period. Finally, Geode Capital Management LLC grew its stake in shares of Clean Harbors by 1.4% in 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 during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLH has been the subject of several research analyst reports. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research note on Wednesday, March 5th. Truist Financial cut their price objective 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 decreased their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Robert W. Baird cut their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, TD Cowen assumed coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $270.56.

Clean Harbors Trading Up 0.4 %

Shares of CLH opened at $193.71 on Tuesday. 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 cap of $10.43 billion, a PE ratio of 26.11 and a beta of 1.22. Clean Harbors, Inc. has a 1 year low of $186.54 and a 1 year high of $267.11. The stock has a 50 day simple moving average of $223.19 and a 200-day simple moving average of $237.94.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the business earned $1.82 earnings per share. The business’s revenue was up 6.9% on a year-over-year basis. On average, sell-side analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction 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 completion of the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,341 shares of company stock valued at $663,041 in the last ninety days. Insiders own 5.90% of the company’s stock.

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.