Clean Harbors, Inc. (NYSE:CLH) Shares Bought by MinichMacGregor Wealth Management LLC

MinichMacGregor Wealth Management LLC lifted its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,717 shares of the business services provider’s stock after acquiring an additional 782 shares during the period. Clean Harbors comprises approximately 1.7% of MinichMacGregor Wealth Management LLC’s holdings, making the stock its 27th largest holding. MinichMacGregor Wealth Management LLC’s holdings in Clean Harbors were worth $8,220,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock worth $52,000 after purchasing an additional 83 shares during the period. Prospera Private Wealth LLC acquired a new stake in Clean Harbors in the third quarter worth $56,000. CENTRAL TRUST Co boosted its holdings in shares of Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 160 shares during the period. TD Private Client Wealth LLC grew its position in shares of Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after acquiring an additional 87 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Clean Harbors by 19.1% in the 3rd quarter. Blue Trust Inc. now owns 381 shares of the business services provider’s stock worth $86,000 after acquiring an additional 61 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Trading Down 1.1 %

Shares of NYSE CLH opened at $243.45 on Thursday. The firm has a market capitalization of $13.12 billion, a PE ratio of 31.70 and a beta of 1.24. Clean Harbors, Inc. has a one year low of $167.28 and a one year high of $267.11. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The business has a 50-day moving average price of $241.44 and a two-hundred day moving average price of $241.58.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 EPS. As a group, analysts predict that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on CLH shares. TD Cowen started coverage on shares of Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price for the company. Robert W. Baird lowered their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. 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, January 16th. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Finally, Oppenheimer upped their price objective on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday, January 13th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Clean Harbors has an average rating of “Buy” and an average price target of $269.44.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $249.78, for a total value of $76,932.24. Following the completion of the sale, the director now directly owns 12,842 shares of the company’s stock, valued at approximately $3,207,674.76. This represents a 2.34 % 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 this hyperlink. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the sale, the chief executive officer now owns 55,657 shares in the company, valued at $13,937,625.94. This represents a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,446 shares of company stock valued at $2,112,800. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Company 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.