Ashton Thomas Private Wealth LLC Sells 10,517 Shares of Clean Harbors, Inc. $CLH

Key Points

• Ashton Thomas Private Wealth LLC significantly reduced its stake in Clean Harbors, Inc. by 71.9% during the first quarter, now holding 4,107 shares valued at approximately $809,000.
• Multiple large investors, including Oregon Public Employees Retirement Fund and Deutsche Bank AG, have either increased their holdings or adjusted their stakes in Clean Harbors in recent quarters.
• The company has received positive analyst ratings, with a consensus rating of Moderate Buy and an average price target of $263.40, reflecting expectations of continued performance improvement.

Ashton Thomas Private Wealth LLC cut its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 71.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,107 shares of the business services provider's stock after selling 10,517 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Clean Harbors were worth $809,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Clean Harbors by 30.9% during the first quarter. Wellington Management Group LLP now owns 5,293,796 shares of the business services provider's stock valued at $1,043,407,000 after buying an additional 1,249,704 shares during the last quarter. Select Equity Group L.P. boosted its stake in Clean Harbors by 4.8% during the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after buying an additional 80,436 shares in the last quarter. Zurich Insurance Group Ltd FI increased its holdings in Clean Harbors by 21.7% in the 4th quarter. Zurich Insurance Group Ltd FI now owns 520,910 shares of the business services provider's stock valued at $119,882,000 after buying an additional 92,785 shares during the period. Impax Asset Management Group plc raised its stake in shares of Clean Harbors by 11.1% in the 1st quarter. Impax Asset Management Group plc now owns 483,253 shares of the business services provider's stock valued at $94,002,000 after buying an additional 48,447 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Clean Harbors by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 456,426 shares of the business services provider's stock valued at $89,962,000 after buying an additional 11,465 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Clean Harbors

In related news, CEO Michael Louis Battles acquired 2,000 shares of the stock in a transaction on Friday, August 1st. The stock was purchased at an average price of $233.50 per share, for a total transaction of $467,000.00. Following the transaction, the chief executive officer owned 82,911 shares of the company's stock, valued at $19,359,718.50. The trade was a 2.47% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrea Robertson sold 836 shares of the business's stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $233.64, for a total transaction of $195,323.04. Following the completion of the transaction, the director directly owned 9,888 shares of the company's stock, valued at approximately $2,310,232.32. This represents a 7.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Clean Harbors Price Performance

CLH stock traded down $2.52 during midday trading on Friday, reaching $235.98. 242,715 shares of the company's stock traded hands, compared to its average volume of 298,746. The company has a 50-day simple moving average of $237.82 and a two-hundred day simple moving average of $222.19. The company has a quick ratio of 2.07, a current ratio of 2.45 and a debt-to-equity ratio of 1.02. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a market cap of $12.66 billion, a price-to-earnings ratio of 33.14 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, topping the consensus estimate of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%.The company had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.59 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The business's revenue for the quarter was down .2% on a year-over-year basis. On average, analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of analyst reports. BMO Capital Markets set a $268.00 target price on shares of Clean Harbors and gave the company an "outperform" rating in a research note on Thursday, July 31st. UBS Group upped their price objective on Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday, July 31st. Oppenheimer raised their target price on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Finally, Raymond James Financial upped their price target on Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $263.40.

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.