Atria Wealth Solutions Inc. Purchases Shares of 1,072 Clean Harbors, Inc. $CLH

Key Points

• Atria Wealth Solutions Inc. acquired a new stake in Clean Harbors, Inc., purchasing 1,072 shares valued at approximately $211,000 during the first quarter.
• Raymond James Financial raised its price target for Clean Harbors shares from $278.00 to $280.00 and assigned a "strong-buy" rating, reflecting positive analyst sentiment towards the stock.
• Insider trading activity included the sale of 3,035 shares by EVP Brian P. Weber, while CEO Michael Louis Battles purchased 2,000 shares, indicating mixed signals from company executives.

Atria Wealth Solutions Inc. acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 1,072 shares of the business services provider's stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its position in Clean Harbors by 0.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock worth $2,044,000 after purchasing an additional 52 shares during the period. Deutsche Bank AG boosted its position in Clean Harbors by 1.0% during the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after purchasing an additional 56 shares during the period. Blue Trust Inc. boosted its position in Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after purchasing an additional 56 shares during the period. Xponance Inc. boosted its position in Clean Harbors by 0.9% in the 1st quarter. Xponance Inc. now owns 6,703 shares of the business services provider's stock valued at $1,321,000 after buying an additional 61 shares during the last quarter. Finally, Benjamin Edwards Inc. boosted its position in Clean Harbors by 1.2% in the 4th quarter. Benjamin Edwards Inc. now owns 5,797 shares of the business services provider's stock valued at $1,334,000 after buying an additional 67 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 1,022 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total value of $233,516.78. Following the transaction, the insider owned 16,310 shares of the company's stock, valued at $3,726,671.90. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John R. Welch sold 1,250 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total transaction of $285,637.50. Following the completion of the transaction, the director directly owned 11,402 shares in the company, valued at $2,605,471.02. This represents a 9.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,948 shares of company stock valued at $3,611,729 over the last ninety days. Insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Raymond James Financial upped their price objective on shares of Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 31st. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Needham & Company LLC decreased their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Oppenheimer upped their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, Clean Harbors has a consensus rating of "Moderate Buy" and an average price target of $263.40.

Clean Harbors Stock Down 0.3%

Shares of CLH stock traded down $0.7950 during trading hours on Wednesday, hitting $244.2450. 66,260 shares of the company were exchanged, compared to its average volume of 418,897. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The business's 50-day simple moving average is $233.33 and its two-hundred day simple moving average is $220.37. The stock has a market capitalization of $13.10 billion, a price-to-earnings ratio of 34.30 and a beta of 1.18.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly 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 net margin of 6.48% and a return on equity of 14.82%. The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.59 billion. During the same quarter last year, the company posted $2.46 earnings per share. The company's quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.