Cerity Partners LLC Cuts Stake in Clean Harbors, Inc. (NYSE:CLH)

Cerity Partners LLC decreased its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 40.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,984 shares of the business services provider's stock after selling 5,323 shares during the period. Cerity Partners LLC's holdings in Clean Harbors were worth $1,574,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CLH. Kapitalo Investimentos Ltda purchased a new position in shares of Clean Harbors in the 4th quarter worth $32,000. Blue Trust Inc. increased its holdings in Clean Harbors by 25.8% in the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after acquiring an additional 56 shares in the last quarter. Physician Wealth Advisors Inc. bought a new position in shares of Clean Harbors in the fourth quarter worth approximately $56,000. Carolinas Wealth Consulting LLC increased its stake in shares of Clean Harbors by 2,800.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock worth $60,000 after purchasing an additional 252 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Clean Harbors by 24.6% during the 1st quarter. UMB Bank n.a. now owns 349 shares of the business services provider's stock valued at $69,000 after buying an additional 69 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CLH. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Truist Financial dropped their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Raymond James Financial cut their price objective on Clean Harbors from $280.00 to $278.00 and set a "strong-buy" rating for the company in a research report on Tuesday. UBS Group lowered their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Robert W. Baird upped their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Clean Harbors has a consensus rating of "Moderate Buy" and a consensus price target of $259.70.

Insider Buying and Selling

In other news, insider Robert Speights sold 1,022 shares of Clean Harbors stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total transaction of $233,516.78. Following the completion of the sale, the insider directly owned 16,310 shares in the company, valued at approximately $3,726,671.90. This trade represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 15,112 shares of company stock worth $3,416,406 over the last ninety days. Corporate insiders own 5.60% of the company's stock.

Clean Harbors Trading Up 0.4%

Shares of Clean Harbors stock traded up $0.85 during trading on Thursday, hitting $230.77. The stock had a trading volume of 105,543 shares, compared to its average volume of 417,964. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. The firm's fifty day simple moving average is $228.71 and its 200-day simple moving average is $219.96. The stock has a market cap of $12.36 billion, a PE ratio of 31.96 and a beta of 1.16.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, sell-side analysts expect 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.