Cwm LLC Decreases Position in Clean Harbors, Inc. (NYSE:CLH)

Key Points

• Cwm LLC reduced its stake in Clean Harbors, Inc. by 53.4%, now holding only 1,053 shares valued at approximately $208,000.
• Analysts have mixed views on the stock, with price targets ranging from $205.00 to $278.00, and a consensus rating of "Moderate Buy".
• Insider selling was noted, with EVP Brian P. Weber selling 3,035 shares for about $689,461, indicating a 5.27% reduction in their holdings.

Cwm LLC decreased its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 53.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,053 shares of the business services provider's stock after selling 1,209 shares during the period. Cwm LLC's holdings in Clean Harbors were worth $208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CLH. Kapitalo Investimentos Ltda purchased a new stake in shares of Clean Harbors in the fourth quarter worth about $32,000. Blue Trust Inc. boosted its position in shares of Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after buying an additional 56 shares during the period. Physician Wealth Advisors Inc. purchased a new stake in shares of Clean Harbors in the fourth quarter worth about $56,000. Carolinas Wealth Consulting LLC boosted its position 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 buying an additional 252 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Clean Harbors by 24.6% in the first quarter. UMB Bank n.a. now owns 349 shares of the business services provider's stock worth $69,000 after buying an additional 69 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Activity at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 3,035 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $227.17, for a total transaction of $689,460.95. Following the transaction, the executive vice president owned 54,548 shares of the company's stock, valued at $12,391,669.16. This trade represents a 5.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John R. Welch sold 1,250 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total value of $285,637.50. Following the completion of the sale, the director directly owned 11,402 shares in the company, valued at approximately $2,605,471.02. This trade 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 quarter. 5.60% of the stock is owned by corporate insiders.

Clean Harbors Trading Up 1.9%

NYSE:CLH opened at $235.28 on Monday. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The business's 50 day moving average is $228.82 and its two-hundred day moving average is $219.95. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The company has a market cap of $12.61 billion, a PE ratio of 32.59 and a beta of 1.16.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the business posted $1.29 EPS. Clean Harbors's quarterly revenue was up 4.0% compared to the same quarter last year. On average, analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current 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.

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