Clean Harbors, Inc. $CLH Shares Sold by LPL Financial LLC

Key Points

• LPL Financial LLC reduced its stake in Clean Harbors, Inc. by 64.1% during the first quarter, holding 21,393 shares worth approximately $4.22 million by the end of the quarter.
• Insider sales included EVP Brian P. Weber selling 3,035 shares valued at about $689,461, while company insiders sold a total of 15,948 shares worth $3.61 million over the last ninety days.
• The stock has received mixed ratings from analysts, with target prices ranging from $240.00 to $268.00, and a consensus rating suggesting a "Moderate Buy".

LPL Financial LLC lessened its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 64.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,393 shares of the business services provider's stock after selling 38,246 shares during the period. LPL Financial LLC's holdings in Clean Harbors were worth $4,217,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Kapitalo Investimentos Ltda purchased a new stake in shares of Clean Harbors during the 4th quarter worth $32,000. Blue Trust Inc. raised its stake in Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after buying an additional 56 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its holdings in Clean Harbors by 2,800.0% during the 4th 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 last quarter. UMB Bank n.a. boosted its position 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 worth $69,000 after acquiring an additional 69 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Clean Harbors by 401.4% in the 1st quarter. Golden State Wealth Management LLC now owns 351 shares of the business services provider's stock valued at $69,000 after acquiring an additional 281 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Activity at Clean Harbors

In related news, Director Alison A. Quirk sold 893 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the transaction, the director directly owned 2,978 shares in the company, valued at approximately $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Louis Battles acquired 2,000 shares of the company's stock in a transaction dated Friday, August 1st. The shares were bought at an average cost of $233.50 per share, with a total value of $467,000.00. Following the purchase, the chief executive officer owned 82,911 shares in the company, valued at approximately $19,359,718.50. The trade was a 2.47% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 15,948 shares of company stock worth $3,611,729 over the last three months. Company insiders own 5.60% of the company's stock.

Clean Harbors Price Performance

CLH traded up $2.57 on Tuesday, hitting $245.00. 23,445 shares of the company were exchanged, compared to its average volume of 419,988. The firm has a market capitalization of $13.14 billion, a P/E ratio of 34.41 and a beta of 1.18. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. The business's fifty day moving average is $232.92 and its 200 day moving average is $220.20. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11.

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

Wall Street Analyst Weigh In

CLH has been the subject of several recent analyst reports. Oppenheimer boosted their target price on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Needham & Company LLC reduced 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. Robert W. Baird increased their target price 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 boosted their price target 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. Finally, Truist Financial cut their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $263.40.

About Clean Harbors

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.