Securian Asset Management Inc. Cuts Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Securian Asset Management Inc. lessened its stake in Clean Harbors, Inc. (NYSE:CLH) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,801 shares of the business services provider’s stock after selling 100 shares during the period. Securian Asset Management Inc.’s holdings in Clean Harbors were worth $875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Allworth Financial LP grew its stake in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. grew its stake in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 205 shares during the last quarter. Prospera Private Wealth LLC purchased a new position in Clean Harbors in the third quarter valued at about $56,000. UMB Bank n.a. grew its stake in Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 66 shares during the last quarter. Finally, Spire Wealth Management grew its stake in Clean Harbors by 396.7% in the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 238 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analyst Weigh In

CLH has been the topic of several analyst reports. Robert W. Baird cut their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Oppenheimer lowered their price target on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Truist Financial lowered their price target on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, February 20th. TD Cowen assumed coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price target for the company. Finally, Stifel Nicolaus lowered their price target on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $270.56.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the transaction, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. The trade was a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,649 shares of company stock valued at $738,519. 5.90% of the stock is owned by company insiders.

Clean Harbors Trading Up 1.9 %

Clean Harbors stock opened at $193.11 on Friday. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 52 week low of $186.54 and a 52 week high of $267.11. The company has a market capitalization of $10.40 billion, a price-to-earnings ratio of 26.03 and a beta of 1.22. The stock has a 50-day moving average price of $223.92 and a 200 day moving average price of $238.30.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.82 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

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.