Stifel Financial Corp Increases Stake in Clean Harbors, Inc. (NYSE:CLH)

by · The Cerbat Gem

Stifel Financial Corp increased its holdings in Clean Harbors, Inc. (NYSE:CLH – Free Report) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,390 shares of the business services provider’s stock after purchasing an additional 415 shares during the quarter. Stifel Financial Corp’s holdings in Clean Harbors were worth $19,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Reliant Investment Management LLC bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $4,386,000. Fiduciary Alliance LLC bought a new stake in Clean Harbors in the fourth quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC boosted its stake in shares of Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after purchasing an additional 4,240 shares during the period. Barclays PLC grew its holdings in shares of Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after purchasing an additional 8,639 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Clean Harbors by 17.8% in the fourth quarter. Versant Capital Management Inc now owns 384 shares of the business services provider’s stock worth $88,000 after buying an additional 58 shares during the period. 90.43% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Robert Speights sold 2,725 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Eric J. Dugas acquired 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The shares were purchased at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. The trade was a 4.53 % increase in their position. The disclosure for this purchase can be found here. 5.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CLH shares. BMO Capital Markets cut their price target on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Truist Financial lowered their price target on Clean Harbors from $270.00 to $250.00 and set a “buy” rating for the company in a research report on Tuesday. Robert W. Baird dropped their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Finally, Oppenheimer dropped their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.40.

View Our Latest Stock Report on CLH

Clean Harbors Trading Up 0.1 %

NYSE CLH opened at $212.25 on Friday. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock’s fifty day moving average price is $201.24 and its 200-day moving average price is $228.88. The stock has a market cap of $11.50 billion, a P/E ratio of 28.61 and a beta of 1.11.

Clean Harbors (NYSE:CLH – Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. Clean Harbors’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $1.82 EPS. As a group, equities analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Clean Harbors Profile

(Free Report)

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.

See Also

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