Clean Harbors, Inc. $CLH Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC cut its stake in Clean Harbors, Inc. (NYSE:CLH) by 20.7% in the third quarter, Holdings Channel.com reports. The firm owned 39,541 shares of the business services provider’s stock after selling 10,312 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Clean Harbors were worth $9,182,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CLH. Root Financial Partners LLC acquired a new position in Clean Harbors during the third quarter worth $30,000. Golden State Wealth Management LLC raised its holdings in shares of Clean Harbors by 145.3% during the 2nd quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock worth $43,000 after acquiring an additional 109 shares during the period. Bayforest Capital Ltd acquired a new position in shares of Clean Harbors during the 3rd quarter valued at about $44,000. First Horizon Corp purchased a new stake in shares of Clean Harbors in the third quarter valued at about $44,000. Finally, SJS Investment Consulting Inc. increased its position in Clean Harbors by 2,985.7% during the third quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock worth $50,000 after purchasing an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on CLH shares. Wells Fargo & Company boosted their target price on shares of Clean Harbors from $248.00 to $291.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. Barclays lifted their price target on shares of Clean Harbors from $230.00 to $280.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. CJS Securities upgraded Clean Harbors to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research upgraded Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Finally, Needham & Company LLC upped their price target on Clean Harbors from $290.00 to $308.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $292.18.

Clean Harbors Stock Down 1.5%

Shares of NYSE CLH opened at $292.75 on Thursday. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $263.57 and its two-hundred day moving average is $242.81. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $298.12. The firm has a market cap of $15.49 billion, a price-to-earnings ratio of 40.21 and a beta of 0.93.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.59 by $0.03. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.46 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the business posted $1.55 earnings per share. Research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Transactions at Clean Harbors

In other news, EVP Sharon M. Gabriel sold 3,540 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $282.07, for a total value of $998,527.80. Following the completion of the transaction, the executive vice president owned 23,193 shares of the company’s stock, valued at approximately $6,542,049.51. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John R. Welch sold 750 shares of Clean Harbors stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $273.07, for a total transaction of $204,802.50. Following the completion of the transaction, the director owned 10,237 shares of the company’s stock, valued at $2,795,417.59. This trade represents a 6.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,679 shares of company stock valued at $2,132,403. Insiders own 5.60% of the company’s stock.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.