Clean Harbors, Inc. $CLH Shares Sold by Optas LLC

Optas LLC reduced its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 40.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 2,666 shares of the business services provider’s stock after selling 1,822 shares during the period. Optas LLC’s holdings in Clean Harbors were worth $764,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Elyxium Wealth LLC acquired a new stake in shares of Clean Harbors during the fourth quarter worth about $26,000. Quattro Advisors LLC acquired a new position in Clean Harbors in the 4th quarter valued at about $26,000. MidFirst Bank acquired a new position in Clean Harbors in the 4th quarter valued at about $28,000. Parkside Financial Bank & Trust raised its stake in Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in Clean Harbors by 676.5% during the 4th quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 115 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CLH. Weiss Ratings downgraded Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 9th. Robert W. Baird upped their price target on Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. TD Cowen increased their price target on Clean Harbors from $320.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $302.00 to $346.00 in a research report on Wednesday, April 8th. Finally, Stifel Nicolaus started coverage on shares of Clean Harbors in a research note on Friday, May 29th. They issued a “buy” rating and a $337.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.23.

Clean Harbors Price Performance

Shares of CLH opened at $291.00 on Friday. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99. The stock’s 50 day moving average is $293.08 and its two-hundred day moving average is $279.47. Clean Harbors, Inc. has a twelve month low of $201.34 and a twelve month high of $316.98. The firm has a market capitalization of $15.38 billion, a PE ratio of 39.43 and a beta of 0.86.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts anticipate that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the sale, the director owned 11,359 shares of the company’s stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.00% 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.