Clean Harbors, Inc. $CLH Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in Clean Harbors, Inc. (NYSE:CLH) by 57.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,384 shares of the business services provider’s stock after selling 36,237 shares during the period. SG Americas Securities LLC’s holdings in Clean Harbors were worth $7,565,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

CLH has been the topic of several research analyst reports. Wells Fargo & Company raised their target price on Clean Harbors from $309.00 to $313.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Stifel Nicolaus started coverage on Clean Harbors in a report on Friday, May 29th. They issued a “buy” rating and a $337.00 price target for the company. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and increased their price target for the company from $302.00 to $346.00 in a research note on Wednesday, April 8th. UBS Group raised their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Finally, Weiss Ratings cut shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.23.

Clean Harbors Stock Up 0.8%

Shares of NYSE CLH opened at $301.68 on Friday. The business has a 50-day moving average price of $293.57 and a 200 day moving average price of $277.65. The stock has a market cap of $15.94 billion, a PE ratio of 40.88 and a beta of 0.87. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99. Clean Harbors, Inc. has a 52-week low of $201.34 and a 52-week high of $316.98.

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

Insider Activity

In other news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the transaction, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. The trade was a 6.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company 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.