Envestnet Portfolio Solutions Inc. Decreases Holdings in Clean Harbors, Inc. (NYSE:CLH)

Envestnet Portfolio Solutions Inc. reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,450 shares of the business services provider’s stock after selling 230 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Clean Harbors were worth $428,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Contravisory Investment Management Inc. purchased a new position in Clean Harbors during the 4th quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Clean Harbors in the 3rd quarter valued at approximately $25,000. C M Bidwell & Associates Ltd. acquired a new stake in Clean Harbors in the 3rd quarter worth approximately $33,000. National Bank of Canada FI purchased a new stake in Clean Harbors during the 4th quarter worth approximately $34,000. Finally, Blue Trust Inc. raised its holdings in shares of Clean Harbors by 52.4% in the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after buying an additional 75 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 7,996 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now owns 62,803 shares of the company’s stock, valued at $12,502,193.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the transaction, the executive vice president now directly owns 62,803 shares in the company, valued at $12,502,193.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,385 shares of company stock worth $6,113,742. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on CLH. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Oppenheimer raised their price objective on Clean Harbors from $178.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 22nd. Raymond James upped their target price on Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a research report on Thursday, May 2nd. BMO Capital Markets lifted their price objective on shares of Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, May 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $235.00 price objective on shares of Clean Harbors in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and a consensus target price of $216.40.

Clean Harbors Stock Down 0.2 %

CLH opened at $215.05 on Thursday. The company has a fifty day moving average of $200.84 and a two-hundred day moving average of $182.59. The stock has a market capitalization of $11.60 billion, a price-to-earnings ratio of 31.12 and a beta of 1.24. Clean Harbors, Inc. has a fifty-two week low of $132.92 and a fifty-two week high of $216.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.72 and a current ratio of 2.07.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.13. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. Clean Harbors’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 EPS. On average, research analysts expect that Clean Harbors, Inc. will post 7.47 earnings per share for the current year.

Clean Harbors Profile

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.