Stifel Financial Corp Has $20.30 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Stifel Financial Corp reduced its stake in Clean Harbors, Inc. (NYSE:CLH) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 83,975 shares of the business services provider’s stock after selling 4,301 shares during the quarter. Stifel Financial Corp owned about 0.16% of Clean Harbors worth $20,298,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CLH. Innealta Capital LLC acquired a new stake in Clean Harbors during the 2nd quarter worth about $25,000. UMB Bank n.a. boosted its position in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Clean Harbors during the second quarter worth approximately $56,000. Prospera Private Wealth LLC bought a new stake in Clean Harbors in the third quarter worth approximately $56,000. Finally, CENTRAL TRUST Co boosted its holdings in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after buying an additional 160 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Clean Harbors news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now owns 39,160 shares of the company’s stock, valued at $9,403,882.40. This trade represents a 1.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,447 shares of company stock valued at $4,576,829 in the last three months. 5.90% of the stock is currently owned by insiders.

Clean Harbors Price Performance

Shares of NYSE CLH opened at $240.92 on Tuesday. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The firm’s 50-day simple moving average is $252.06 and its 200 day simple moving average is $238.45. The stock has a market cap of $12.99 billion, a price-to-earnings ratio of 31.37 and a beta of 1.22. Clean Harbors, Inc. has a fifty-two week low of $161.39 and a fifty-two week high of $267.11.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CLH shares. Truist Financial lifted their price objective on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Oppenheimer lifted their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, October 21st. Robert W. Baird dropped their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Needham & Company LLC dropped their price target on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $269.33.

About Clean Harbors

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.