Raymond James Financial Advisors Increases Investment in Clean Harbors as Company Shows Promising Growth

Financial Advisors

The stock market is full of volatility and often baffles investors. It takes a great deal of effort and expertise to identify investment opportunities that offer a sure return. One example is Raymond James Financial Services Advisors’ recent holding of Clean Harbors (NYSE:CLH). Raymond James increased his stock by a staggering 227.4% in the fourth quarter of fiscal 2020, according to a statement recently disclosed to the SEC. The company purchased an additional 35,844 shares of Clean Harbors shares during the reporting period, bringing the total to 35,844 shares. Holds 51,605 shares.

Raymond James Financial Services Advisors owns a 0.10% stake in Clean Harbors, valued at $5,889,000 at the end of the fourth quarter, according to data released by the Securities and Exchange Commission (SEC). was a dollar.

Clean Harbors (NYSE:CLH) is a multisectoral, global environmental, energy and industrial services company. Clean Harbors’ environmental services division consists of technical services, field services, industrial services, oil and gas operations, and Safety-Kleen Sustainability Solutions provides products for waste management and recycling solutions.

Clean Harbors recently announced its quarterly results on March 1st of this year. Earnings per share (EPS) for the quarter was reported at $1.44, contrary to consensus expectations. That’s an increase of $0.15 compared to expected EPS of about $1.29, according to various sources.

Compared to the forecasts of professional analysts at various public companies, the company posted strong revenue growth, with fourth-quarter revenue up 14.2% year-on-year and a more focused business model boosting operating margins. clearly shows an increase inMost financial analysts working in this area say the strategy has been delayed and fruitful.

CLH’s shares are currently highly valued by analysts, and many investors are expecting an EPS of $6.96 this year, which puts the company on a promising growth trajectory. It will look positive to those who do.

In conclusion, the Clean Harbors case is interesting in terms of investment opportunities and great potential for the stock market, which could bring significant returns to smart investors with insight into the environmental services industry. To have a successful experience in meeting your financial goals, you need to analyze a company’s future trends before investing.


Updated: 2023/05/20

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Clean Harbors, Inc.: Leader in environmental, energy and industrial services

Clean Harbors, Inc.: Company to Watch

Clean Harbors, Inc. (NYSE: CLH) is a leading provider of environmental, energy and industrial services with operations in the United States, Canada, Mexico and Puerto Rico. The company is divided into his two segments. One is environmental services, including technical services, industrial services, field services, oil, gas and lodging businesses. and Safety-Kleen Sustainability Solutions, which offers a range of products and technologies for recycling hazardous waste.

Clean Harbors shares opened Friday at $140.08. The company has a market capitalization of $7.58 billion, with a one-year low of $81.56 and a one-year high of $147.76. With a PER of 17.38 and a beta of 1.38, it shows comparable performance in terms of market dynamics.

Several large investors have recently changed positions in CLH. Institutional investors own 88.13% of the company’s shares, according to a recent Bloomberg.com report.

In related news, insiders Alan S. McKim and Sharon M. Gabriel each sold more than $2 million worth of stock between March and May of this year, sparking speculation among industry analysts. I’m in.

Despite such insider trading, bullish sentiment still surrounds Clean Harbors, with 6 out of 7 analysts giving it a ‘buy’ rating and 1 giving it a ‘hold’ rating. Undeniable. The consensus price target is set at $152.22, and Robert W. Baird has raised his estimate to $165 from an initial $160.

Investors are excited about Clean Harbors’ growth prospects given several factors, including tightening environmental regulations by local governments in some regions and growing global focus on pollution control with green technology. No wonder.

As environmental awareness continues to rise among major companies and stakeholders, the potential for acquisition-driven consolidation within the industry only adds fuel to the fire.

In conclusion, Clean Harbors, Inc. appears poised for continued growth based on global trends that align squarely with our core competencies as a leading provider of environmental, energy and industrial services.

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