Alliancebernstein L.P. Sells 2,931 Shares of Clean Harbors, Inc. (NYSE:CLH)

Alliancebernstein L.P. lessened its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,913 shares of the business services provider's stock after selling 2,931 shares during the period. Alliancebernstein L.P. owned about 0.12% of Clean Harbors worth $15,399,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CLH. Skandinaviska Enskilda Banken AB publ increased its position in Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP lifted its holdings in Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. raised its position in shares of Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after purchasing an additional 205 shares during the period. Physician Wealth Advisors Inc. bought a new stake in shares of Clean Harbors during the 4th quarter worth $56,000. Finally, UMB Bank n.a. grew its position in shares of Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after purchasing an additional 66 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In related news, Director Lauren States sold 308 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the sale, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now directly owns 40,008 shares of the company's stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,341 shares of company stock valued at $663,041 over the last three months. Insiders own 5.90% of the company's stock.

Clean Harbors Stock Up 0.3 %

CLH traded up $0.55 during trading hours on Monday, hitting $200.85. 15,611 shares of the company's stock were exchanged, compared to its average volume of 338,886. The stock's 50-day moving average is $206.23 and its two-hundred day moving average is $231.21. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The stock has a market cap of $10.82 billion, a price-to-earnings ratio of 27.07 and a beta of 1.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the firm posted $1.82 earnings per share. The business's quarterly revenue was up 6.9% compared to the same quarter last year. Sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CLH. BMO Capital Markets reduced their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group lowered their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. UBS Group reduced their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday. Oppenheimer dropped their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Finally, Stifel Nicolaus dropped their price objective on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average target price of $260.40.

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.