Asset Management One Co. Ltd. Boosts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Asset Management One Co. Ltd. grew its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 99.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,510 shares of the business services provider's stock after buying an additional 42,555 shares during the quarter. Asset Management One Co. Ltd. owned 0.16% of Clean Harbors worth $19,639,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLH. MGB Wealth Management LLC increased its position in shares of Clean Harbors by 20.1% during the fourth quarter. MGB Wealth Management LLC now owns 4,763 shares of the business services provider's stock worth $1,096,000 after buying an additional 798 shares during the period. Van ECK Associates Corp lifted its stake in Clean Harbors by 8.5% during the 4th quarter. Van ECK Associates Corp now owns 14,028 shares of the business services provider's stock valued at $3,228,000 after acquiring an additional 1,097 shares in the last quarter. Gladstone Institutional Advisory LLC purchased a new position in shares of Clean Harbors in the 4th quarter worth approximately $299,000. Aubrey Capital Management Ltd grew its stake in Clean Harbors by 0.5% in the 4th quarter. Aubrey Capital Management Ltd now owns 18,300 shares of the business services provider's stock valued at $4,211,000 after purchasing an additional 100 shares during the period. Finally, Sycomore Asset Management increased its holdings in Clean Harbors by 87.6% during the fourth quarter. Sycomore Asset Management now owns 31,437 shares of the business services provider's stock worth $7,648,000 after buying an additional 14,677 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

CLH has been the subject of several analyst reports. Robert W. Baird cut their price target on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating for the company in a report on Thursday, October 31st. Oppenheimer increased their price target on shares of Clean Harbors from $255.00 to $256.00 and gave the company an "outperform" rating in a research report on Monday, January 13th. Stifel Nicolaus raised their target price on Clean Harbors from $270.00 to $290.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Truist Financial raised 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. Finally, StockNews.com lowered shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Clean Harbors presently has an average rating of "Buy" and a consensus target price of $269.44.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the sale, the director now directly owns 12,226 shares in the company, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Brian P. Weber sold 861 shares of the company's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. This represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,785 shares of company stock valued at $444,558 in the last three months. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Performance

Shares of NYSE:CLH traded down $5.49 during trading on Wednesday, hitting $221.21. The stock had a trading volume of 1,885,387 shares, compared to its average volume of 393,624. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 12-month low of $176.02 and a 12-month high of $267.11. The stock has a market capitalization of $11.92 billion, a price-to-earnings ratio of 28.80 and a beta of 1.24. The stock has a 50-day simple moving average of $235.02 and a two-hundred day simple moving average of $242.45.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. Clean Harbors's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $1.82 EPS. On average, equities research analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal 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.