Barclays PLC Boosts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Barclays PLC raised its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 55.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,727 shares of the business services provider's stock after acquiring an additional 15,671 shares during the period. Barclays PLC owned approximately 0.08% of Clean Harbors worth $10,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after buying an additional 11,814 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after acquiring an additional 592,341 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after buying an additional 697,630 shares in the last quarter. Bessemer Group Inc. boosted its holdings in Clean Harbors by 0.9% in the 4th quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider's stock valued at $252,042,000 after purchasing an additional 9,595 shares during the period. Finally, Norges Bank bought a new stake in Clean Harbors during the fourth quarter valued at $136,974,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Stock Performance

Shares of NYSE CLH traded up $0.25 during midday trading on Friday, hitting $212.25. 307,414 shares of the company's stock were exchanged, compared to its average volume of 346,401. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The firm has a market cap of $11.50 billion, a P/E ratio of 28.61 and a beta of 1.11. The stock's 50 day moving average price is $201.24 and its 200-day moving average price is $228.88. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. 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 previous year, the company earned $1.82 earnings per share. The company's revenue was up 6.9% compared to the same quarter last year. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on CLH shares. Stifel Nicolaus lowered their price target on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. UBS Group lowered their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Truist Financial decreased their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, StockNews.com cut shares of Clean Harbors from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $258.40.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas acquired 1,050 shares of Clean Harbors stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Robert Speights sold 2,725 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

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.