Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Bessemer Group Inc.

Bessemer Group Inc. boosted its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,095,163 shares of the business services provider's stock after buying an additional 9,595 shares during the quarter. Bessemer Group Inc. owned 2.03% of Clean Harbors worth $252,042,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, CFO Eric J. Dugas bought 1,050 shares of the business's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,341 shares of company stock valued at $663,041 over the last 90 days. 5.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on CLH shares. Truist Financial lowered their price objective on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, February 20th. StockNews.com lowered Clean Harbors from a "buy" rating to a "hold" rating in a research report on Thursday. Robert W. Baird decreased their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Oppenheimer dropped their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, UBS Group decreased their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $260.40.

Clean Harbors Stock Performance

Shares of NYSE:CLH traded up $0.95 during trading hours on Monday, hitting $201.25. The stock had a trading volume of 98,493 shares, compared to its average volume of 339,164. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock's fifty day simple moving average is $206.23 and its 200 day simple moving average is $231.21. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 27.12 and a beta of 1.11. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share 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 for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned $1.82 EPS. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Clean Harbors Company 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.