Cannell Capital LLC Acquires 10,355 Shares of Clean Harbors, Inc. (NYSE:CLH)

Cannell Capital LLC boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 17.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,412 shares of the business services provider's stock after purchasing an additional 10,355 shares during the period. Clean Harbors makes up 3.4% of Cannell Capital LLC's portfolio, making the stock its 10th biggest position. Cannell Capital LLC owned 0.13% of Clean Harbors worth $16,435,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Traynor Capital Management Inc. boosted its position in Clean Harbors by 3.6% during the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock valued at $334,000 after purchasing an additional 50 shares during the period. Williamson Legacy Group LLC lifted its stake in Clean Harbors by 1.4% in the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock valued at $858,000 after buying an additional 53 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Clean Harbors by 10.1% during the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider's stock valued at $142,000 after acquiring an additional 57 shares during the period. Versant Capital Management Inc grew its position in shares of Clean Harbors by 17.8% during the fourth quarter. Versant Capital Management Inc now owns 384 shares of the business services provider's stock worth $88,000 after acquiring an additional 58 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Clean Harbors by 15.7% in the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider's stock worth $107,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 90.43% of the company's stock.

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Insider Transactions at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the 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 completion of the transaction, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated 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 transaction, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % 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 in the last three months. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Price Performance

NYSE:CLH traded up $6.14 during mid-day trading on Friday, reaching $200.20. 563,271 shares of the stock were exchanged, compared to its average volume of 340,099. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $10.78 billion, a PE ratio of 26.98 and a beta of 1.11. The business has a fifty day moving average price of $206.23 and a 200 day moving average price of $231.21.

Clean Harbors (NYSE:CLH - Get Free Report) last released its 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. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 earnings per share. Research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on CLH shares. Robert W. Baird decreased their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Truist Financial decreased 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. UBS Group cut their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday. Oppenheimer decreased their price target on 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, Needham & Company LLC restated a "buy" rating and set a $268.00 price objective on shares of Clean Harbors 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.40.

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.