Wellington Management Group LLP Buys 592,341 Shares of Clean Harbors, Inc. (NYSE:CLH)

Wellington Management Group LLP increased its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 17.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,044,092 shares of the business services provider's stock after purchasing an additional 592,341 shares during the period. Wellington Management Group LLP owned 7.51% of Clean Harbors worth $930,707,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA raised its position in shares of Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after acquiring an additional 697,630 shares during the last quarter. Norges Bank bought a new stake in Clean Harbors during the 4th quarter worth about $136,974,000. Raymond James Financial Inc. acquired a new position in Clean Harbors during the 4th quarter valued at about $57,956,000. Allianz Asset Management GmbH boosted its stake in shares of Clean Harbors by 50.4% in the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider's stock valued at $68,367,000 after purchasing an additional 99,591 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth approximately $16,525,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Stock Down 4.2 %

NYSE CLH traded down $8.30 during trading hours on Friday, reaching $190.21. 894,665 shares of the company's stock were exchanged, compared to its average volume of 332,161. 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 company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 25.63 and a beta of 1.11. The company's 50-day moving average is $212.46 and its two-hundred day moving average is $233.88. Clean Harbors, Inc. has a one year low of $184.52 and a one year high of $267.11.

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

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred 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 owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 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 in the company, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 3,341 shares of company stock valued at $663,041 in the last 90 days. 5.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CLH has been the topic of several analyst reports. Truist Financial cut their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They issued a "buy" rating and a $325.00 price target on the stock. StockNews.com cut Clean Harbors from a "buy" rating to a "hold" rating in a research note on Tuesday. BMO Capital Markets cut their target price on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Finally, Needham & Company LLC restated a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. Two 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 stock. Based on data from MarketBeat.com, Clean Harbors currently has a consensus rating of "Moderate Buy" and an average target price of $266.56.

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.