Amundi Sells 95,053 Shares of Clean Harbors, Inc. (NYSE:CLH)

Amundi cut its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 86.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,458 shares of the business services provider's stock after selling 95,053 shares during the quarter. Amundi's holdings in Clean Harbors were worth $3,557,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Allworth Financial LP boosted its holdings in shares of Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. lifted its position in Clean Harbors by 10,250.0% in the fourth 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 period. Prospera Private Wealth LLC bought a new position in Clean Harbors during the 3rd quarter valued at $56,000. UMB Bank n.a. increased its position in shares of Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after purchasing an additional 66 shares during the period. Finally, Spire Wealth Management raised its stake in shares of Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock worth $69,000 after buying an additional 238 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

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Clean Harbors Trading Up 0.8 %

Shares of NYSE:CLH traded up $1.50 during midday trading on Thursday, reaching $198.26. The company had a trading volume of 490,298 shares, compared to its average volume of 316,272. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. Clean Harbors, Inc. has a 1-year low of $186.54 and a 1-year high of $267.11. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 26.72 and a beta of 1.22. The company has a fifty day simple moving average of $221.86 and a two-hundred day simple moving average of $237.29.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 16.33% and a net margin of 6.83%. Clean Harbors's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. Research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of the 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 sale, the director now directly owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction dated 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 sale, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,341 shares of company stock valued at $663,041. Corporate insiders own 5.90% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Truist Financial decreased their target price on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus reduced their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research 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. BMO Capital Markets reduced their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $266.56.

About Clean Harbors

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.