Corebridge Financial Inc. Decreases Position in Clean Harbors, Inc. (NYSE:CLH)

Corebridge Financial Inc. decreased its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,331 shares of the business services provider's stock after selling 2,665 shares during the quarter. Corebridge Financial Inc. owned 0.11% of Clean Harbors worth $13,194,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pathstone Holdings LLC boosted its holdings in shares of Clean Harbors by 1.3% in the 3rd quarter. Pathstone Holdings LLC now owns 5,893 shares of the business services provider's stock worth $1,424,000 after purchasing an additional 73 shares during the period. Meridian Wealth Management LLC bought a new position in Clean Harbors during the third quarter valued at $237,000. Cerity Partners LLC lifted its holdings in shares of Clean Harbors by 30.6% in the 3rd quarter. Cerity Partners LLC now owns 15,277 shares of the business services provider's stock worth $3,693,000 after acquiring an additional 3,580 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Clean Harbors during the 3rd quarter worth about $919,000. Finally, Bank of Montreal Can grew its holdings in Clean Harbors by 11.1% during the 3rd quarter. Bank of Montreal Can now owns 40,629 shares of the business services provider's stock valued at $9,687,000 after purchasing an additional 4,060 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other Clean Harbors news, CFO Eric J. Dugas purchased 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares of the company's stock, valued at $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 link. Also, insider Robert Speights sold 2,725 shares of the firm'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 value of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares in the company, valued at approximately $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. In the last 90 days, insiders have sold 3,341 shares of company stock worth $663,041. Corporate insiders own 5.90% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. StockNews.com raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. The Goldman Sachs Group reduced their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Truist Financial lowered their price target on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. Finally, Stifel Nicolaus lowered their target price on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $266.56.

Clean Harbors Stock Performance

Shares of Clean Harbors stock traded down $2.19 during trading on Friday, hitting $197.24. 421,837 shares of the company's stock were exchanged, compared to its average volume of 325,529. The stock has a market capitalization of $10.62 billion, a price-to-earnings ratio of 26.58 and a beta of 1.22. The business has a 50-day simple moving average of $216.86 and a 200-day simple moving average of $235.37. Clean Harbors, Inc. has a 52-week low of $186.54 and a 52-week high of $267.11. 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 (NYSE:CLH - Get Free Report) last released its quarterly earnings data 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%. The company's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $1.82 EPS. On average, research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

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.