Jackson Square Partners LLC Cuts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Jackson Square Partners LLC trimmed its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 16.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,687 shares of the business services provider's stock after selling 31,678 shares during the quarter. Clean Harbors comprises approximately 3.9% of Jackson Square Partners LLC's holdings, making the stock its 3rd largest position. Jackson Square Partners LLC owned 0.29% of Clean Harbors worth $36,290,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Pathstone Holdings LLC boosted its stake in Clean Harbors by 1.3% during the 3rd quarter. Pathstone Holdings LLC now owns 5,893 shares of the business services provider's stock valued at $1,424,000 after purchasing an additional 73 shares during the period. Meridian Wealth Management LLC bought a new stake in Clean Harbors in the 3rd quarter valued at $237,000. Cerity Partners LLC raised its stake 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 valued at $3,693,000 after buying an additional 3,580 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Clean Harbors during the 3rd quarter worth about $919,000. Finally, Truvestments Capital LLC boosted its position in shares of Clean Harbors by 6.5% during the 3rd quarter. Truvestments Capital LLC now owns 3,831 shares of the business services provider's stock valued at $926,000 after acquiring an additional 233 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

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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 that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now owns 40,008 shares of the company's stock, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lauren States sold 308 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares in the company, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,341 shares of company stock worth $663,041 in the last 90 days. Corporate insiders own 5.90% of the company's stock.

Clean Harbors Trading Down 1.1 %

Shares of NYSE:CLH traded down $2.19 during midday trading on Friday, hitting $197.24. The company had a trading volume of 421,837 shares, compared to its average volume of 325,529. The firm has a fifty day simple moving average of $216.86 and a 200 day simple moving average of $235.40. Clean Harbors, Inc. has a 12 month low of $186.54 and a 12 month high of $267.11. The stock has a market cap of $10.62 billion, a price-to-earnings ratio of 26.58 and a beta of 1.22. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data 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. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the firm posted $1.82 EPS. The firm's revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on CLH. StockNews.com raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Wednesday, March 19th. Oppenheimer dropped their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and issued a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. Robert W. Baird dropped 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. Finally, Truist Financial reduced their target price on Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of "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.