Clean Harbors, Inc. (NYSE:CLH) Shares Sold by M.D. Sass LLC

M.D. Sass LLC lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 278,358 shares of the business services provider's stock after selling 46,560 shares during the quarter. Clean Harbors comprises about 4.8% of M.D. Sass LLC's portfolio, making the stock its 6th largest position. M.D. Sass LLC owned about 0.52% of Clean Harbors worth $64,061,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in CLH. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP raised its stake in shares of Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after buying an additional 103 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares during the period. UMB Bank n.a. boosted its stake in shares of Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock worth $64,000 after buying an additional 66 shares during the last quarter. Finally, Spire Wealth Management grew its holdings in Clean Harbors by 396.7% during the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock worth $69,000 after acquiring an additional 238 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

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Wall Street Analyst Weigh In

A number of research analysts have issued reports on CLH shares. Stifel Nicolaus decreased their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a report on Thursday, February 20th. The Goldman Sachs Group lowered their price target on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. BMO Capital Markets cut their price objective 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. StockNews.com upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Wednesday, March 19th. Finally, Oppenheimer reduced their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $266.56.

Clean Harbors Trading Down 1.1 %

Shares of NYSE CLH traded down $2.19 during trading on Friday, hitting $197.24. 421,837 shares of the company were exchanged, compared to its average volume of 325,529. Clean Harbors, Inc. has a 12-month low of $186.54 and a 12-month high of $267.11. The firm has a market capitalization of $10.62 billion, a PE ratio of 26.58 and a beta of 1.22. The company has a fifty day moving average price of $216.86 and a 200-day moving average price of $235.40. 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 posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share 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 analysts' expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 EPS. As a group, equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now owns 12,226 shares of the company's stock, valued at $2,922,503.04. This trade represents a 2.46 % 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, insider Robert Speights sold 2,725 shares of the business'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 transaction of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,341 shares of company stock valued at $663,041 over the last quarter. 5.90% of the stock is owned by insiders.

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.