Envestnet Asset Management Inc. Has $16.51 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Envestnet Asset Management Inc. cut its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,739 shares of the business services provider's stock after selling 4,836 shares during the quarter. Envestnet Asset Management Inc. owned about 0.13% of Clean Harbors worth $16,510,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CLH. Uniting Wealth Partners LLC purchased a new position in Clean Harbors in the fourth quarter valued at about $978,000. Pitcairn Co. boosted its holdings in Clean Harbors by 2.2% in the 4th quarter. Pitcairn Co. now owns 3,090 shares of the business services provider's stock worth $711,000 after acquiring an additional 67 shares during the period. Trexquant Investment LP raised its stake in shares of Clean Harbors by 59.7% during the fourth quarter. Trexquant Investment LP now owns 13,531 shares of the business services provider's stock valued at $3,114,000 after purchasing an additional 5,057 shares during the period. Franklin Resources Inc. boosted its stake in shares of Clean Harbors by 17.1% in the fourth quarter. Franklin Resources Inc. now owns 240,460 shares of the business services provider's stock valued at $55,339,000 after purchasing an additional 35,165 shares during the period. Finally, Wellington Management Group LLP increased its stake in Clean Harbors by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after buying an additional 592,341 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Price Performance

NYSE CLH traded up $2.50 on Friday, reaching $207.25. 348,494 shares of the stock traded hands, compared to its average volume of 345,169. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm's fifty day simple moving average is $203.26 and its 200 day simple moving average is $230.05. The company has a market cap of $11.23 billion, a price-to-earnings ratio of 27.93 and a beta of 1.11.

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, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $1.82 EPS. The company's revenue was up 6.9% compared to the same quarter last year. As a group, research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In related news, CFO Eric J. Dugas acquired 1,050 shares of the stock in a transaction dated Monday, March 10th. The shares were acquired 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 in the company, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the transaction, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. 5.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CLH shares. Robert W. Baird dropped their target price on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. Truist Financial reduced their price target on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Oppenheimer lowered their price objective 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. Finally, StockNews.com downgraded Clean Harbors from a "buy" rating to a "hold" rating in a research note on Friday. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Clean Harbors has an average rating of "Moderate Buy" and an average price target of $260.40.

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.