Shelton Capital Management Reduces Position in Clean Harbors, Inc. (NYSE:CLH)

Shelton Capital Management lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 58.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,994 shares of the business services provider's stock after selling 14,067 shares during the quarter. Shelton Capital Management's holdings in Clean Harbors were worth $2,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Montreal Can increased its position in shares of Clean Harbors by 1.9% during the fourth quarter. Bank of Montreal Can now owns 41,410 shares of the business services provider's stock worth $9,530,000 after purchasing an additional 781 shares in the last quarter. Bell Asset Management Ltd purchased a new position in shares of Clean Harbors in the 4th quarter valued at approximately $6,103,000. Federated Hermes Inc. raised its position in shares of Clean Harbors by 10.2% in the 4th quarter. Federated Hermes Inc. now owns 454,929 shares of the business services provider's stock valued at $104,697,000 after purchasing an additional 42,044 shares during the last quarter. Oribel Capital Management LP boosted its stake in Clean Harbors by 70.7% in the 4th quarter. Oribel Capital Management LP now owns 72,900 shares of the business services provider's stock worth $16,777,000 after purchasing an additional 30,200 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Clean Harbors by 267.1% during the 4th quarter. Russell Investments Group Ltd. now owns 16,220 shares of the business services provider's stock valued at $3,733,000 after purchasing an additional 11,801 shares in the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

Shares of CLH traded up $1.03 during trading hours on Monday, hitting $201.33. The stock had a trading volume of 54,697 shares, compared to its average volume of 338,996. The firm has a 50-day moving average price of $206.23 and a 200 day moving average price of $231.21. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 27.13 and a beta of 1.11. 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 posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.82 EPS. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Upgrades and Downgrades

CLH has been the subject of several research reports. Truist Financial lowered their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Robert W. Baird dropped their price target on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. Stifel Nicolaus dropped their target price on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group cut 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. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $260.40.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,341 shares of company stock valued at $663,041. Company insiders own 5.90% of the company's stock.

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.