Clearbridge Investments LLC Has $265.89 Million Stake in Clean Harbors, Inc. (NYSE:CLH)

Clearbridge Investments LLC cut its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,155,334 shares of the business services provider's stock after selling 36,932 shares during the quarter. Clearbridge Investments LLC owned 2.14% of Clean Harbors worth $265,889,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CLH. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after buying an additional 159 shares during the period. Allworth Financial LP grew its holdings in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. raised its position in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after purchasing an additional 205 shares during the period. Physician Wealth Advisors Inc. bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $56,000. Finally, UMB Bank n.a. boosted its position in Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 90.43% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have issued reports on CLH shares. BMO Capital Markets cut their target price on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus decreased their target price on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a report on Thursday, February 20th. TD Cowen started coverage on Clean Harbors in a research note on Friday, December 6th. They set a "buy" rating and a $325.00 target price on the stock. 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 research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, seven 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 company presently has an average rating of "Moderate Buy" and an average price target of $266.56.

Clean Harbors Price Performance

Clean Harbors stock traded down $6.96 during midday trading on Thursday, hitting $198.97. The company's stock had a trading volume of 241,683 shares, compared to its average volume of 328,110. Clean Harbors, Inc. has a 12 month low of $186.54 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 stock's 50-day moving average price is $214.30 and its 200-day moving average price is $234.56. The company has a market capitalization of $10.72 billion, a PE ratio of 26.82 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results 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. The business had revenue of $1.43 billion during 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 business's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.82 earnings per share. Analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their position. The transaction was disclosed in a document filed 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 dated 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 in the company, valued at approximately $2,726,719.22. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,341 shares of company stock worth $663,041 in the last three months. 5.90% of the stock is currently 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.