Corient Private Wealth LLC Reduces Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Corient Private Wealth LLC lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 90.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,763 shares of the business services provider's stock after selling 46,629 shares during the quarter. Corient Private Wealth LLC's holdings in Clean Harbors were worth $1,096,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CLH. Reliant Investment Management LLC purchased a new stake in shares of Clean Harbors during the 4th quarter worth approximately $4,386,000. Fiduciary Alliance LLC bought a new position in Clean Harbors during the fourth quarter valued at $846,000. Mountain Pacific Investment Advisers LLC increased its position in Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock worth $22,793,000 after buying an additional 4,240 shares during the last quarter. Barclays PLC raised its stake in shares of Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock valued at $6,781,000 after buying an additional 8,639 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Clean Harbors during the 3rd quarter valued at $2,192,000. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CLH. StockNews.com upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Needham & Company LLC reissued a "buy" rating and issued a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. The Goldman Sachs Group cut their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. TD Cowen assumed coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a "buy" rating and a $325.00 target price on the stock. Finally, Robert W. Baird cut their price target on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. One investment 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 MarketBeat.com, Clean Harbors currently has a consensus rating of "Buy" and an average price target of $266.56.

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Clean Harbors Price Performance

NYSE:CLH traded down $2.19 during trading hours on Friday, hitting $197.24. 421,837 shares of the company's stock traded hands, compared to its average volume of 325,529. Clean Harbors, Inc. has a 52 week low of $186.54 and a 52 week high of $267.11. The business's fifty day simple moving average is $216.86 and its two-hundred day simple moving average is $235.37. 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 has a market cap of $10.62 billion, a P/E ratio of 26.58 and a beta of 1.22.

Clean Harbors (NYSE:CLH - Get Free Report) last released 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. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter last year, the firm posted $1.82 EPS. The company's revenue was up 6.9% compared to the same quarter last year. On average, research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the sale, the director now owns 12,226 shares in the company, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Robert Speights sold 2,725 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $7,619,123.52. The trade was 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 worth $663,041 over the last three months. 5.90% of the stock is owned by insiders.

About Clean Harbors

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.