Fmr LLC Has $387.31 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

FMR LLC decreased its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,682,940 shares of the business services provider's stock after selling 64,275 shares during the quarter. FMR LLC owned approximately 3.12% of Clean Harbors worth $387,312,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CLH. Skandinaviska Enskilda Banken AB publ lifted its position 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 worth $38,000 after buying an additional 159 shares during the last quarter. Allworth Financial LP boosted its holdings in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. increased its holdings 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 valued at $48,000 after acquiring an additional 205 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new stake in shares of Clean Harbors in the fourth quarter worth $56,000. Finally, UMB Bank n.a. lifted 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 worth $64,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Remove Ads

Insider Transactions at Clean Harbors

In other Clean Harbors news, CFO Eric J. Dugas purchased 1,050 shares of the business's stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on 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 sale, the director now owns 12,226 shares of the company's stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,341 shares of company stock worth $663,041. Corporate insiders own 5.90% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CLH shares. UBS Group dropped their target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday. 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 research report on Thursday, February 20th. Robert W. Baird decreased 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. Truist Financial decreased their price objective on Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Finally, Oppenheimer cut their target price on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Three investment 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's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $260.40.

Clean Harbors Price Performance

Shares of NYSE CLH traded up $3.52 during midday trading on Tuesday, reaching $205.94. The company's stock had a trading volume of 427,979 shares, compared to its average volume of 340,871. The company has a market cap of $11.09 billion, a P/E ratio of 27.75 and a beta of 1.11. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The business's 50 day moving average price is $205.55 and its two-hundred day moving average price is $230.96.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. Clean Harbors's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.82 earnings per share. On average, analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.