Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Hilton Capital Management LLC

Hilton Capital Management LLC reduced its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 13.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,954 shares of the business services provider's stock after selling 2,117 shares during the quarter. Hilton Capital Management LLC's holdings in Clean Harbors were worth $3,373,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in CLH. Swedbank AB raised its stake in shares of Clean Harbors by 83.3% in the second quarter. Swedbank AB now owns 110,000 shares of the business services provider's stock valued at $24,876,000 after acquiring an additional 50,000 shares during the last quarter. Driehaus Capital Management LLC raised its holdings in shares of Clean Harbors by 17.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider's stock valued at $28,000,000 after purchasing an additional 18,058 shares during the period. Bridges Investment Management Inc. acquired a new position in shares of Clean Harbors during the 2nd quarter worth approximately $729,000. Advisor Resource Council acquired a new position in shares of Clean Harbors during the 3rd quarter worth approximately $926,000. Finally, Northcape Capital Pty Ltd acquired a new stake in shares of Clean Harbors during the 3rd quarter worth approximately $2,324,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CLH. Needham & Company LLC dropped their price objective on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a research note on Thursday, October 31st. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. Truist Financial boosted their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Thursday, October 31st. Stifel Nicolaus reissued a "buy" rating and set a $275.00 target price (up from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. Finally, Oppenheimer upped their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research report on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $254.33.

Clean Harbors Stock Up 0.3 %

NYSE:CLH traded up $0.71 on Wednesday, reaching $247.47. 245,534 shares of the stock traded hands, compared to its average volume of 297,000. The company's fifty day simple moving average is $249.34 and its 200 day simple moving average is $234.46. Clean Harbors, Inc. has a 12 month low of $158.42 and a 12 month high of $267.11. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 32.11 and a beta of 1.20. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The firm had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same period in the prior year, the firm earned $1.68 EPS. Clean Harbors's revenue for the quarter was up 12.0% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 7.29 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other news, insider Robert Speights sold 610 shares of the company's stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eric W. Gerstenberg sold 6,051 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $250.42, for a total transaction of $1,515,291.42. Following the completion of the sale, the chief executive officer now directly owns 55,657 shares of the company's stock, valued at approximately $13,937,625.94. This trade represents a 9.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,586 shares of company stock valued at $4,351,841 over the last 90 days. 5.90% of the stock is owned by corporate insiders.

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.