Invesco Ltd. Has $365.48 Million Position in Clean Harbors, Inc. (NYSE:CLH)

Invesco Ltd. trimmed its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,588,075 shares of the business services provider's stock after selling 174,466 shares during the quarter. Invesco Ltd. owned approximately 2.95% of Clean Harbors worth $365,480,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Traynor Capital Management Inc. lifted its position in Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock worth $334,000 after buying an additional 50 shares during the period. Williamson Legacy Group LLC boosted its position in Clean Harbors by 1.4% during the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock worth $858,000 after purchasing an additional 53 shares during the period. GAMMA Investing LLC grew its stake in shares of Clean Harbors by 10.1% in the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider's stock valued at $142,000 after buying an additional 57 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Clean Harbors by 17.8% during the 4th quarter. Versant Capital Management Inc now owns 384 shares of the business services provider's stock valued at $88,000 after buying an additional 58 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Clean Harbors by 15.7% in the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider's stock worth $107,000 after acquiring an additional 60 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the firm's 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 directly owns 40,008 shares of the company's stock, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Wednesday, January 15th. The shares were 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 approximately $2,922,503.04. This trade represents a 2.46 % 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 in the last ninety days. 5.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

CLH has been the subject of a number of research analyst reports. The Goldman Sachs Group dropped their price target on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. Stifel Nicolaus cut their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Truist Financial dropped their price target on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, UBS Group decreased their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $260.40.

Clean Harbors Stock Up 1.2 %

Clean Harbors stock traded up $2.53 during mid-day trading on Tuesday, hitting $204.95. The company's stock had a trading volume of 253,741 shares, compared to its average volume of 340,143. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a market cap of $11.04 billion, a PE ratio of 27.62 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The firm's 50 day moving average is $205.55 and its 200 day moving average is $230.96.

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

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.