Leeward Investments LLC MA Decreases Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Leeward Investments LLC MA lowered its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 12.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 207,233 shares of the business services provider's stock after selling 30,240 shares during the period. Clean Harbors makes up 2.3% of Leeward Investments LLC MA's holdings, making the stock its largest position. Leeward Investments LLC MA owned approximately 0.38% of Clean Harbors worth $50,090,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Advisor Resource Council bought a new stake in Clean Harbors during the 3rd quarter valued at $926,000. MinichMacGregor Wealth Management LLC raised its stake in shares of Clean Harbors by 1.9% in the 3rd quarter. MinichMacGregor Wealth Management LLC now owns 34,935 shares of the business services provider's stock worth $8,444,000 after buying an additional 655 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Clean Harbors by 2.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 42,955 shares of the business services provider's stock worth $10,383,000 after buying an additional 974 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Clean Harbors by 19.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,812 shares of the business services provider's stock worth $680,000 after buying an additional 454 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Clean Harbors by 11.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 7,003 shares of the business services provider's stock worth $1,693,000 after buying an additional 728 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of recent research reports. Oppenheimer lifted their target price on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. StockNews.com downgraded Clean Harbors from a "strong-buy" rating to a "buy" rating in a report on Thursday, October 31st. Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Truist Financial lifted their price target on Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus restated a "buy" rating and issued a $275.00 target price (up previously from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $254.33.

Insider Buying and Selling

In related news, insider Robert Speights sold 610 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the completion of the transaction, the insider now owns 39,160 shares of the company's stock, valued at approximately $9,403,882.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Robert Speights sold 610 shares of the business's stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares in the company, valued at $9,403,882.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the sale, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,227 shares of company stock valued at $2,759,617. Insiders own 5.90% of the company's stock.

Clean Harbors Stock Performance

Shares of NYSE CLH traded down $0.24 during trading hours on Thursday, hitting $259.43. 331,596 shares of the company's stock were exchanged, compared to its average volume of 298,463. Clean Harbors, Inc. has a 1-year low of $154.33 and a 1-year high of $267.11. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. The stock has a market capitalization of $13.98 billion, a price-to-earnings ratio of 33.65 and a beta of 1.20. The company's 50-day moving average price is $246.52 and its 200-day moving average price is $230.64.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data 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 return on equity of 17.51% and a net margin of 7.19%. The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm posted $1.68 EPS. Clean Harbors's revenue for the quarter was up 12.0% on a year-over-year basis. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.29 earnings per share 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.