Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 86,508 shares of the business services provider's stock after selling 7,764 shares during the period. Legal & General Group Plc owned about 0.16% of Clean Harbors worth $19,909,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Reliant Investment Management LLC bought a new stake in shares of Clean Harbors during the 4th quarter valued at $4,386,000. Fiduciary Alliance LLC purchased a new position in shares of Clean Harbors in the fourth quarter valued at about $846,000. Mountain Pacific Investment Advisers LLC grew its position in shares of Clean Harbors by 4.5% during 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 purchasing an additional 4,240 shares in the last quarter. Barclays PLC raised its stake in Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock valued at $6,781,000 after purchasing an additional 8,639 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Clean Harbors by 17.8% in the 4th quarter. Versant Capital Management Inc now owns 384 shares of the business services provider's stock worth $88,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. Oppenheimer decreased their target price on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. StockNews.com cut Clean Harbors from a "buy" rating to a "hold" rating in a report on Thursday, April 10th. BMO Capital Markets cut their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, The Goldman Sachs Group lowered their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $260.40.

Remove Ads

Clean Harbors Stock Up 1.8 %

Shares of CLH traded up $3.57 during trading hours on Tuesday, hitting $205.99. The company had a trading volume of 654,301 shares, compared to its average volume of 341,895. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The company's fifty day moving average price is $204.94 and its two-hundred day moving average price is $230.79. The company has a market capitalization of $11.09 billion, a PE ratio of 27.76 and a beta of 1.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

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 analysts' consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $1.82 EPS. As a group, equities analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the sale, the director now directly owns 11,918 shares in the company, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Eric J. Dugas purchased 1,050 shares of the company's stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the purchase, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 3,341 shares of company stock worth $663,041. Insiders own 5.90% of the company's stock.

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.