Marshall Wace LLP Has $76.41 Million Stake in Clean Harbors, Inc. (NYSE:CLH)

Marshall Wace LLP cut its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 332,004 shares of the business services provider's stock after selling 6,326 shares during the quarter. Marshall Wace LLP owned approximately 0.62% of Clean Harbors worth $76,407,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CLH. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after acquiring an additional 159 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. raised its position in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after purchasing an additional 205 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in Clean Harbors during the 4th quarter worth $56,000. Finally, UMB Bank n.a. boosted its position in Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after buying an additional 66 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Trading Up 1.2 %

Shares of CLH stock traded up $2.50 on Friday, hitting $207.25. The stock had a trading volume of 348,494 shares, compared to its average volume of 345,169. The firm has a market cap of $11.23 billion, a P/E ratio of 27.93 and a beta of 1.11. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a fifty day moving average price of $203.26 and a two-hundred day moving average price of $230.05.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. The firm 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 company's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 earnings per share. As a group, analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Eric J. Dugas purchased 1,050 shares of the business's stock in a transaction dated Monday, March 10th. The shares were bought at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. 5.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Truist Financial cut their price target on Clean Harbors from $280.00 to $270.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus cut their target price on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. BMO Capital Markets cut their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, The Goldman Sachs Group lowered their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $260.40.

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.