Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 51.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,429 shares of the business services provider's stock after selling 13,053 shares during the period. Lmcg Investments LLC's holdings in Clean Harbors were worth $3,004,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CLH. Swedbank AB increased its holdings in Clean Harbors by 83.3% during the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider's stock worth $24,876,000 after purchasing an additional 50,000 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in Clean Harbors in the first quarter valued at approximately $828,000. Driehaus Capital Management LLC lifted its stake in Clean Harbors by 17.1% in the second quarter. Driehaus Capital Management LLC now owns 123,813 shares of the business services provider's stock worth $28,000,000 after acquiring an additional 18,058 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Clean Harbors by 28.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 92,071 shares of the business services provider's stock worth $18,535,000 after acquiring an additional 20,626 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of Clean Harbors by 25.6% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 22,309 shares of the business services provider's stock valued at $4,491,000 after purchasing an additional 4,554 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Analysts Set New Price Targets

CLH has been the subject of a number of analyst reports. Needham & Company LLC lowered their target price 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. Stifel Nicolaus reiterated a "buy" rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Truist Financial boosted their target price on Clean Harbors from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Thursday. The Goldman Sachs Group increased their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a "neutral" rating in a research note on Thursday, August 1st. Finally, StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $254.33.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 308 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total transaction of $80,307.92. Following the completion of the transaction, the director now owns 13,150 shares in the company, valued at approximately $3,428,731. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Michael Louis Battles sold 10,000 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares of the company's stock, valued at $18,955,400.64. This represents 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 firm's stock in a transaction 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 directly owns 13,150 shares of the company's stock, valued at approximately $3,428,731. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,617 shares of company stock valued at $2,613,132. Company insiders own 5.90% of the company's stock.

Clean Harbors Stock Performance

NYSE:CLH traded up $1.74 during trading hours on Friday, reaching $233.00. 574,539 shares of the company's stock were exchanged, compared to its average volume of 295,094. Clean Harbors, Inc. has a 1-year low of $146.66 and a 1-year high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $12.58 billion, a price-to-earnings ratio of 30.34 and a beta of 1.20. The company has a 50-day moving average of $246.34 and a 200 day moving average of $229.26.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). The company had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.68 EPS. Research analysts anticipate that Clean Harbors, Inc. will post 7.64 EPS 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.