PNC Financial Services Group Inc. Has $1.07 Million Position in Clean Harbors, Inc. (NYSE:CLH)

PNC Financial Services Group Inc. cut its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 85.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,664 shares of the business services provider's stock after selling 28,491 shares during the period. PNC Financial Services Group Inc.'s holdings in Clean Harbors were worth $1,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Allworth Financial LP increased its holdings in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after buying an additional 103 shares during the last quarter. Assetmark Inc. increased its holdings in Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after buying an additional 205 shares during the last quarter. Prospera Private Wealth LLC acquired a new position in Clean Harbors during the third quarter worth $56,000. UMB Bank n.a. increased its holdings in Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock worth $64,000 after buying an additional 66 shares during the last quarter. Finally, TD Private Client Wealth LLC increased its holdings in Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider's stock worth $70,000 after buying an additional 87 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other Clean Harbors news, CFO Eric J. Dugas bought 1,050 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Speights sold 2,725 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Performance

Shares of Clean Harbors stock traded up $1.50 during trading on Thursday, reaching $198.26. The company's stock had a trading volume of 490,298 shares, compared to its average volume of 316,272. The business's 50-day moving average price is $221.86 and its 200-day moving average price is $237.29. The firm has a market cap of $10.68 billion, a PE ratio of 26.72 and a beta of 1.22. Clean Harbors, Inc. has a 52 week low of $186.54 and a 52 week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the business posted $1.82 earnings per share. Clean Harbors's revenue was up 6.9% compared to the same quarter last year. Equities analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CLH. Robert W. Baird lowered their target price on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Truist Financial reduced their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. TD Cowen assumed coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a "buy" rating and a $325.00 price objective for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Finally, BMO Capital Markets reduced their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $266.56.

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.