Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 29.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,495 shares of the business services provider's stock after selling 49,645 shares during the period. Principal Financial Group Inc. owned 0.22% of Clean Harbors worth $28,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently modified their holdings of the business. Innealta Capital LLC acquired a new stake in shares of Clean Harbors in the second quarter valued at approximately $25,000. UMB Bank n.a. lifted its stake in Clean Harbors by 63.4% in the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock valued at $52,000 after buying an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Clean Harbors during the 2nd quarter valued at $56,000. Prospera Private Wealth LLC purchased a new position in Clean Harbors during the third quarter worth $56,000. Finally, CENTRAL TRUST Co raised its stake in Clean Harbors by 161.6% in the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock valued at $63,000 after purchasing an additional 160 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLH has been the subject of several analyst reports. Truist Financial boosted 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. Robert W. Baird cut their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Needham & Company LLC dropped their price target on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. Oppenheimer upped their price objective on Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a report on Monday, October 21st. Finally, Stifel Nicolaus upped their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $271.00.

Clean Harbors Stock Up 1.0 %

Shares of NYSE CLH traded up $2.33 on Wednesday, hitting $230.94. The company had a trading volume of 117,417 shares, compared to its average volume of 297,900. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 12-month low of $161.39 and a 12-month high of $267.11. The firm has a market capitalization of $12.45 billion, a P/E ratio of 30.07 and a beta of 1.22. The business has a 50 day moving average of $249.08 and a two-hundred day moving average of $240.21.

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 for the quarter, missing analysts' consensus estimates of $2.15 by ($0.03). The company had revenue of $1.53 billion during 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 firm's revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.68 EPS. As a group, equities research analysts forecast that Clean Harbors, Inc. will post 7.21 earnings per share for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 610 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares of the company's stock, valued at $9,403,882.40. This represents a 1.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 8,446 shares of company stock valued at $2,119,483. Corporate insiders own 5.90% of the company's stock.

Clean Harbors 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.