Robertson Stephens Wealth Management LLC lowered its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 73.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,693 shares of the business services provider's stock after selling 4,801 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Clean Harbors were worth $390,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock worth $52,000 after purchasing an additional 83 shares in the last quarter. Prospera Private Wealth LLC bought a new position in Clean Harbors in the third quarter worth approximately $56,000. CENTRAL TRUST Co grew its stake in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after purchasing an additional 160 shares in the last quarter. Spire Wealth Management grew its stake in Clean Harbors by 396.7% in the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock worth $69,000 after purchasing an additional 238 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in Clean Harbors by 42.6% in the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider's stock worth $70,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 90.43% of the company's stock.
Analysts Set New Price Targets
CLH has been the topic of several research analyst reports. Oppenheimer increased their price objective on Clean Harbors from $255.00 to $256.00 and gave the stock an "outperform" rating in a research note on Monday, January 13th. TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They set a "buy" rating and a $325.00 target price 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 report on Thursday, January 16th. Stifel Nicolaus increased their target price on Clean Harbors from $270.00 to $290.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Finally, StockNews.com cut Clean Harbors from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $269.44.
Read Our Latest Stock Report on CLH
Insider Transactions at Clean Harbors
In related news, EVP Brian P. Weber sold 861 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares in the company, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Eric W. Gerstenberg sold 6,051 shares of Clean Harbors stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $250.42, for a total value of $1,515,291.42. Following the transaction, the chief executive officer now owns 55,657 shares of the company's stock, valued at $13,937,625.94. The trade was a 9.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,836 shares of company stock valued at $1,966,314 in the last quarter. 5.90% of the stock is currently owned by corporate insiders.
Clean Harbors Stock Down 0.8 %
Shares of Clean Harbors stock traded down $1.92 during trading on Tuesday, reaching $233.81. The company's stock had a trading volume of 288,764 shares, compared to its average volume of 315,928. 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 company has a market cap of $12.60 billion, a price-to-earnings ratio of 30.44 and a beta of 1.24. Clean Harbors, Inc. has a 1-year low of $176.02 and a 1-year high of $267.11. The company has a 50-day simple moving average of $236.72 and a two-hundred day simple moving average of $242.56.
Clean Harbors Profile
(
Free Report)
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.
Further Reading
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