Rockefeller Capital Management L.P. Invests $12.70 Million in Clean Harbors, Inc. (NYSE:CLH)

Rockefeller Capital Management L.P. acquired a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 55,203 shares of the business services provider's stock, valued at approximately $12,704,000. Rockefeller Capital Management L.P. owned approximately 0.10% of Clean Harbors at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after buying an additional 159 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Clean Harbors by 130.4% during 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. increased its stake in shares of Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares during the period. Physician Wealth Advisors Inc. bought a new position in Clean Harbors in the 4th quarter valued at approximately $56,000. Finally, UMB Bank n.a. grew its holdings in Clean Harbors by 30.8% during the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock worth $64,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Up 1.2 %

NYSE CLH traded up $2.50 during trading hours on Friday, hitting $207.25. The company's stock had a trading volume of 348,494 shares, compared to its average volume of 345,169. 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's 50-day simple moving average is $203.26 and its two-hundred day simple moving average is $230.05. The company has a market capitalization of $11.23 billion, a PE ratio of 27.93 and a beta of 1.11. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CLH. Stifel Nicolaus decreased their price objective on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Truist Financial cut their price objective 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. UBS Group dropped their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group dropped their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Finally, Oppenheimer decreased their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Clean Harbors has an average rating of "Moderate Buy" and a consensus price target of $260.40.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Eric J. Dugas acquired 1,050 shares of the stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the transaction, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This trade represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. 5.90% of the stock is owned by corporate insiders.

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.