Schroder Investment Management Group Purchases 4,227 Shares of Clean Harbors, Inc. (NYSE:CLH)

Schroder Investment Management Group lifted its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,216 shares of the business services provider's stock after purchasing an additional 4,227 shares during the period. Schroder Investment Management Group owned 0.08% of Clean Harbors worth $9,716,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Intrust Bank NA grew its holdings in Clean Harbors by 4.6% during the fourth quarter. Intrust Bank NA now owns 2,904 shares of the business services provider's stock worth $668,000 after purchasing an additional 128 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of Clean Harbors by 25.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider's stock valued at $71,000 after buying an additional 62 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after acquiring an additional 697,630 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Clean Harbors during the 4th quarter worth approximately $2,561,000. Finally, Norges Bank bought a new stake in Clean Harbors in the 4th quarter valued at $136,974,000. 90.43% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

CLH has been the topic of several research reports. Oppenheimer decreased their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. StockNews.com lowered shares of Clean Harbors from a "buy" rating to a "hold" rating in a research note on Tuesday, April 1st. The Goldman Sachs Group cut their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Stifel Nicolaus decreased their target price on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Finally, Truist Financial lowered their target price 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. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Clean Harbors has an average rating of "Moderate Buy" and a consensus price target of $266.56.

Clean Harbors Price Performance

Clean Harbors stock traded up $15.54 during mid-day trading on Wednesday, reaching $197.64. 738,191 shares of the company were exchanged, compared to its average volume of 336,951. The firm has a market cap of $10.64 billion, a PE ratio of 26.64 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a fifty day simple moving average of $207.74 and a 200-day simple moving average of $231.98. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11.

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

Insider Activity

In other news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the transaction, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the business's stock in a transaction on 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 $7,619,123.52. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is currently owned by corporate insiders.

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.