Segall Bryant & Hamill LLC trimmed its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 15.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 55,121 shares of the business services provider's stock after selling 10,452 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.10% of Clean Harbors worth $12,686,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its stake in Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after purchasing an additional 159 shares during the period. Allworth Financial LP increased its stake in Clean Harbors by 130.4% in the 4th 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 period. Assetmark Inc. lifted its holdings in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares in the last quarter. UMB Bank n.a. boosted its position in Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after buying an additional 66 shares during the period. Finally, Spire Wealth Management boosted its position in Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock valued at $69,000 after buying an additional 238 shares during the period. 90.43% of the stock is owned by institutional investors.
Insider Buying and Selling at Clean Harbors
In related news, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the sale, the director now owns 12,226 shares in the company, valued at $2,922,503.04. The trade was a 2.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,341 shares of company stock valued at $663,041 over the last ninety days. Corporate insiders own 5.90% of the company's stock.
Clean Harbors Stock Performance
Shares of NYSE CLH traded down $2.19 during midday trading on Friday, reaching $197.24. 421,837 shares of the stock were exchanged, compared to its average volume of 325,529. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a market cap of $10.62 billion, a price-to-earnings ratio of 26.58 and a beta of 1.22. The firm has a 50-day simple moving average of $216.86 and a two-hundred day simple moving average of $235.40. Clean Harbors, Inc. has a twelve month low of $186.54 and a twelve month high of $267.11.
Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $1.82 earnings per share. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts have recently weighed in on CLH shares. StockNews.com raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Wednesday, March 19th. Robert W. Baird decreased their target price on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group dropped their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, Oppenheimer lowered their price target on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. One 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $266.56.
View Our Latest Research Report on CLH
Clean Harbors Profile
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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.
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