Sei Investments Co. Sells 41,048 Shares of Clean Harbors, Inc. (NYSE:CLH)

Sei Investments Co. decreased its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 45.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,957 shares of the business services provider's stock after selling 41,048 shares during the quarter. Sei Investments Co. owned 0.09% of Clean Harbors worth $11,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Cerity Partners LLC boosted its stake in shares of Clean Harbors by 30.6% in the 3rd quarter. Cerity Partners LLC now owns 15,277 shares of the business services provider's stock valued at $3,693,000 after purchasing an additional 3,580 shares in the last quarter. Bank of Montreal Can boosted its position in Clean Harbors by 11.1% during the third quarter. Bank of Montreal Can now owns 40,629 shares of the business services provider's stock valued at $9,687,000 after buying an additional 4,060 shares during the period. FMR LLC grew its stake in shares of Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock valued at $422,319,000 after buying an additional 187,140 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in shares of Clean Harbors in the third quarter worth about $1,063,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Clean Harbors by 61.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 91,611 shares of the business services provider's stock valued at $22,143,000 after acquiring an additional 34,764 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

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Analyst Upgrades and Downgrades

CLH has been the topic of a number of analyst reports. Truist Financial decreased their price target 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. TD Cowen began coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a "buy" rating and a $325.00 target price on the stock. Stifel Nicolaus dropped their price target on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Oppenheimer cut their price target 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. Finally, Robert W. Baird lowered their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Clean Harbors has a consensus rating of "Moderate Buy" and a consensus price target of $266.56.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the transaction, the director now owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Eric J. Dugas bought 1,050 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at $4,638,668.44. This represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 3,341 shares of company stock worth $663,041 over the last quarter. 5.90% of the stock is currently owned by insiders.

Clean Harbors Stock Down 3.5 %

NYSE:CLH traded down $7.27 during trading hours on Thursday, reaching $198.66. 632,487 shares of the company traded hands, compared to its average volume of 329,852. 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 business's 50-day moving average price is $213.44 and its two-hundred day moving average price is $234.31. Clean Harbors, Inc. has a 1 year low of $186.54 and a 1 year high of $267.11. The stock has a market capitalization of $10.70 billion, a P/E ratio of 26.77 and a beta of 1.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during 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%. Clean Harbors's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $1.82 EPS. Analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

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.