Sirios Capital Management L P Sells 1,669 Shares of Clean Harbors, Inc. (NYSE:CLH)

Sirios Capital Management L P trimmed its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,847 shares of the business services provider's stock after selling 1,669 shares during the period. Clean Harbors makes up about 1.3% of Sirios Capital Management L P's portfolio, making the stock its 27th biggest position. Sirios Capital Management L P owned about 0.06% of Clean Harbors worth $7,329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Skandinaviska Enskilda Banken AB publ lifted its position 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 buying an additional 159 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of 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 acquiring an additional 103 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after purchasing an additional 205 shares during the period. Physician Wealth Advisors Inc. bought a new position in Clean Harbors during the 4th quarter valued at about $56,000. Finally, UMB Bank n.a. raised 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 worth $64,000 after purchasing an additional 66 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Up 2.0 %

NYSE:CLH opened at $208.48 on Wednesday. The firm has a 50-day simple moving average of $202.28 and a 200-day simple moving average of $229.52. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The firm has a market cap of $11.30 billion, a P/E ratio of 28.10 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share 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 during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. Clean Harbors's revenue was up 6.9% on a year-over-year basis. Equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of analyst reports. UBS Group cut their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Needham & Company LLC reiterated a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a research note on Thursday, February 20th. Stifel Nicolaus decreased their target price on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Robert W. Baird cut their price target on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Finally, BMO Capital Markets decreased their price objective on shares of Clean Harbors from $284.00 to $270.00 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 issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $258.40.

Insider Activity at Clean Harbors

In other Clean Harbors 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 sale, the director now directly owns 11,918 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Also, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The stock was 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 directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their position. The disclosure for this sale can be found here. 5.90% of the stock is 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.

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