Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Thematics Asset Management

Thematics Asset Management trimmed its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,524 shares of the business services provider's stock after selling 19,000 shares during the quarter. Clean Harbors comprises approximately 1.8% of Thematics Asset Management's portfolio, making the stock its 9th biggest position. Thematics Asset Management owned approximately 0.33% of Clean Harbors worth $41,316,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MetLife Investment Management LLC increased its position in Clean Harbors by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 28,566 shares of the business services provider's stock worth $6,574,000 after purchasing an additional 2,340 shares during the period. Dimensional Fund Advisors LP grew its holdings in Clean Harbors by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 676,894 shares of the business services provider's stock worth $155,784,000 after acquiring an additional 15,888 shares during the period. First Trust Advisors LP raised its position in Clean Harbors by 46.7% in the fourth quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider's stock worth $85,138,000 after acquiring an additional 117,718 shares in the last quarter. Cramer Rosenthal Mcglynn LLC boosted its position in shares of Clean Harbors by 2.4% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 104,264 shares of the business services provider's stock worth $23,995,000 after purchasing an additional 2,478 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Clean Harbors by 8.1% during the 4th quarter. NewEdge Advisors LLC now owns 11,485 shares of the business services provider's stock worth $2,643,000 after purchasing an additional 861 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CFO Eric J. Dugas bought 1,050 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the acquisition, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the sale, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company's stock.

Clean Harbors Price Performance

Shares of CLH traded up $2.31 on Thursday, hitting $211.88. The company's stock had a trading volume of 270,445 shares, compared to its average volume of 346,798. The company has a 50 day moving average price of $201.88 and a 200 day moving average price of $229.39. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a market capitalization of $11.48 billion, a PE ratio of 28.56 and a beta of 1.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its 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 during the quarter, compared to analysts' expectations of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $1.82 EPS. On average, research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on CLH shares. Stifel Nicolaus decreased their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets cut their price target on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Robert W. Baird cut their price objective 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. UBS Group dropped their target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Truist Financial dropped their price target on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday. Three research 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $258.40.

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.