Clean Harbors, Inc. (NYSE:CLH) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 43.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,870 shares of the business services provider's stock after selling 5,200 shares during the period. TimesSquare Capital Management LLC's holdings in Clean Harbors were worth $1,581,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Allworth Financial LP boosted its position in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after buying an additional 103 shares during the period. Prospera Private Wealth LLC purchased a new stake in shares of Clean Harbors in the third quarter valued at approximately $56,000. CENTRAL TRUST Co boosted its holdings in shares of Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock valued at $63,000 after purchasing an additional 160 shares during the period. UMB Bank n.a. boosted its holdings in shares of Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after purchasing an additional 66 shares during the period. Finally, Spire Wealth Management boosted its holdings in shares of Clean Harbors by 396.7% in the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider's stock valued at $69,000 after purchasing an additional 238 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Insiders Place Their Bets

In related news, Director Lauren States sold 308 shares of the business's stock in a transaction on 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 transaction, the director now owns 11,918 shares in the company, valued at approximately $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 861 shares of the business's stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares of the company's stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,785 shares of company stock worth $444,558 over the last 90 days. Corporate insiders own 5.90% of the company's stock.

Clean Harbors Trading Up 3.0 %

Shares of CLH stock traded up $6.45 during trading on Friday, hitting $218.63. 633,340 shares of the stock traded hands, compared to its average volume of 416,087. The firm has a market capitalization of $11.78 billion, a P/E ratio of 29.45 and a beta of 1.24. 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 52-week low of $180.24 and a 52-week high of $267.11. The firm's fifty day moving average price is $233.69 and its 200-day moving average price is $242.09.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 16.33% and a net margin of 6.83%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.82 earnings per share. As a group, research analysts forecast that Clean Harbors, Inc. will post 8.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on CLH. StockNews.com downgraded shares of Clean Harbors from a "strong-buy" rating to a "buy" rating in a research note on Thursday, October 31st. 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 price objective for the company. Robert W. Baird reduced 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. Needham & Company LLC reissued a "buy" rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday. Finally, Stifel Nicolaus reduced their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research note on Thursday. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $270.56.

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.