Clean Harbors, Inc. (NYSE:CLH) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,659,064 shares of the business services provider's stock after purchasing an additional 11,814 shares during the period. Vanguard Group Inc. owned 8.64% of Clean Harbors worth $1,072,237,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pathstone Holdings LLC raised its stake in Clean Harbors by 1.3% during the 3rd quarter. Pathstone Holdings LLC now owns 5,893 shares of the business services provider's stock worth $1,424,000 after acquiring an additional 73 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Clean Harbors by 30.6% during the third quarter. Cerity Partners LLC now owns 15,277 shares of the business services provider's stock worth $3,693,000 after purchasing an additional 3,580 shares during the last quarter. Bank of Montreal Can increased its position in shares of 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 worth $9,687,000 after purchasing an additional 4,060 shares in the last quarter. FMR LLC lifted its holdings in shares of Clean Harbors by 12.0% in the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider's stock valued at $422,319,000 after purchasing an additional 187,140 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Clean Harbors in the 3rd quarter valued at about $2,192,000. Institutional investors and hedge funds own 90.43% of the company's stock.

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Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the company's stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the transaction, the director now directly owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction dated 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 directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial reduced their price objective on Clean Harbors from $280.00 to $270.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus reduced 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. BMO Capital Markets lowered their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Finally, TD Cowen assumed coverage on Clean Harbors in a report on Friday, December 6th. They set a "buy" rating and a $325.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Clean Harbors has a consensus rating of "Moderate Buy" and a consensus target price of $266.56.

Clean Harbors Stock Performance

Shares of Clean Harbors stock traded up $1.82 on Wednesday, reaching $202.65. 105,520 shares of the stock were exchanged, compared to its average volume of 326,684. The firm has a market capitalization of $10.91 billion, a PE ratio of 27.30 and a beta of 1.22. Clean Harbors, Inc. has a 1-year low of $186.54 and a 1-year high of $267.11. The business has a fifty day moving average price of $215.05 and a two-hundred day moving average price of $234.76. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for 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 firm's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.82 EPS. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

About Clean Harbors

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.