Verition Fund Management LLC Sells 5,280 Shares of Clean Harbors, Inc. (NYSE:CLH)

Verition Fund Management LLC cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 35.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,658 shares of the business services provider's stock after selling 5,280 shares during the period. Verition Fund Management LLC's holdings in Clean Harbors were worth $2,334,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLH. Innealta Capital LLC bought a new position in Clean Harbors in the 2nd quarter worth $25,000. UMB Bank n.a. raised its stake in Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider's stock worth $52,000 after buying an additional 83 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Clean Harbors in the second quarter worth about $56,000. Prospera Private Wealth LLC bought a new stake in Clean Harbors during the 3rd quarter valued at approximately $56,000. Finally, CENTRAL TRUST Co grew its holdings in shares of Clean Harbors by 161.6% during the 3rd quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider's stock worth $63,000 after acquiring an additional 160 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Insider Buying and Selling

In related news, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction on Monday, September 16th. The stock was sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now owns 77,136 shares of the company's stock, valued at $18,955,400.64. The trade was a 11.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Robert Speights sold 610 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total value of $146,485.40. Following the completion of the transaction, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. This represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,447 shares of company stock worth $4,576,829. 5.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on CLH. TD Cowen started coverage on Clean Harbors in a research note on Friday. They issued a "buy" rating and a $325.00 target price for the company. Truist Financial raised their price objective on Clean Harbors from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Needham & Company LLC reduced their target price on shares of Clean Harbors from $274.00 to $268.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. Oppenheimer increased their price target on shares of Clean Harbors from $252.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, October 21st. Finally, Robert W. Baird dropped their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of "Buy" and an average price target of $261.40.

Clean Harbors Stock Up 0.5 %

Shares of NYSE:CLH traded up $1.20 during trading on Friday, reaching $247.88. 336,718 shares of the stock traded hands, compared to its average volume of 295,446. The stock has a market cap of $13.36 billion, a P/E ratio of 32.20 and a beta of 1.22. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The stock has a 50-day moving average of $251.89 and a two-hundred day moving average of $237.71. Clean Harbors, Inc. has a 52-week low of $161.39 and a 52-week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). Clean Harbors had a net margin of 7.19% and a return on equity of 17.51%. The business had revenue of $1.53 billion for the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter in the prior year, the business posted $1.68 earnings per share. The business's revenue for the quarter was up 12.0% on a year-over-year basis. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.21 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.