Clean Harbors, Inc. (NYSE:CLH) Stock Position Cut by Leeward Investments LLC MA

Leeward Investments LLC MA cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 1.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 243,780 shares of the business services provider’s stock after selling 4,279 shares during the quarter. Clean Harbors makes up approximately 2.0% of Leeward Investments LLC MA’s portfolio, making the stock its biggest holding. Leeward Investments LLC MA’s holdings in Clean Harbors were worth $42,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Deutsche Bank AG grew its position in shares of Clean Harbors by 3,711.0% in the 3rd quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider’s stock worth $46,406,000 after acquiring an additional 270,009 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Clean Harbors by 61.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 394,245 shares of the business services provider’s stock worth $65,983,000 after acquiring an additional 150,251 shares in the last quarter. DAVENPORT & Co LLC acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $23,999,000. Sandler Capital Management grew its position in shares of Clean Harbors by 232.4% in the 3rd quarter. Sandler Capital Management now owns 160,268 shares of the business services provider’s stock worth $26,822,000 after acquiring an additional 112,047 shares in the last quarter. Finally, Trinity Street Asset Management LLP acquired a new position in shares of Clean Harbors in the 3rd quarter worth approximately $15,792,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Clean Harbors Trading Down 0.3 %

Shares of CLH stock opened at $193.98 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98. Clean Harbors, Inc. has a 1 year low of $129.70 and a 1 year high of $204.06. The stock has a fifty day moving average of $192.35 and a two-hundred day moving average of $175.91. The firm has a market capitalization of $10.60 billion, a PE ratio of 27.91 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The company had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the firm posted $1.44 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. As a group, research analysts expect that Clean Harbors, Inc. will post 7.4 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Truist Financial lifted their target price on Clean Harbors from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Oppenheimer boosted their price objective on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, February 22nd. Robert W. Baird boosted their price objective on Clean Harbors from $192.00 to $235.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. BMO Capital Markets boosted their price objective on Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, March 28th. Finally, Stifel Nicolaus restated a “buy” rating and set a $220.00 price objective on shares of Clean Harbors in a research report on Monday, April 22nd. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $207.90.

Insiders Place Their Bets

In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares in the company, valued at $897,912.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Brian P. Weber sold 7,996 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $199.07, for a total value of $1,591,763.72. Following the completion of the sale, the executive vice president now owns 62,803 shares of the company’s stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,185 shares of company stock worth $4,819,554. 6.70% of the stock is owned by company 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.