Clearbridge Investments LLC Has $265.89 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Clearbridge Investments LLC reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 3.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,155,334 shares of the business services provider’s stock after selling 36,932 shares during the period. Clearbridge Investments LLC owned 2.14% of Clean Harbors worth $265,889,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLH. Hantz Financial Services Inc. boosted its stake in Clean Harbors by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock valued at $678,000 after acquiring an additional 39 shares during the last quarter. Icon Wealth Advisors LLC boosted its position in shares of Clean Harbors by 8.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock worth $140,000 after purchasing an additional 45 shares during the last quarter. Traynor Capital Management Inc. grew its stake in shares of Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock worth $334,000 after purchasing an additional 50 shares during the period. Williamson Legacy Group LLC increased its holdings in Clean Harbors by 1.4% in the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock valued at $858,000 after purchasing an additional 53 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Clean Harbors by 10.1% during the fourth quarter. GAMMA Investing LLC now owns 619 shares of the business services provider’s stock worth $142,000 after buying an additional 57 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now directly owns 12,226 shares in the company, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Speights sold 2,725 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CLH shares. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 target price on the stock. Robert W. Baird lowered 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 report on Thursday, February 20th. Oppenheimer reduced their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. The Goldman Sachs Group cut their price target on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Finally, Truist Financial reduced their price target on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $266.56.

Clean Harbors Stock Performance

NYSE CLH opened at $197.24 on Friday. The firm’s 50 day simple moving average is $216.86 and its 200 day simple moving average is $235.40. The firm has a market capitalization of $10.62 billion, a price-to-earnings ratio of 26.58 and a beta of 1.22. 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, Inc. has a 1 year low of $186.54 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.82 earnings per share. As a group, research analysts expect 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.