Cullen Frost Bankers Inc. Cuts Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Cullen Frost Bankers Inc. lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 25.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 300 shares of the business services provider’s stock after selling 100 shares during the period. Cullen Frost Bankers Inc.’s holdings in Clean Harbors were worth $69,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CLH. FMR LLC raised its stake in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after purchasing an additional 187,140 shares during the period. Wellington Management Group LLP raised its stake in Clean Harbors by 3.0% during the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after purchasing an additional 100,394 shares during the period. Allianz Asset Management GmbH raised its stake in Clean Harbors by 50.4% during the fourth quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock worth $68,367,000 after purchasing an additional 99,591 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of Clean Harbors in the 4th quarter valued at $16,525,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Clean Harbors in the 3rd quarter valued at $17,258,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were 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 of the company’s stock, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 924 shares of company stock valued at $219,570 in the last ninety days. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

Shares of CLH stock opened at $197.29 on Monday. The firm has a market cap of $10.63 billion, a P/E ratio of 26.59 and a beta of 1.22. 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 1-year low of $184.51 and a 1-year high of $267.11. The firm has a fifty day moving average of $227.79 and a two-hundred day moving average of $240.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $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.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Oppenheimer cut their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Truist Financial cut their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Robert W. Baird cut their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. BMO Capital Markets cut their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $270.56.

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.