Clearbridge Investments LLC lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) by 6.8% during the 4th quarter, HoldingsChannel reports. The firm owned 1,329,426 shares of the business services provider’s stock after selling 96,925 shares during the period. Clearbridge Investments LLC’s holdings in Clean Harbors were worth $311,724,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Candriam S.C.A. boosted its position in shares of Clean Harbors by 36.4% during the 3rd quarter. Candriam S.C.A. now owns 68,867 shares of the business services provider’s stock valued at $15,992,000 after acquiring an additional 18,367 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Clean Harbors by 7.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 219,862 shares of the business services provider’s stock valued at $51,059,000 after acquiring an additional 15,872 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Clean Harbors by 57.4% during the 4th quarter. SG Americas Securities LLC now owns 62,621 shares of the business services provider’s stock valued at $14,683,000 after acquiring an additional 22,827 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Clean Harbors by 2.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 370,875 shares of the business services provider’s stock valued at $86,963,000 after acquiring an additional 8,145 shares during the last quarter. Finally, Tudor Investment Corp ET AL boosted its position in shares of Clean Harbors by 86.0% during the 3rd quarter. Tudor Investment Corp ET AL now owns 63,104 shares of the business services provider’s stock valued at $14,654,000 after acquiring an additional 29,176 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.
Clean Harbors Stock Down 1.3%
Shares of CLH opened at $283.25 on Friday. The firm has a market cap of $14.97 billion, a P/E ratio of 38.38 and a beta of 0.87. Clean Harbors, Inc. has a 12-month low of $201.34 and a 12-month high of $316.98. The company’s 50-day moving average price is $295.05 and its 200 day moving average price is $270.65. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.
Wall Street Analyst Weigh In
CLH has been the topic of several recent research reports. TD Cowen boosted their price target on shares of Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Oppenheimer boosted their price target on shares of Clean Harbors from $310.00 to $316.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Weiss Ratings cut shares of Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. Truist Financial boosted their price target on shares of Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Stifel Nicolaus assumed coverage on shares of Clean Harbors in a research report on Friday, May 29th. They set a “buy” rating and a $337.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $323.23.
Read Our Latest Report on Clean Harbors
Insider Activity at Clean Harbors
In related news, Director Lauren States sold 789 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the sale, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the completion of the sale, the chief executive officer owned 38,877 shares in the company, valued at approximately $11,390,961. This trade represents a 2.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,308 shares of company stock valued at $2,133,467 in the last quarter. Corporate insiders own 5.00% of the company’s stock.
Clean Harbors Company Profile
Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.
Founded in 1980 by Alan S.
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