Clean Harbors, Inc. (NYSE:CLH) Shares Sold by M.D. Sass LLC

M.D. Sass LLC lessened its stake in Clean Harbors, Inc. (NYSE:CLH) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 278,358 shares of the business services provider’s stock after selling 46,560 shares during the quarter. Clean Harbors comprises about 4.8% of M.D. Sass LLC’s investment portfolio, making the stock its 6th largest holding. M.D. Sass LLC owned about 0.52% of Clean Harbors worth $64,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 159 shares during the last quarter. Allworth Financial LP raised its holdings in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares during the period. Assetmark Inc. boosted its position in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after purchasing an additional 205 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after buying an additional 66 shares during the period. Finally, TD Private Client Wealth LLC increased its position in shares of Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Activity at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren States sold 308 shares of the 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 sale, the director now owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,341 shares of company stock valued at $663,041. Insiders own 5.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CLH. StockNews.com upgraded Clean Harbors from a “hold” rating to a “buy” rating in a report on Wednesday, March 19th. BMO Capital Markets cut their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Robert W. Baird decreased their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. TD Cowen initiated coverage on shares of Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $266.56.

Clean Harbors Stock Performance

Shares of CLH stock opened at $200.34 on Tuesday. The firm has a market cap of $10.79 billion, a PE ratio of 27.00 and a beta of 1.22. Clean Harbors, Inc. has a 12 month low of $186.54 and a 12 month high of $267.11. The company’s fifty day simple moving average is $219.97 and its 200-day simple moving average is $236.42. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion for 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 company’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.82 EPS. Equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.