Alliancebernstein L.P. Has $15.40 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Alliancebernstein L.P. lowered its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 4.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 66,913 shares of the business services provider’s stock after selling 2,931 shares during the period. Alliancebernstein L.P.’s holdings in Clean Harbors were worth $15,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Pictet Asset Management Holding SA boosted its position in Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock valued at $381,602,000 after buying an additional 697,630 shares in the last quarter. Norges Bank acquired a new stake in shares of Clean Harbors during the 4th quarter valued at $136,974,000. Wellington Management Group LLP grew its position in Clean Harbors by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock worth $930,707,000 after acquiring an additional 592,341 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Clean Harbors in the 4th quarter worth about $57,956,000. Finally, Allianz Asset Management GmbH increased its holdings in Clean Harbors by 50.4% in the 4th 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 in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Robert Speights sold 2,725 shares of the company’s stock in a transaction dated 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 owns 40,008 shares in the company, valued at approximately $7,619,123.52. This represents a 6.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lauren States sold 308 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the sale, the director now owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,341 shares of company stock worth $663,041 in the last quarter. 5.90% of the stock is owned by corporate insiders.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $181.46 on Wednesday. The business has a 50-day moving average price of $209.26 and a two-hundred day moving average price of $232.59. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The company has a market cap of $9.77 billion, a P/E ratio of 24.46 and a beta of 1.11.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.82 earnings per share. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CLH shares. BMO Capital Markets reduced their price target on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. Robert W. Baird dropped their price target on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus reduced their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, StockNews.com downgraded Clean Harbors from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Clean Harbors currently has a consensus rating of “Moderate Buy” and a consensus target price of $266.56.

Clean Harbors Company 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.