Clean Harbors, Inc. (NYSE:CLH) is Snyder Capital Management L P’s Largest Position

Snyder Capital Management L P reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 0.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,137,890 shares of the business services provider’s stock after selling 58 shares during the period. Clean Harbors comprises 5.5% of Snyder Capital Management L P’s portfolio, making the stock its largest position. Snyder Capital Management L P owned 2.11% of Clean Harbors worth $261,874,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider’s stock valued at $1,072,237,000 after purchasing an additional 11,814 shares during the last quarter. Wellington Management Group LLP boosted its stake 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 valued at $930,707,000 after acquiring an additional 592,341 shares during the last quarter. Pictet Asset Management Holding SA grew its holdings in Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock worth $381,602,000 after acquiring an additional 697,630 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Clean Harbors by 0.9% in the 4th quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider’s stock worth $252,042,000 after purchasing an additional 9,595 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Clean Harbors by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 676,894 shares of the business services provider’s stock valued at $155,784,000 after purchasing an additional 15,888 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

CLH opened at $211.88 on Friday. 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 business’s 50 day moving average is $201.53 and its 200-day moving average is $229.15. The stock has a market cap of $11.48 billion, a PE ratio of 28.56 and a beta of 1.11. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion for 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 quarter in the previous year, the business earned $1.82 EPS. On average, analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction on Monday, March 10th. The stock was 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 directly owns 40,008 shares in the company, valued at $7,619,123.52. This represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CLH shares. Oppenheimer lowered their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Stifel Nicolaus reduced their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. The Goldman Sachs Group lowered their target price on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research note on Wednesday, March 19th. Truist Financial reduced their price target on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $258.40.

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.