Clean Harbors, Inc. (NYSE:CLH) Stock Holdings Lowered by State of Wyoming

State of Wyoming trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 19.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,792 shares of the business services provider’s stock after selling 1,148 shares during the period. State of Wyoming’s holdings in Clean Harbors were worth $1,103,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after purchasing an additional 8,639 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Clean Harbors during the 4th quarter worth about $8,100,000. Avanza Fonder AB purchased a new stake in Clean Harbors during the fourth quarter valued at about $191,000. UMB Bank n.a. boosted its holdings in shares of Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after buying an additional 66 shares during the period. Finally, Mountain Pacific Investment Advisers LLC raised its holdings in shares of Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after acquiring an additional 4,240 shares during the period. 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 stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. This represents a 6.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Eric J. Dugas bought 1,050 shares of the stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now directly owns 24,238 shares in the company, valued at approximately $4,638,668.44. The trade was a 4.53% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Stifel Nicolaus decreased their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. StockNews.com raised Clean Harbors from a “hold” rating to a “buy” rating in a research report on Thursday, May 1st. Robert W. Baird upped their price target on Clean Harbors from $250.00 to $255.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Oppenheimer decreased their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, The Goldman Sachs Group dropped their target price on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $257.67.

Clean Harbors Stock Performance

CLH stock opened at $232.70 on Friday. The firm has a 50 day moving average of $206.23 and a two-hundred day moving average of $225.32. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 31.36 and a beta of 1.19. 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 posted its earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.