M.D. Sass LLC Lowers Stake in Clean Harbors, Inc. $CLH

M.D. Sass LLC trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 24.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 252,540 shares of the business services provider’s stock after selling 81,658 shares during the quarter. Clean Harbors makes up about 5.5% of M.D. Sass LLC’s investment portfolio, making the stock its 4th largest holding. M.D. Sass LLC’s holdings in Clean Harbors were worth $72,411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CLH. Elyxium Wealth LLC bought a new stake in shares of Clean Harbors during the 4th quarter valued at $26,000. Quattro Advisors LLC purchased a new stake in Clean Harbors in the fourth quarter worth about $26,000. Parkside Financial Bank & Trust grew its stake in shares of Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 80 shares during the period. MidFirst Bank bought a new stake in Clean Harbors during the 4th quarter worth approximately $28,000. Finally, Larson Financial Group LLC lifted its holdings in Clean Harbors by 676.5% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 115 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Citigroup lifted their target price on shares of Clean Harbors from $346.00 to $349.00 and gave the company a “buy” rating in a research note on Friday, July 10th. BMO Capital Markets raised their price target on Clean Harbors from $340.00 to $342.00 and gave the company an “outperform” rating in a report on Wednesday, July 8th. TD Cowen boosted their price objective on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Wall Street Zen lowered Clean Harbors from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Stifel Nicolaus began coverage on Clean Harbors in a research note on Friday, May 29th. They set a “buy” rating and a $337.00 target price on the stock. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $327.92.

Clean Harbors Stock Performance

CLH opened at $306.18 on Friday. The stock has a market capitalization of $16.18 billion, a price-to-earnings ratio of 41.49 and a beta of 0.86. The company has a fifty day moving average of $293.43 and a 200 day moving average of $286.26. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. Clean Harbors’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 EPS. As a group, sell-side analysts forecast that Clean Harbors, Inc. will post 8.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction dated Tuesday, May 26th. The stock was 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 of the company’s stock, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by insiders.

Clean Harbors 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.