Asset Management One Co. Ltd. Grows Position in Clean Harbors, Inc. (NYSE:CLH)

Asset Management One Co. Ltd. increased its position in Clean Harbors, Inc. (NYSE:CLH) by 99.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 85,510 shares of the business services provider’s stock after purchasing an additional 42,555 shares during the period. Asset Management One Co. Ltd.’s holdings in Clean Harbors were worth $19,639,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Prospera Private Wealth LLC bought a new stake in shares of Clean Harbors during the 3rd quarter valued at $56,000. CENTRAL TRUST Co grew its holdings in Clean Harbors by 161.6% in the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the period. UMB Bank n.a. increased its stake in shares of Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 66 shares in the last quarter. Spire Wealth Management lifted its holdings in shares of Clean Harbors by 396.7% during the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 238 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted 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 worth $70,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Down 0.7 %

NYSE:CLH opened at $229.49 on Friday. The company has a market cap of $12.37 billion, a PE ratio of 29.88 and a beta of 1.24. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company has a 50 day simple moving average of $235.55 and a two-hundred day simple moving average of $242.57. Clean Harbors, Inc. has a 12 month low of $176.02 and a 12 month high of $267.11.

Analysts Set New Price Targets

A number of research analysts have issued reports on CLH shares. Oppenheimer lifted their price objective on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. Stifel Nicolaus lifted their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird cut their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, January 16th. Finally, Truist Financial increased their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $269.44.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 861 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the sale, the director now directly owns 12,534 shares of the company’s stock, valued at approximately $3,071,582.04. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,477 shares of company stock valued at $374,091 over the last 90 days. Company insiders own 5.90% of the company’s stock.

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.