Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its stake in Clean Harbors, Inc. (NYSE:CLH) by 4.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 57,331 shares of the business services provider’s stock after selling 2,665 shares during the quarter. Corebridge Financial Inc.’s holdings in Clean Harbors were worth $13,194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Clean Harbors by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider’s stock worth $1,072,237,000 after purchasing an additional 11,814 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Clean Harbors by 8.1% in the fourth quarter. LPL Financial LLC now owns 59,639 shares of the business services provider’s stock worth $13,725,000 after buying an additional 4,483 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Clean Harbors in the fourth quarter worth approximately $3,314,000. American Century Companies Inc. raised its holdings in shares of Clean Harbors by 6.5% during the fourth quarter. American Century Companies Inc. now owns 355,218 shares of the business services provider’s stock valued at $81,750,000 after acquiring an additional 21,608 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of Clean Harbors by 38.5% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 12,285 shares of the business services provider’s stock valued at $2,827,000 after acquiring an additional 3,418 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Up 0.1 %

Shares of CLH opened at $200.50 on Wednesday. Clean Harbors, Inc. has a 12 month low of $186.54 and a 12 month high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $219.30 and a two-hundred day moving average price of $236.20. The stock has a market cap of $10.80 billion, a price-to-earnings ratio of 27.02 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) 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 analysts’ expectations of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company posted $1.82 EPS. Equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In other news, CFO Eric J. Dugas acquired 1,050 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the sale, the director now owns 12,226 shares of the company’s stock, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,341 shares of company stock worth $663,041. Insiders own 5.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CLH shares. BMO Capital Markets lowered 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. Stifel Nicolaus cut their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Robert W. Baird reduced their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Finally, The Goldman Sachs Group reduced their price objective on Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target 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.