Hood River Capital Management LLC Sells 183,027 Shares of Clean Harbors, Inc. (NYSE:CLH)

Hood River Capital Management LLC lessened its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 34.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 341,701 shares of the business services provider’s stock after selling 183,027 shares during the period. Clean Harbors makes up approximately 1.2% of Hood River Capital Management LLC’s investment portfolio, making the stock its 29th largest position. Hood River Capital Management LLC owned about 0.63% of Clean Harbors worth $78,639,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CLH. Morse Asset Management Inc bought a new position in Clean Harbors during the 3rd quarter worth $340,000. Barclays PLC boosted its holdings in Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after purchasing an additional 8,639 shares during the period. Virtu Financial LLC acquired a new position in shares of Clean Harbors during the 3rd quarter worth approximately $343,000. Sanctuary Advisors LLC increased its holdings in shares of Clean Harbors by 60.8% during the third quarter. Sanctuary Advisors LLC now owns 2,169 shares of the business services provider’s stock worth $548,000 after purchasing an additional 820 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Clean Harbors in the third quarter valued at approximately $108,000. Institutional investors own 90.43% of the company’s stock.

Insider Activity

In other Clean Harbors news, CFO Eric J. Dugas bought 1,050 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were bought at an average price 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 of the company’s stock, valued at approximately $4,638,668.44. The trade was a 4.53 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the sale, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

CLH has been the topic of a number of analyst reports. Truist Financial reduced their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday. The Goldman Sachs Group lowered their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, March 19th. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. BMO Capital Markets reduced their price objective on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Finally, UBS Group lowered their target price on Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.40.

Clean Harbors Stock Performance

Shares of CLH stock opened at $208.48 on Wednesday. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The business’s 50 day simple moving average is $202.28 and its 200 day simple moving average is $229.52. The stock has a market capitalization of $11.30 billion, a PE ratio of 28.10 and a beta of 1.11.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $1.82 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current 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.