Clean Harbors, Inc. $CLH Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 14.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 74,578 shares of the business services provider’s stock after selling 12,816 shares during the quarter. Legal & General Group Plc’s holdings in Clean Harbors were worth $17,487,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Integrated Wealth Concepts LLC lifted its holdings in shares of Clean Harbors by 102.9% during the first quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock valued at $431,000 after purchasing an additional 1,109 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Clean Harbors by 47.7% during the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 196 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Clean Harbors by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock valued at $10,757,000 after purchasing an additional 5,884 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Clean Harbors by 65.1% during the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after purchasing an additional 1,908 shares during the last quarter. Finally, Baird Financial Group Inc. lifted its holdings in shares of Clean Harbors by 1.4% during the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Performance

Shares of CLH stock opened at $280.89 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.34 and a quick ratio of 1.99. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The stock’s 50-day moving average is $295.12 and its two-hundred day moving average is $268.93. The firm has a market cap of $14.84 billion, a P/E ratio of 38.06 and a beta of 0.92.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, May 6th. The business services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the firm posted $1.09 EPS. The business’s revenue was up 1.9% compared to the same quarter last year. Analysts predict that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CLH. The Goldman Sachs Group upped their target price on Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a report on Wednesday, April 8th. Truist Financial upped their target price on Clean Harbors from $310.00 to $325.00 and gave the company a “buy” rating in a report on Monday, April 20th. Robert W. Baird upped their target price on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Citigroup raised Clean Harbors from a “neutral” rating to a “buy” rating and upped their target price for the company from $302.00 to $346.00 in a report on Wednesday, April 8th. Finally, Weiss Ratings downgraded Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $323.23.

Insider Transactions at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 4,683 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total value of $1,373,945.37. Following the transaction, the executive vice president directly owned 48,728 shares of the company’s stock, valued at $14,296,307.92. This represents a 8.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Eric W. Gerstenberg sold 1,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total value of $293,000.00. Following the transaction, the chief executive officer directly owned 38,877 shares in the company, valued at approximately $11,390,961. This represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 7,308 shares of company stock valued at $2,133,467. 5.00% of the stock is currently owned by company insiders.

About Clean Harbors

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.