Optas LLC Trims Stock Position in Clean Harbors, Inc. $CLH

Optas LLC cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 40.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,666 shares of the business services provider’s stock after selling 1,822 shares during the quarter. Optas LLC’s holdings in Clean Harbors were worth $764,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Janus Henderson Group PLC raised its position in shares of Clean Harbors by 10.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,376,088 shares of the business services provider’s stock worth $557,146,000 after purchasing an additional 215,659 shares during the last quarter. State Street Corp grew its holdings in Clean Harbors by 0.8% during the 3rd quarter. State Street Corp now owns 1,515,621 shares of the business services provider’s stock valued at $351,958,000 after buying an additional 12,452 shares during the last quarter. Snyder Capital Management L P increased its position in Clean Harbors by 7.9% during the third quarter. Snyder Capital Management L P now owns 1,148,504 shares of the business services provider’s stock worth $266,706,000 after buying an additional 83,638 shares in the last quarter. Nordea Investment Management AB increased its position in Clean Harbors by 120.8% during the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock worth $246,725,000 after buying an additional 569,388 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Clean Harbors by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 917,779 shares of the business services provider’s stock worth $215,247,000 after acquiring an additional 11,020 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CLH. Citigroup upgraded Clean Harbors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $302.00 to $346.00 in a research report on Wednesday, April 8th. Weiss Ratings cut Clean Harbors from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 9th. UBS Group boosted their target price on shares of Clean Harbors from $300.00 to $315.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. TD Cowen upped their target price on shares of Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Truist Financial raised their price target on shares of Clean Harbors from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.23.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 789 shares of the firm’s 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. This trade represents a 6.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.00% of the company’s stock.

Clean Harbors Trading Up 0.1%

Shares of Clean Harbors stock opened at $291.00 on Friday. Clean Harbors, Inc. has a fifty-two week low of $201.34 and a fifty-two week high of $316.98. The firm has a market cap of $15.38 billion, a PE ratio of 39.43 and a beta of 0.86. The business’s fifty day moving average is $293.08 and its two-hundred day moving average is $279.47. The company has a quick ratio of 1.99, a current ratio of 2.34 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 earnings per share. Analysts anticipate that Clean Harbors, Inc. will post 8.5 earnings per share for the current year.

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.