C WorldWide Group Holding A S Decreases Holdings in Clean Harbors, Inc. $CLH

C WorldWide Group Holding A S lessened its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 15.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,397 shares of the business services provider’s stock after selling 7,474 shares during the period. C WorldWide Group Holding A S owned 0.08% of Clean Harbors worth $12,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Quattro Advisors LLC acquired a new position in Clean Harbors in the 4th quarter valued at $26,000. Elyxium Wealth LLC acquired a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Clean Harbors during the second quarter worth approximately $36,000. Parkside Financial Bank & Trust grew its holdings in Clean Harbors by 205.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock valued at $28,000 after buying an additional 80 shares in the last quarter. Finally, MidFirst Bank acquired a new stake in shares of Clean Harbors in the 4th quarter worth $28,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Clean Harbors from $305.00 to $325.00 and gave the company an “equal weight” rating in a report on Thursday, July 30th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Clean Harbors in a research note on Wednesday, July 29th. Truist Financial boosted their target price on shares of Clean Harbors from $350.00 to $365.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus raised their price target on shares of Clean Harbors from $337.00 to $364.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Weiss Ratings raised shares of Clean Harbors from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $354.57.

Clean Harbors Stock Down 0.1%

Shares of NYSE:CLH opened at $316.87 on Wednesday. Clean Harbors, Inc. has a 1-year low of $201.34 and a 1-year high of $335.94. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. The stock has a market cap of $16.73 billion, a P/E ratio of 38.46, a P/E/G ratio of 2.05 and a beta of 0.85. The firm has a fifty day moving average price of $310.26 and a 200 day moving average price of $298.67.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, July 29th. The business services provider reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The business had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned $2.36 earnings per share. The business’s revenue was up 11.9% compared to the same quarter last year. Sell-side analysts predict that Clean Harbors, Inc. will post 9.72 EPS for the current year.

Insider Buying and Selling

In other Clean Harbors news, CEO Eric Gerstenberg sold 2,500 shares of Clean Harbors stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $321.34, for a total value of $803,350.00. Following the transaction, the chief executive officer directly owned 56,793 shares in the company, valued at approximately $18,249,862.62. This trade represents a 4.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Robertson sold 789 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $314.01, for a total value of $247,753.89. Following the sale, the director owned 8,979 shares of the company’s stock, valued at $2,819,495.79. This trade represents a 8.08% decrease in their position. The SEC filing for this sale provides additional information. 5.00% of the stock is currently owned by company insiders.

Clean Harbors Company 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.