Clean Harbors, Inc. (NYSE:CLH) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lowered its holdings in Clean Harbors, Inc. (NYSE:CLHFree Report) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,477 shares of the business services provider’s stock after selling 545 shares during the period. State of Alaska Department of Revenue’s holdings in Clean Harbors were worth $9,332,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Millburn Ridgefield Corp acquired a new position in Clean Harbors during the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC acquired a new position in Clean Harbors during the 3rd quarter worth approximately $25,000. Contravisory Investment Management Inc. acquired a new position in Clean Harbors during the 4th quarter worth approximately $25,000. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in Clean Harbors by 76.0% during the 4th quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 264 shares of the business services provider’s stock worth $30,000 after acquiring an additional 114 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. acquired a new position in Clean Harbors during the 3rd quarter worth approximately $33,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on CLH shares. StockNews.com upgraded shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a report on Friday. BMO Capital Markets boosted their price target on shares of Clean Harbors from $200.00 to $225.00 and gave the stock an “outperform” rating in a report on Thursday. Oppenheimer upped their target price on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Stifel Nicolaus restated a “buy” rating and issued a $206.00 target price on shares of Clean Harbors in a report on Monday, March 25th. Finally, Truist Financial upped their target price on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $196.00.

Read Our Latest Report on Clean Harbors

Clean Harbors Stock Up 0.4 %

CLH stock opened at $201.31 on Friday. The company has a fifty day moving average price of $183.78 and a 200 day moving average price of $171.72. Clean Harbors, Inc. has a 12 month low of $129.70 and a 12 month high of $202.58. The company has a market cap of $10.86 billion, a price-to-earnings ratio of 28.97 and a beta of 1.23. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66.

Clean Harbors (NYSE:CLHGet Free Report) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 EPS for the quarter, beating the consensus estimate of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The firm had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the firm earned $1.44 EPS. Clean Harbors’s revenue for the quarter was up 4.7% on a year-over-year basis. Sell-side analysts expect that Clean Harbors, Inc. will post 7.35 earnings per share for the current year.

Insider Activity at Clean Harbors

In related news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the transaction, the director now owns 4,767 shares in the company, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Eric W. Gerstenberg sold 15,276 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $187.71, for a total transaction of $2,867,457.96. Following the transaction, the chief executive officer now owns 67,374 shares of the company’s stock, valued at approximately $12,646,773.54. The disclosure for this sale can be found here. Insiders sold a total of 25,185 shares of company stock worth $4,819,554 in the last 90 days. 6.70% of the stock is owned by insiders.

About Clean Harbors

(Free Report)

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.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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