Sumitomo Mitsui Trust Holdings Inc. Trims Stake in Clean Harbors, Inc. (NYSE:CLH)

Sumitomo Mitsui Trust Holdings Inc. lowered its holdings in Clean Harbors, Inc. (NYSE:CLH) by 84.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,737 shares of the business services provider’s stock after selling 9,224 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Clean Harbors were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Steph & Co. raised its position in Clean Harbors by 4.7% in the third quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock valued at $245,000 after purchasing an additional 66 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Clean Harbors by 2.4% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock valued at $503,000 after buying an additional 71 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Clean Harbors by 52.4% in the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after buying an additional 75 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Clean Harbors by 34.5% in the third quarter. First Horizon Advisors Inc. now owns 304 shares of the business services provider’s stock valued at $51,000 after buying an additional 78 shares in the last quarter. Finally, CWM LLC grew its stake in shares of Clean Harbors by 13.3% in the third quarter. CWM LLC now owns 843 shares of the business services provider’s stock valued at $141,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Analysts Set New Price Targets

CLH has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on Clean Harbors from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Thursday, March 28th. Robert W. Baird lifted their price objective on Clean Harbors from $192.00 to $235.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a research note on Monday, April 22nd. StockNews.com raised Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th. Finally, Needham & Company LLC boosted their target price on Clean Harbors from $200.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $207.90.

Insider Buying and Selling

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

Clean Harbors Trading Down 0.3 %

NYSE:CLH opened at $193.98 on Friday. The stock has a 50-day simple moving average of $192.35 and a 200-day simple moving average of $175.91. The stock has a market cap of $10.60 billion, a P/E ratio of 27.91 and a beta of 1.24. Clean Harbors, Inc. has a 1 year low of $129.70 and a 1 year high of $204.06. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.13. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.36 billion. Clean Harbors had a return on equity of 17.83% and a net margin of 6.99%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.44 EPS. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.4 earnings per share for the current fiscal year.

Clean Harbors Company Profile

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.