Legato Capital Management LLC Has $1.98 Million Stake in Clean Harbors, Inc. (NYSE:CLH)

Legato Capital Management LLC lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 10.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,596 shares of the business services provider’s stock after selling 1,046 shares during the quarter. Legato Capital Management LLC’s holdings in Clean Harbors were worth $1,978,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CLH. Hantz Financial Services Inc. boosted its stake in shares of Clean Harbors by 1.4% in the third quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock valued at $678,000 after buying an additional 39 shares during the period. Icon Wealth Advisors LLC raised its holdings in Clean Harbors by 8.4% in the 3rd quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after acquiring an additional 45 shares in the last quarter. Traynor Capital Management Inc. lifted its position in shares of Clean Harbors by 3.6% during the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock valued at $334,000 after acquiring an additional 50 shares during the period. Signaturefd LLC grew its holdings in shares of Clean Harbors by 11.8% during the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after purchasing an additional 52 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Clean Harbors by 3.5% in the third quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after purchasing an additional 53 shares during the period. 90.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CLH shares. Robert W. Baird cut their price objective on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, January 16th. Oppenheimer lifted their price objective on shares of Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They set a “buy” rating and a $325.00 target price for the company. Finally, Truist Financial raised their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors presently has an average rating of “Buy” and an average target price of $269.44.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $249.78, for a total transaction of $76,932.24. Following the sale, the director now directly owns 12,842 shares of the company’s stock, valued at $3,207,674.76. The trade was a 2.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,836 shares of company stock worth $1,966,314 in the last 90 days. Insiders own 5.90% of the company’s stock.

Clean Harbors Stock Down 0.8 %

Shares of NYSE:CLH opened at $233.81 on Wednesday. Clean Harbors, Inc. has a 52-week low of $176.02 and a 52-week high of $267.11. The company has a market capitalization of $12.60 billion, a PE ratio of 30.44 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The company has a fifty day moving average of $236.72 and a 200-day moving average of $242.56.

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.