Clean Harbors, Inc. (NYSE:CLH) Shares Sold by LGT Group Foundation

LGT Group Foundation reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 92.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,748 shares of the business services provider’s stock after selling 20,114 shares during the quarter. LGT Group Foundation’s holdings in Clean Harbors were worth $402,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its position in Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 103 shares in the last quarter. Prospera Private Wealth LLC purchased a new position in shares of Clean Harbors in the 3rd quarter valued at about $56,000. UMB Bank n.a. boosted its stake in shares of Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock valued at $64,000 after buying an additional 66 shares during the period. Spire Wealth Management boosted its stake in shares of Clean Harbors by 396.7% in the 4th quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock valued at $69,000 after buying an additional 238 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in shares of Clean Harbors by 42.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock valued at $70,000 after buying an additional 87 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $245.06, for a total value of $75,478.48. Following the transaction, the director now owns 12,534 shares of the company’s stock, valued at approximately $3,071,582.04. The trade was a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 924 shares of company stock valued at $219,570. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

CLH has been the subject of several recent research reports. Oppenheimer decreased their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. TD Cowen initiated coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. Stifel Nicolaus decreased their price objective on Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $270.56.

Clean Harbors Trading Down 2.7 %

CLH opened at $207.68 on Tuesday. The firm has a market cap of $11.19 billion, a price-to-earnings ratio of 27.99 and a beta of 1.24. Clean Harbors, Inc. has a 52 week low of $183.84 and a 52 week high of $267.11. The business’s 50 day moving average is $230.28 and its two-hundred day moving average is $241.25. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.82 earnings per share. On average, research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Clean Harbors 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.