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

LGT Group Foundation lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 92.0% during the fourth quarter, HoldingsChannel reports. The fund owned 1,748 shares of the business services provider’s stock after selling 20,114 shares during the period. LGT Group Foundation’s holdings in Clean Harbors were worth $402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP boosted its position in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares in the last quarter. Prospera Private Wealth LLC purchased a new stake in Clean Harbors during the third quarter worth $56,000. UMB Bank n.a. boosted its position in Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after purchasing an additional 66 shares in the last quarter. Spire Wealth Management boosted its position in Clean Harbors by 396.7% during the fourth quarter. Spire Wealth Management now owns 298 shares of the business services provider’s stock worth $69,000 after purchasing an additional 238 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in Clean Harbors by 42.6% during the third quarter. TD Private Client Wealth LLC now owns 291 shares of the business services provider’s stock worth $70,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling

In related news, Director Lauren States sold 308 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $245.06, for a total transaction of $75,478.48. Following the transaction, the director now directly owns 12,534 shares in the company, valued at approximately $3,071,582.04. This represents a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 924 shares of company stock worth $219,570. 5.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on CLH. Robert W. Baird decreased their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus decreased their target price on Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. BMO Capital Markets decreased their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. StockNews.com downgraded Clean Harbors from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Finally, TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $270.56.

Clean Harbors Stock Performance

NYSE CLH opened at $207.68 on Tuesday. The business’s 50-day moving average price is $230.28 and its 200 day moving average price is $241.25. Clean Harbors, Inc. has a twelve month low of $183.84 and a twelve month high of $267.11. The company has a market capitalization of $11.19 billion, a PE ratio of 27.99 and a beta of 1.24. The company has a current ratio of 2.21, a quick ratio of 1.76 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 for the quarter, topping the consensus estimate of $1.36 by $0.19. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the prior year, the business posted $1.82 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share 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.