Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Clean Harbors, Inc. (NYSE:CLH) by 1.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 116,155 shares of the business services provider’s stock after selling 1,340 shares during the period. Principal Financial Group Inc. owned approximately 0.22% of Clean Harbors worth $26,732,000 at the end of the most recent reporting period.

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

Clean Harbors Stock Up 2.6 %

Shares of NYSE CLH opened at $217.77 on Friday. Clean Harbors, Inc. has a 12-month low of $180.24 and a 12-month high of $267.11. The company has a market capitalization of $11.73 billion, a PE ratio of 29.35 and a beta of 1.24. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The firm’s 50-day moving average is $233.16 and its two-hundred day moving average is $242.11.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analyst Ratings Changes

CLH has been the subject of several recent analyst reports. Truist Financial reduced their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research note on Thursday. Oppenheimer reduced their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research note on Thursday. 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. StockNews.com cut shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus reduced their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday. 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. According to MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and a consensus target price of $270.56.

Insider Activity at Clean Harbors

In related news, 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 transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were 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 $3,071,582.04. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,785 shares of company stock valued at $444,558. Company insiders own 5.90% of the company’s stock.

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.