Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Essex Investment Management Co. LLC

Essex Investment Management Co. LLC decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 58.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 193 shares of the business services provider’s stock after selling 274 shares during the quarter. Essex Investment Management Co. LLC’s holdings in Clean Harbors were worth $44,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings 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. Assetmark Inc. raised its holdings in Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock worth $48,000 after purchasing an additional 205 shares in the last quarter. Prospera Private Wealth LLC acquired a new stake in Clean Harbors during the third quarter worth approximately $56,000. UMB Bank n.a. raised its holdings 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. Finally, Spire Wealth Management raised its holdings 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. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of research reports. StockNews.com upgraded shares of Clean Harbors from a “hold” rating to a “buy” rating in a research report on Wednesday, March 5th. Robert W. Baird lowered their target price on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC restated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. Oppenheimer lowered their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Finally, Truist Financial lowered their target price on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Clean Harbors currently has a consensus rating of “Buy” and an average price target of $270.56.

Clean Harbors Stock Performance

NYSE:CLH opened at $188.36 on Tuesday. The firm’s fifty day moving average price is $226.95 and its 200 day moving average price is $239.72. Clean Harbors, Inc. has a 1-year low of $184.51 and a 1-year high of $267.11. 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 has a market cap of $10.14 billion, a price-to-earnings ratio of 25.38 and a beta of 1.22.

Clean Harbors (NYSE:CLH) last issued its earnings results on Wednesday, February 19th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $1.36 by $0.19. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 308 shares of the business’s stock in a transaction 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 sale, the director now directly owns 12,534 shares in the company, valued at approximately $3,071,582.04. The trade was a 2.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have sold 924 shares of company stock worth $219,570. Corporate insiders own 5.90% of the company’s stock.

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.