Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Ossiam

Ossiam reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 98.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 312 shares of the business services provider’s stock after selling 25,471 shares during the quarter. Ossiam’s holdings in Clean Harbors were worth $72,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ boosted its stake in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock valued at $38,000 after buying an additional 159 shares in the last quarter. Allworth Financial LP lifted its holdings 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 during the last quarter. Assetmark Inc. boosted its position in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 205 shares in the last quarter. Physician Wealth Advisors Inc. acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $56,000. Finally, UMB Bank n.a. lifted its stake 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 valued at $64,000 after purchasing an additional 66 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Stock Up 0.5 %

CLH opened at $209.52 on Thursday. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The firm has a market cap of $11.36 billion, a price-to-earnings ratio of 28.24 and a beta of 1.11. The firm’s 50-day simple moving average is $201.88 and its 200-day simple moving average is $229.39. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data 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 net margin of 6.83% and a return on equity of 16.33%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.82 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Needham & Company LLC reiterated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a research report on Friday, April 18th. Oppenheimer dropped their target price on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, Truist Financial lowered their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $258.40.

Insider Buying and Selling at Clean Harbors

In related news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the sale, the director now directly owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now owns 40,008 shares of the company’s stock, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.