Clean Harbors, Inc. $CLH Shares Sold by Comerica Bank

Comerica Bank reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 84.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,937 shares of the business services provider’s stock after selling 79,255 shares during the quarter. Comerica Bank’s holdings in Clean Harbors were worth $3,502,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Ashton Thomas Private Wealth LLC boosted its holdings in shares of Clean Harbors by 7.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,952 shares of the business services provider’s stock valued at $1,161,000 after acquiring an additional 335 shares during the period. Inscription Capital LLC boosted its holdings in shares of Clean Harbors by 72.8% in the fourth quarter. Inscription Capital LLC now owns 5,780 shares of the business services provider’s stock valued at $1,355,000 after acquiring an additional 2,435 shares during the period. Mountain Pacific Investment Advisers LLC boosted its holdings in shares of Clean Harbors by 4.9% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 23,658 shares of the business services provider’s stock valued at $5,547,000 after acquiring an additional 1,104 shares during the period. Concurrent Investment Advisors LLC boosted its holdings in shares of Clean Harbors by 209.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 4,700 shares of the business services provider’s stock valued at $1,102,000 after acquiring an additional 3,181 shares during the period. Finally, Chicago Partners Investment Group LLC boosted its holdings in shares of Clean Harbors by 122.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 3,222 shares of the business services provider’s stock valued at $836,000 after acquiring an additional 1,773 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Oppenheimer upped their price target on Clean Harbors from $283.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, February 19th. The Goldman Sachs Group upped their price target on Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. UBS Group upped their price target on Clean Harbors from $240.00 to $300.00 and gave the stock a “neutral” rating in a research note on Thursday, March 12th. Wells Fargo & Company upped their price target on Clean Harbors from $291.00 to $309.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 18th. Finally, BMO Capital Markets upped their price target on Clean Harbors from $290.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.00.

Clean Harbors Price Performance

Clean Harbors stock opened at $311.29 on Monday. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The business has a 50 day simple moving average of $294.02 and a 200-day simple moving average of $259.49. The stock has a market capitalization of $16.59 billion, a PE ratio of 42.76 and a beta of 0.92.

Clean Harbors (NYSE:CLH) last released its quarterly earnings results on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping the consensus estimate of $1.59 by $0.03. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that Clean Harbors, Inc. will post 8.25 earnings per share for the current year.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 1,000 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $293.00, for a total value of $293,000.00. Following the completion of the transaction, the chief executive officer owned 38,877 shares in the company, valued at approximately $11,390,961. This represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marcy L. Reed sold 836 shares of the stock in a transaction on Wednesday, March 18th. The stock was sold at an average price of $287.94, for a total value of $240,717.84. Following the completion of the transaction, the director owned 5,081 shares of the company’s stock, valued at $1,463,023.14. The trade was a 14.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,597 shares of company stock valued at $3,895,286 in the last three months. Insiders own 5.00% of the company’s stock.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.