Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in Clean Harbors, Inc. (NYSE:CLHFree Report) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 799,537 shares of the business services provider’s stock after selling 114,528 shares during the quarter. Dimensional Fund Advisors LP owned 1.46% of Clean Harbors worth $139,532,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CLH. Contravisory Investment Management Inc. purchased a new position in shares of Clean Harbors during the fourth quarter worth $25,000. Millburn Ridgefield Corp purchased a new position in Clean Harbors during the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new position in Clean Harbors in the 3rd quarter valued at about $25,000. C M Bidwell & Associates Ltd. purchased a new stake in Clean Harbors during the third quarter worth about $33,000. Finally, National Bank of Canada FI purchased a new stake in Clean Harbors during the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Stock Up 1.0 %

CLH stock opened at $213.11 on Friday. The stock has a market cap of $11.50 billion, a P/E ratio of 30.84 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20. Clean Harbors, Inc. has a twelve month low of $132.92 and a twelve month high of $216.73. The company’s 50 day moving average is $199.17 and its two-hundred day moving average is $181.28.

Clean Harbors (NYSE:CLHGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The business services provider reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a net margin of 6.85% and a return on equity of 16.97%. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same period last year, the business earned $1.36 EPS. Clean Harbors’s revenue for the quarter was up 5.3% compared to the same quarter last year. Research analysts expect that Clean Harbors, Inc. will post 7.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on CLH shares. Needham & Company LLC restated a “buy” rating and issued a $235.00 price objective on shares of Clean Harbors in a report on Thursday, May 2nd. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 2nd. Oppenheimer lifted their target price on Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, February 22nd. Robert W. Baird upped their price target on Clean Harbors from $235.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, May 2nd. Finally, Truist Financial boosted their price objective on Clean Harbors from $210.00 to $240.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and a consensus target price of $216.40.

Read Our Latest Research Report on Clean Harbors

Insider Activity

In other news, CFO Eric J. Dugas sold 6,200 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the transaction, the chief financial officer now directly owns 21,482 shares in the company, valued at $4,484,152.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Clean Harbors news, Director John T. Preston sold 1,913 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now directly owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eric J. Dugas sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $208.74, for a total value of $1,294,188.00. Following the completion of the transaction, the chief financial officer now directly owns 21,482 shares in the company, valued at approximately $4,484,152.68. The disclosure for this sale can be found here. In the last three months, insiders sold 31,385 shares of company stock valued at $6,113,742. Insiders own 5.90% of the company’s stock.

Clean Harbors Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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