Clean Harbors, Inc. (NYSE:CLH) is M.D. Sass LLC’s 4th Largest Position

M.D. Sass LLC lessened its stake in Clean Harbors, Inc. (NYSE:CLH) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 324,918 shares of the business services provider’s stock after selling 2,559 shares during the period. Clean Harbors comprises approximately 5.8% of M.D. Sass LLC’s investment portfolio, making the stock its 4th largest holding. M.D. Sass LLC owned 0.60% of Clean Harbors worth $78,536,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearbridge Investments LLC raised its holdings in Clean Harbors by 30.6% in the 2nd quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock worth $239,361,000 after purchasing an additional 248,240 shares during the period. Lazard Freres Gestion S.A.S. acquired a new position in shares of Clean Harbors during the 2nd quarter worth approximately $42,968,000. FMR LLC lifted its position in shares of Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after buying an additional 187,140 shares in the last quarter. Marshall Wace LLP grew its stake in Clean Harbors by 20.3% in the 2nd quarter. Marshall Wace LLP now owns 537,274 shares of the business services provider’s stock valued at $121,505,000 after acquiring an additional 90,756 shares during the period. Finally, Handelsbanken Fonder AB increased its holdings in Clean Harbors by 12.6% in the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after acquiring an additional 63,800 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Up 0.3 %

Shares of NYSE CLH traded up $0.87 during midday trading on Tuesday, reaching $259.87. 18,087 shares of the stock were exchanged, compared to its average volume of 295,923. Clean Harbors, Inc. has a twelve month low of $158.42 and a twelve month high of $267.11. The stock has a market capitalization of $14.01 billion, a P/E ratio of 33.75 and a beta of 1.20. The company has a 50 day simple moving average of $250.15 and a 200 day simple moving average of $235.60. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by ($0.03). The business had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. Clean Harbors’s revenue was up 12.0% compared to the same quarter last year. During the same period last year, the business earned $1.68 EPS. As a group, equities analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on CLH shares. Oppenheimer lifted their target price on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a research report on Monday, October 21st. The Goldman Sachs Group boosted their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC decreased their price objective on Clean Harbors from $274.00 to $268.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Finally, Truist Financial increased their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $254.33.

Insider Activity at Clean Harbors

In related news, CEO Michael Louis Battles sold 10,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the completion of the transaction, the chief executive officer now owns 77,136 shares of the company’s stock, valued at approximately $18,955,400.64. This trade represents a 11.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $260.74, for a total value of $80,307.92. Following the completion of the sale, the director now directly owns 13,150 shares in the company, valued at approximately $3,428,731. The trade was a 2.29 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,586 shares of company stock worth $4,351,841. Company insiders own 5.90% of the company’s stock.

About Clean Harbors

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.