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

Prudential Financial Inc. lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 73.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,684 shares of the business services provider’s stock after selling 12,958 shares during the quarter. Prudential Financial Inc.’s holdings in Clean Harbors were worth $1,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CLH. Vanguard Group Inc. increased its stake in shares of Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider’s stock worth $1,072,237,000 after buying an additional 11,814 shares during the last quarter. LPL Financial LLC increased its position in shares of Clean Harbors by 8.1% in the 4th quarter. LPL Financial LLC now owns 59,639 shares of the business services provider’s stock worth $13,725,000 after purchasing an additional 4,483 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Clean Harbors in the 4th quarter worth about $3,314,000. American Century Companies Inc. raised its stake in shares of Clean Harbors by 6.5% in the 4th quarter. American Century Companies Inc. now owns 355,218 shares of the business services provider’s stock valued at $81,750,000 after purchasing an additional 21,608 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its position in shares of Clean Harbors by 38.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 12,285 shares of the business services provider’s stock worth $2,827,000 after purchasing an additional 3,418 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CLH. Truist Financial cut their price objective on Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Needham & Company LLC reissued a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, February 20th. Stifel Nicolaus decreased their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, February 20th. BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a report on Thursday, February 20th. Finally, StockNews.com lowered shares of Clean Harbors from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Clean Harbors has an average rating of “Moderate Buy” and an average target price of $266.56.

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the 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 transaction, the director now directly owns 11,918 shares of the company’s stock, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eric J. Dugas purchased 1,050 shares of the stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the transaction, the chief financial officer now owns 24,238 shares in the company, valued at $4,638,668.44. This trade represents a 4.53 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 3,341 shares of company stock valued at $663,041. 5.90% of the stock is currently owned by corporate insiders.

Clean Harbors Trading Down 4.2 %

Clean Harbors stock opened at $190.21 on Monday. Clean Harbors, Inc. has a 52-week low of $184.52 and a 52-week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $10.24 billion, a price-to-earnings ratio of 25.63 and a beta of 1.11. The firm has a 50-day moving average price of $212.46 and a two-hundred day moving average price of $233.84.

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

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.