M.D. Sass LLC Sells 2,559 Shares of Clean Harbors, Inc. (NYSE:CLH)

M.D. Sass LLC lowered its holdings in Clean Harbors, Inc. (NYSE:CLH) by 0.8% in the third quarter, HoldingsChannel reports. The firm owned 324,918 shares of the business services provider’s stock after selling 2,559 shares during the quarter. Clean Harbors makes up approximately 5.8% of M.D. Sass LLC’s holdings, making the stock its 4th biggest holding. M.D. Sass LLC’s holdings in Clean Harbors were worth $78,536,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Quent Capital LLC grew its stake in shares of Clean Harbors by 6.9% in the second quarter. Quent Capital LLC now owns 725 shares of the business services provider’s stock worth $164,000 after acquiring an additional 47 shares in the last quarter. Moody National Bank Trust Division grew its stake in Clean Harbors by 1.0% during the 2nd quarter. Moody National Bank Trust Division now owns 4,843 shares of the business services provider’s stock worth $1,095,000 after purchasing an additional 47 shares in the last quarter. Fifth Third Bancorp increased its holdings in Clean Harbors by 10.5% during the 2nd quarter. Fifth Third Bancorp now owns 528 shares of the business services provider’s stock worth $119,000 after purchasing an additional 50 shares during the period. MJP Associates Inc. ADV raised its position in Clean Harbors by 1.1% in the 2nd quarter. MJP Associates Inc. ADV now owns 4,734 shares of the business services provider’s stock valued at $1,071,000 after purchasing an additional 51 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Clean Harbors by 11.8% in the 3rd quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock valued at $119,000 after buying an additional 52 shares during the period. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Performance

Shares of NYSE CLH traded up $0.87 during trading hours on Tuesday, reaching $259.87. The stock had a trading volume of 18,087 shares, compared to its average volume of 295,923. The firm has a market cap of $14.01 billion, a price-to-earnings ratio of 33.75 and a beta of 1.20. Clean Harbors, Inc. has a fifty-two week low of $158.42 and a fifty-two week high of $267.11. The firm has a 50-day moving average of $250.15 and a 200-day moving average of $235.60. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

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

Analyst Ratings Changes

CLH has been the topic of a number of recent research reports. Robert W. Baird cut their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Oppenheimer raised their price objective on shares of Clean Harbors from $252.00 to $270.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Needham & Company LLC lowered their target price on shares of Clean Harbors from $274.00 to $268.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus restated a “buy” rating and issued a $275.00 price target (up from $240.00) on shares of Clean Harbors in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group upped their price objective on Clean Harbors from $223.00 to $256.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $254.33.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 610 shares of Clean Harbors stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total value of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed 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 transaction, 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. Over the last three months, insiders have sold 17,586 shares of company stock worth $4,351,841. 5.90% of the stock is owned by company insiders.

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.