SFE Investment Counsel Sells 1,872 Shares of Clean Harbors, Inc. (NYSE:CLH)

SFE Investment Counsel trimmed its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 29.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,425 shares of the business services provider’s stock after selling 1,872 shares during the period. SFE Investment Counsel’s holdings in Clean Harbors were worth $1,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. grew its holdings in Clean Harbors by 1.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,803 shares of the business services provider’s stock valued at $678,000 after purchasing an additional 39 shares during the last quarter. Icon Wealth Advisors LLC increased its stake in shares of Clean Harbors by 8.4% during the third quarter. Icon Wealth Advisors LLC now owns 581 shares of the business services provider’s stock valued at $140,000 after buying an additional 45 shares during the period. Traynor Capital Management Inc. raised its holdings in shares of Clean Harbors by 3.6% in the 4th quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock valued at $334,000 after purchasing an additional 50 shares in the last quarter. Signaturefd LLC raised its stake in Clean Harbors by 11.8% in the third quarter. Signaturefd LLC now owns 491 shares of the business services provider’s stock worth $119,000 after buying an additional 52 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in shares of Clean Harbors by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 1,563 shares of the business services provider’s stock worth $378,000 after acquiring an additional 53 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Brian P. Weber sold 861 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now owns 59,346 shares in the company, valued at $15,507,703.26. This represents a 1.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total transaction of $73,624.32. Following the completion of the transaction, the director now owns 12,226 shares in the company, valued at approximately $2,922,503.04. This represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,836 shares of company stock worth $1,966,314 in the last ninety days. 5.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CLH has been the subject of several recent analyst reports. Robert W. Baird lowered their target price on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Truist Financial increased their price target on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on Clean Harbors from $270.00 to $290.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Needham & Company LLC reissued a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, January 16th. Finally, TD Cowen began coverage on Clean Harbors in a research report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $269.44.

Clean Harbors Trading Down 1.0 %

Shares of NYSE CLH opened at $231.52 on Thursday. The stock has a market capitalization of $12.48 billion, a PE ratio of 30.15 and a beta of 1.24. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The stock has a fifty day simple moving average of $236.24 and a 200-day simple moving average of $242.48. Clean Harbors, Inc. has a twelve month low of $176.02 and a twelve month high of $267.11.

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.