Clean Harbors, Inc. (NYSE:CLH) Position Lessened by Artemis Investment Management LLP

Artemis Investment Management LLP reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 39.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 230,858 shares of the business services provider’s stock after selling 148,864 shares during the period. Artemis Investment Management LLP’s holdings in Clean Harbors were worth $53,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Clean Harbors by 3.0% in the third quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock worth $834,323,000 after buying an additional 100,394 shares during the last quarter. FMR LLC grew its position in Clean Harbors by 12.0% in the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock worth $422,319,000 after acquiring an additional 187,140 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Clean Harbors by 0.5% during the 3rd quarter. Janus Henderson Group PLC now owns 1,598,915 shares of the business services provider’s stock worth $386,477,000 after purchasing an additional 7,948 shares during the last quarter. State Street Corp raised its holdings in shares of Clean Harbors by 1.5% during the 3rd quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock valued at $365,070,000 after purchasing an additional 21,662 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in shares of 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 valued at $239,361,000 after purchasing an additional 248,240 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $249.78, for a total value of $76,932.24. Following the sale, the director now owns 12,842 shares of the company’s stock, valued at $3,207,674.76. The trade was a 2.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robert Speights sold 610 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares of the company’s stock, valued at $9,403,882.40. The trade was a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,446 shares of company stock worth $2,112,800 over the last three months. Company insiders own 5.90% of the company’s stock.

Clean Harbors Trading Up 1.1 %

Shares of CLH stock opened at $241.80 on Friday. The firm has a market capitalization of $13.03 billion, a P/E ratio of 31.48 and a beta of 1.24. Clean Harbors, Inc. has a 1 year low of $163.72 and a 1 year high of $267.11. The firm’s fifty day simple moving average is $242.47 and its 200 day simple moving average is $241.15. 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 posted its quarterly earnings data 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). Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. As a group, sell-side analysts predict that Clean Harbors, Inc. will post 7.21 EPS for the current year.

Analyst Ratings Changes

CLH has been the topic of several recent research reports. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 target price on the stock. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday. Truist Financial lifted their price target 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. Finally, Stifel Nicolaus upped their price objective on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $269.44.

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.