Clean Harbors, Inc. (NYSE:CLH) is Leeward Investments LLC MA’s 2nd Largest Position

Leeward Investments LLC MA lessened its stake in Clean Harbors, Inc. (NYSE:CLH) by 16.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,631 shares of the business services provider’s stock after selling 34,602 shares during the period. Clean Harbors makes up about 2.0% of Leeward Investments LLC MA’s holdings, making the stock its 2nd biggest holding. Leeward Investments LLC MA owned 0.32% of Clean Harbors worth $39,729,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sigma Planning Corp grew its stake in Clean Harbors by 44.7% in the 4th quarter. Sigma Planning Corp now owns 6,446 shares of the business services provider’s stock worth $1,483,000 after buying an additional 1,990 shares in the last quarter. Transcend Capital Advisors LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $308,000. Allianz Asset Management GmbH lifted its holdings in shares of Clean Harbors by 50.4% in the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock worth $68,367,000 after acquiring an additional 99,591 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $210,000. Finally, WealthBridge Capital Management LLC lifted its holdings in shares of Clean Harbors by 22.7% in the 4th quarter. WealthBridge Capital Management LLC now owns 1,605 shares of the business services provider’s stock worth $369,000 after acquiring an additional 297 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CLH. Robert W. Baird lowered their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a report on Thursday. TD Cowen began coverage on shares of Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. Oppenheimer lowered their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a report on Thursday. Truist Financial lowered their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a report on Thursday. Finally, BMO Capital Markets lowered their price target on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a report on Thursday. One research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $270.56.

Clean Harbors Trading Up 2.6 %

NYSE:CLH opened at $217.77 on Friday. The company has a fifty day moving average of $233.16 and a 200 day moving average of $242.11. Clean Harbors, Inc. has a 52 week low of $180.24 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 $11.73 billion, a P/E ratio of 29.35 and a beta of 1.24.

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, beating analysts’ consensus estimates of $1.36 by $0.19. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 EPS. On average, research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total transaction of $75,478.48. Following the transaction, the director now directly owns 12,534 shares in the company, valued at approximately $3,071,582.04. The trade was a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,785 shares of company stock valued at $444,558. 5.90% of the stock is currently owned by company insiders.

Clean Harbors Company 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.