Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Colonial Trust Advisors

Colonial Trust Advisors lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 9,470 shares of the business services provider’s stock after selling 209 shares during the period. Colonial Trust Advisors’ holdings in Clean Harbors were worth $2,179,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Reliant Investment Management LLC acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $4,386,000. Fiduciary Alliance LLC acquired a new position in shares of Clean Harbors in the 4th quarter worth approximately $846,000. Mountain Pacific Investment Advisers LLC grew its position in shares of Clean Harbors by 4.5% in the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock worth $22,793,000 after acquiring an additional 4,240 shares in the last quarter. Barclays PLC grew its position in shares of Clean Harbors by 44.5% in the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock worth $6,781,000 after acquiring an additional 8,639 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in shares of Clean Harbors by 17.8% in the 4th quarter. Versant Capital Management Inc now owns 384 shares of the business services provider’s stock worth $88,000 after acquiring an additional 58 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other news, CFO Eric J. Dugas acquired 1,050 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares of the company’s stock, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total value of $73,624.32. Following the completion of the sale, the director now directly owns 12,226 shares in the company, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,341 shares of company stock valued at $663,041 in the last quarter. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Stock Up 8.5 %

Shares of Clean Harbors stock opened at $197.64 on Thursday. The business’s fifty day moving average price is $207.74 and its two-hundred day moving average price is $231.98. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The company has a market capitalization of $10.64 billion, a P/E ratio of 26.64 and a beta of 1.11. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11.

Clean Harbors (NYSE:CLH) last announced its earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.82 EPS. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Ratings Changes

CLH has been the subject of several research reports. Oppenheimer decreased their target price on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. BMO Capital Markets decreased their target price on Clean Harbors from $284.00 to $270.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Truist Financial decreased their target price on Clean Harbors from $280.00 to $270.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Robert W. Baird reduced their price objective on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Finally, StockNews.com lowered Clean Harbors from a “buy” rating to a “hold” rating in a research report on Thursday. 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. According to MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and an average price target of $266.56.

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.