Clean Harbors, Inc. (NYSE:CLH) Stock Holdings Lowered by Shelton Capital Management

Shelton Capital Management cut its position in Clean Harbors, Inc. (NYSE:CLH) by 58.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,994 shares of the business services provider’s stock after selling 14,067 shares during the quarter. Shelton Capital Management’s holdings in Clean Harbors were worth $2,300,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Reliant Investment Management LLC bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $4,386,000. Fiduciary Alliance LLC acquired a new stake in Clean Harbors in the 4th quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC raised its stake in Clean Harbors by 4.5% during the 4th quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after acquiring an additional 4,240 shares in the last quarter. Barclays PLC boosted its position in Clean Harbors by 44.5% during 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 during the period. Finally, State Street Corp grew its stake in shares of Clean Harbors by 1.5% in the third quarter. State Street Corp now owns 1,510,363 shares of the business services provider’s stock worth $365,070,000 after purchasing an additional 21,662 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Clean Harbors news, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total transaction of $70,467.32. Following the transaction, the director now owns 11,918 shares of the company’s stock, valued at $2,726,719.22. The trade was a 2.52 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares of the company’s stock, valued at $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,341 shares of company stock worth $663,041 over the last 90 days. 5.90% of the stock is owned by company insiders.

Clean Harbors Price Performance

Shares of NYSE:CLH opened at $181.46 on Wednesday. The company has a market capitalization of $9.77 billion, a PE ratio of 24.46 and a beta of 1.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock has a fifty day moving average of $209.26 and a 200-day moving average of $232.59. Clean Harbors, Inc. has a one year low of $178.29 and a one 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 EPS for the quarter, beating the consensus estimate of $1.36 by $0.19. The business had revenue of $1.43 billion during 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%. Clean Harbors’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.82 earnings per share. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $268.00 price objective on shares of Clean Harbors in a research note on Thursday, February 20th. Truist Financial dropped their price target on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Oppenheimer decreased 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, February 20th. StockNews.com cut Clean Harbors from a “buy” rating to a “hold” rating in a report on Tuesday, April 1st. Finally, Robert W. Baird decreased their price target on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating for the company in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $266.56.

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.