Clean Harbors, Inc. (NYSE:CLH) Holdings Decreased by Leeward Investments LLC MA

Leeward Investments LLC MA cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 16.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 172,631 shares of the business services provider’s stock after selling 34,602 shares during the quarter. 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’s holdings in Clean Harbors were worth $39,729,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Clean Harbors by 3.0% in the 3rd 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 period. FMR LLC grew its position in Clean Harbors by 12.0% during the 3rd quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after purchasing an additional 187,140 shares during the last quarter. Janus Henderson Group PLC grew its position in 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 valued at $386,477,000 after purchasing an additional 7,948 shares during the last quarter. State Street Corp grew its position in 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 during the last quarter. Finally, Geode Capital Management LLC grew its position in Clean Harbors by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 847,715 shares of the business services provider’s stock valued at $204,955,000 after purchasing an additional 11,808 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the transaction, the director now owns 12,534 shares in the company, valued at $3,071,582.04. This represents a 2.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Brian P. Weber sold 861 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the completion of the transaction, the executive vice president now owns 59,346 shares in the company, valued at $15,507,703.26. This trade represents a 1.43 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,785 shares of company stock worth $444,558 in the last quarter. Company insiders own 5.90% of the company’s stock.

Clean Harbors Price Performance

CLH opened at $217.77 on Friday. 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 market capitalization of $11.73 billion, a P/E ratio of 29.35 and a beta of 1.24. The company’s 50-day simple moving average is $233.16 and its two-hundred day simple moving average is $242.11. Clean Harbors, Inc. has a 52-week low of $180.24 and a 52-week high of $267.11.

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on CLH shares. Robert W. Baird cut their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research report on Thursday. Oppenheimer cut their price objective on shares of Clean Harbors from $256.00 to $254.00 and set an “outperform” rating on the stock in a research report on Thursday. TD Cowen started coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. BMO Capital Markets cut their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given 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 $270.56.

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.