Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 24.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,271 shares of the business services provider’s stock after selling 404 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Clean Harbors were worth $222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millburn Ridgefield Corp acquired a new stake in shares of Clean Harbors during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new position in Clean Harbors during the 3rd quarter valued at $25,000. Contravisory Investment Management Inc. acquired a new position in Clean Harbors during the 4th quarter worth $25,000. C M Bidwell & Associates Ltd. bought a new stake in shares of Clean Harbors in the 3rd quarter worth about $33,000. Finally, Blue Trust Inc. raised its stake in shares of Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insiders Place Their Bets

In other news, Director John T. Preston sold 1,913 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $188.36, for a total transaction of $360,332.68. Following the transaction, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Eric J. Dugas sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $208.74, for a total transaction of $1,294,188.00. Following the sale, the chief financial officer now owns 21,482 shares of the company’s stock, valued at $4,484,152.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John T. Preston sold 1,913 shares of the stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $188.36, for a total value of $360,332.68. Following the transaction, the director now directly owns 4,767 shares of the company’s stock, valued at $897,912.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,385 shares of company stock worth $6,113,742. 5.90% of the stock is owned by company insiders.

Clean Harbors Price Performance

NYSE CLH opened at $213.35 on Wednesday. The company has a 50-day moving average price of $195.06 and a two-hundred day moving average price of $178.17. Clean Harbors, Inc. has a 52 week low of $132.92 and a 52 week high of $215.70. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 30.88 and a beta of 1.24. The company has a current ratio of 2.07, a quick ratio of 1.72 and a debt-to-equity ratio of 1.20.

Clean Harbors (NYSE:CLH) last issued its quarterly earnings data on Wednesday, May 1st. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.13. Clean Harbors had a return on equity of 16.97% and a net margin of 6.85%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the previous year, the firm posted $1.36 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. Analysts forecast that Clean Harbors, Inc. will post 7.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Truist Financial boosted their price objective on Clean Harbors from $210.00 to $240.00 and gave the company a “buy” rating in a report on Friday, May 3rd. BMO Capital Markets upped their price target on Clean Harbors from $225.00 to $230.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 2nd. Raymond James increased their target price on shares of Clean Harbors from $225.00 to $235.00 and gave the stock a “strong-buy” rating in a report on Thursday, May 2nd. Finally, Robert W. Baird lifted their price target on shares of Clean Harbors from $235.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $216.40.

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.