M.D. Sass LLC Trims Stock Holdings in Clean Harbors, Inc. $CLH

M.D. Sass LLC cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 21.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 259,660 shares of the business services provider’s stock after selling 69,209 shares during the quarter. Clean Harbors makes up 4.9% of M.D. Sass LLC’s investment portfolio, making the stock its 7th biggest position. M.D. Sass LLC’s holdings in Clean Harbors were worth $60,298,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Bessemer Group Inc. boosted its position in Clean Harbors by 8.6% during the third quarter. Bessemer Group Inc. now owns 1,097,702 shares of the business services provider’s stock valued at $254,908,000 after buying an additional 87,322 shares during the period. Triglav Investments D.O.O. purchased a new position in Clean Harbors in the 3rd quarter worth approximately $441,000. Savant Capital LLC lifted its position in Clean Harbors by 53.8% in the third quarter. Savant Capital LLC now owns 1,421 shares of the business services provider’s stock valued at $330,000 after purchasing an additional 497 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Clean Harbors by 7.8% during the third quarter. Hantz Financial Services Inc. now owns 3,110 shares of the business services provider’s stock valued at $722,000 after purchasing an additional 224 shares during the period. Finally, Ashton Thomas Private Wealth LLC increased its stake in shares of Clean Harbors by 9.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 4,617 shares of the business services provider’s stock worth $1,072,000 after buying an additional 411 shares during the period. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 601 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $240.90, for a total value of $144,780.90. Following the sale, the chief executive officer owned 50,454 shares in the company, valued at approximately $12,154,368.60. This represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.60% of the stock is currently owned by company insiders.

Clean Harbors Price Performance

Shares of CLH stock opened at $262.13 on Friday. The company has a quick ratio of 2.09, a current ratio of 2.44 and a debt-to-equity ratio of 1.00. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 36.36 and a beta of 0.96. The business’s fifty day moving average is $247.44 and its 200 day moving average is $237.11. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $268.22.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CLH. Zacks Research raised shares of Clean Harbors from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 13th. Wells Fargo & Company increased their target price on shares of Clean Harbors from $220.00 to $248.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. CJS Securities raised Clean Harbors to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Clean Harbors in a research report on Monday, December 29th. Finally, Raymond James Financial cut their price objective on Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating on the stock in a research report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Clean Harbors currently has an average rating of “Moderate Buy” and a consensus target price of $262.17.

Clean Harbors Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.