Leeward Investments LLC MA Reduces Stake in Clean Harbors, Inc. $CLH

Leeward Investments LLC MA decreased its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 2.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 149,218 shares of the business services provider’s stock after selling 4,308 shares during the period. Clean Harbors comprises 1.8% of Leeward Investments LLC MA’s investment portfolio, making the stock its 4th largest position. Leeward Investments LLC MA’s holdings in Clean Harbors were worth $34,651,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CLH. Root Financial Partners LLC bought a new position in Clean Harbors in the 3rd quarter valued at approximately $30,000. Golden State Wealth Management LLC raised its stake in shares of Clean Harbors by 145.3% in the second quarter. Golden State Wealth Management LLC now owns 184 shares of the business services provider’s stock worth $43,000 after purchasing an additional 109 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of Clean Harbors during the third quarter valued at $44,000. First Horizon Corp purchased a new stake in shares of Clean Harbors during the third quarter valued at $44,000. Finally, SJS Investment Consulting Inc. increased its holdings in Clean Harbors by 2,985.7% in the 3rd quarter. SJS Investment Consulting Inc. now owns 216 shares of the business services provider’s stock worth $50,000 after buying an additional 209 shares in the last quarter. Institutional investors own 90.43% of the company’s stock.

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 601 shares of the firm’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $240.90, for a total value of $144,780.90. Following the transaction, the chief executive officer directly owned 50,454 shares of the company’s stock, valued at approximately $12,154,368.60. This trade represents a 1.18% decrease in their position. 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 insiders.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $274.61 on Friday. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $276.51. The firm has a market capitalization of $14.67 billion, a price-to-earnings ratio of 38.09 and a beta of 0.96. The company has a current ratio of 2.44, a quick ratio of 2.09 and a debt-to-equity ratio of 1.00. The firm has a 50 day moving average of $251.70 and a 200 day moving average of $238.73.

Wall Street Analyst Weigh In

CLH has been the topic of several research analyst reports. Oppenheimer upped their target price on shares of Clean Harbors from $237.00 to $283.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. Raymond James Financial decreased their price objective on shares of Clean Harbors from $277.00 to $270.00 and set a “strong-buy” rating for the company in a report on Thursday, October 30th. Needham & Company LLC raised their target price on shares of Clean Harbors from $255.00 to $290.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Barclays cut their target price on shares of Clean Harbors from $253.00 to $230.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Finally, Citigroup raised their price target on Clean Harbors from $263.00 to $274.00 and gave the stock a “neutral” rating in a research note on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Clean Harbors currently has an average rating of “Moderate Buy” and an average price target 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.