Algert Global LLC Lowers Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Algert Global LLC cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 43.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,156 shares of the business services provider's stock after selling 19,803 shares during the quarter. Algert Global LLC's holdings in Clean Harbors were worth $6,020,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Kapitalo Investimentos Ltda purchased a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ increased its stake in Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after buying an additional 159 shares during the period. Allworth Financial LP lifted its holdings in Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after buying an additional 103 shares in the last quarter. Assetmark Inc. boosted its position in Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Clean Harbors during the fourth quarter valued at about $56,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of analyst reports. BMO Capital Markets reduced their price target on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. StockNews.com upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Truist Financial dropped their price target on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group reduced their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Oppenheimer dropped their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and an average target price of $257.67.

Insider Transactions at Clean Harbors

In other news, CFO Eric J. Dugas purchased 1,050 shares of the company's stock in a transaction on Monday, March 10th. The shares were bought at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the purchase, the chief financial officer now owns 24,238 shares of the company's stock, valued at $4,638,668.44. This trade represents a 4.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.79, for a total value of $70,467.32. Following the transaction, the director now owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

Shares of CLH stock opened at $222.81 on Tuesday. The company has a market cap of $11.94 billion, a P/E ratio of 30.03 and a beta of 1.19. The business has a 50 day moving average of $201.51 and a two-hundred day moving average of $226.83. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.02 by $0.07. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The business's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 EPS. As a group, analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

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.

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