CANADA LIFE ASSURANCE Co Lowers Position in Clean Harbors, Inc. (NYSE:CLH)

CANADA LIFE ASSURANCE Co lowered its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 6.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,757 shares of the business services provider's stock after selling 2,600 shares during the period. CANADA LIFE ASSURANCE Co owned about 0.07% of Clean Harbors worth $8,911,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ raised its stake in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after acquiring an additional 159 shares in the last quarter. Allworth Financial LP lifted its stake in Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after purchasing an additional 103 shares during the last quarter. Assetmark Inc. grew its stake in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after buying an additional 205 shares during the last quarter. Physician Wealth Advisors Inc. acquired a new position in shares of Clean Harbors during the fourth quarter worth $56,000. Finally, UMB Bank n.a. lifted its stake in shares of Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after acquiring an additional 66 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Trading Up 0.1 %

Shares of CLH stock traded up $0.25 during mid-day trading on Friday, hitting $212.25. The company's stock had a trading volume of 307,414 shares, compared to its average volume of 346,679. The company has a market cap of $11.50 billion, a PE ratio of 28.61 and a beta of 1.11. 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 company's fifty day simple moving average is $201.24 and its 200-day simple moving average is $228.52. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.19. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share. As a group, equities research analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 308 shares of the firm'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 completion of the sale, the director now owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on CLH shares. UBS Group lowered their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Stifel Nicolaus dropped their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a report on Thursday, February 20th. StockNews.com lowered shares of Clean Harbors from a "buy" rating to a "hold" rating in a report on Friday, April 18th. Needham & Company LLC reiterated a "buy" rating and set a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Finally, Robert W. Baird reduced 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 note on Thursday, February 20th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $258.40.

Clean Harbors Profile

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.