Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 8.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 96,170 shares of the business services provider's stock after selling 8,424 shares during the quarter. Ameriprise Financial Inc. owned about 0.18% of Clean Harbors worth $22,133,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Aptus Capital Advisors LLC lifted its position in Clean Harbors by 9.9% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,024 shares of the business services provider's stock worth $466,000 after buying an additional 182 shares during the last quarter. AXA S.A. lifted its position in Clean Harbors by 1.0% in the fourth quarter. AXA S.A. now owns 33,776 shares of the business services provider's stock worth $7,773,000 after buying an additional 319 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Clean Harbors in the fourth quarter worth $8,978,000. Gallo Partners LP bought a new stake in Clean Harbors in the fourth quarter worth $2,506,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Clean Harbors in the fourth quarter worth $32,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Up 1.3%

Shares of CLH stock traded up $3.05 during trading hours on Friday, reaching $232.70. 229,951 shares of the company's stock were exchanged, compared to its average volume of 349,767. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The stock has a market cap of $12.47 billion, a PE ratio of 31.36 and a beta of 1.19. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The stock's fifty day moving average price is $206.23 and its two-hundred day moving average price is $225.32.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on CLH. StockNews.com upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. The Goldman Sachs Group cut their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Truist Financial cut their price target on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird raised their price target on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets cut their price target on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Clean Harbors has an average rating of "Moderate Buy" and a consensus target price of $257.67.

Insider Buying and Selling

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the business'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 completion of the transaction, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Eric J. Dugas purchased 1,050 shares of the firm's stock in a transaction on Monday, March 10th. The stock was bought at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,238 shares of the company's stock, valued at $4,638,668.44. This trade represents a 4.53% increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company's stock.

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.