Ossiam Sells 25,471 Shares of Clean Harbors, Inc. (NYSE:CLH)

Ossiam lessened its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 98.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 312 shares of the business services provider's stock after selling 25,471 shares during the period. Ossiam's holdings in Clean Harbors were worth $72,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Clean Harbors by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after purchasing an additional 11,814 shares during the period. Wellington Management Group LLP increased its stake in shares of Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock valued at $930,707,000 after buying an additional 592,341 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after buying an additional 697,630 shares during the period. Bessemer Group Inc. raised its holdings in shares of Clean Harbors by 0.9% during the fourth quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider's stock valued at $252,042,000 after acquiring an additional 9,595 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Clean Harbors by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 676,894 shares of the business services provider's stock worth $155,784,000 after acquiring an additional 15,888 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Down 0.6 %

CLH stock traded down $1.31 on Tuesday, reaching $211.33. 86,702 shares of the company traded hands, compared to its average volume of 345,744. The firm has a fifty day simple moving average of $201.07 and a 200-day simple moving average of $228.20. The company has a market cap of $11.45 billion, a P/E ratio of 28.46 and a beta of 1.11. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76.

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

Insider Buying and Selling

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

Analyst Ratings Changes

Several brokerages have commented on CLH. Robert W. Baird decreased their price objective on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Needham & Company LLC reissued a "buy" rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. StockNews.com cut Clean Harbors from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. UBS Group decreased their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Truist Financial dropped their price target on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $258.40.

Clean Harbors Company 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.