Clean Harbors, Inc. $CLH Stake Lessened by Vanguard Group Inc.

Key Points

• Vanguard trimmed its stake in Clean Harbors by 1.4% in Q4, selling 62,721 shares and ending the period with 4,489,676 shares (about 8.40% of the company) valued at roughly $1.053 billion.
• Other institutions made notable moves—Nordea boosted its position 120.8% to 1,040,594 shares while Durable Capital and Two Sigma established or increased large stakes—and institutional investors now own 90.43% of CLH.
• Insider selling occurred recently (CEO sold 1,000 shares; EVP sold 4,683), with insiders offloading 13,597 shares worth $3.9M last quarter, even as analysts maintain a consensus rating of “Moderate Buy” with an average price target of $314.00.

Vanguard Group Inc. lessened its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,489,676 shares of the business services provider's stock after selling 62,721 shares during the period. Vanguard Group Inc. owned about 8.40% of Clean Harbors worth $1,052,739,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLH. Durable Capital Partners LP bought a new stake in shares of Clean Harbors in the third quarter worth $133,217,000. Nordea Investment Management AB increased its stake in shares of Clean Harbors by 120.8% in the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider's stock worth $246,725,000 after buying an additional 569,388 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Clean Harbors by 148.3% in the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider's stock worth $89,287,000 after buying an additional 229,666 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Clean Harbors in the third quarter worth $28,925,000. Finally, Shannon River Fund Management LLC bought a new stake in shares of Clean Harbors in the third quarter worth $26,907,000. Institutional investors own 90.43% of the company's stock.

Insider Activity at Clean Harbors

In other news, CEO Eric W. Gerstenberg sold 1,000 shares of the business's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the completion of the transaction, the chief executive officer owned 38,877 shares of the company's stock, valued at approximately $11,390,961. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 4,683 shares of the business's stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the transaction, the executive vice president directly owned 48,728 shares of the company's stock, valued at approximately $14,296,307.92. This trade represents a 8.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 13,597 shares of company stock valued at $3,895,286. Company insiders own 5.00% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CLH shares. Truist Financial lifted their price target on shares of Clean Harbors from $310.00 to $325.00 and gave the stock a "buy" rating in a research note on Monday, April 20th. Needham & Company LLC lifted their price objective on shares of Clean Harbors from $290.00 to $308.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Citigroup raised shares of Clean Harbors from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $302.00 to $346.00 in a report on Wednesday, April 8th. Barclays lifted their price objective on shares of Clean Harbors from $230.00 to $280.00 and gave the stock an "equal weight" rating in a report on Monday, February 23rd. Finally, UBS Group lifted their price objective on shares of Clean Harbors from $240.00 to $300.00 and gave the stock a "neutral" rating in a report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $314.00.

Clean Harbors Stock Performance

Clean Harbors stock opened at $311.29 on Friday. The company has a market cap of $16.59 billion, a PE ratio of 42.76 and a beta of 0.92. The company has a fifty day moving average price of $294.02 and a two-hundred day moving average price of $259.17. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. Clean Harbors, Inc. has a 12 month low of $201.34 and a 12 month high of $316.98.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The business services provider reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $1.59 by $0.03. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.46 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The firm's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.55 earnings per share. Research analysts expect that Clean Harbors, Inc. will post 8.25 earnings per share for the current year.

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.

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