State of Wyoming Sells 1,148 Shares of Clean Harbors, Inc. (NYSE:CLH)

State of Wyoming decreased its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 19.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,792 shares of the business services provider's stock after selling 1,148 shares during the quarter. State of Wyoming's holdings in Clean Harbors were worth $1,103,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Pictet Asset Management Holding SA grew its holdings in shares of Clean Harbors by 72.6% in the 4th 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 acquiring an additional 697,630 shares in the last quarter. Norges Bank acquired a new stake in Clean Harbors in the 4th quarter valued at about $136,974,000. Wellington Management Group LLP grew its holdings in 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 worth $930,707,000 after purchasing an additional 592,341 shares during the period. Raymond James Financial Inc. acquired a new position in Clean Harbors during the fourth quarter worth approximately $57,956,000. Finally, First Trust Advisors LP lifted its position in shares of Clean Harbors by 46.7% in the fourth quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider's stock valued at $85,138,000 after buying an additional 117,718 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Needham & Company LLC cut their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. BMO Capital Markets cut their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. UBS Group decreased their price target 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. The Goldman Sachs Group cut their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus decreased their target price on Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Clean Harbors has an average rating of "Moderate Buy" and a consensus price target of $257.67.

Insider Transactions at Clean Harbors

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

Clean Harbors Price Performance

Shares of Clean Harbors stock traded down $1.00 on Friday, reaching $226.73. 85,326 shares of the stock were exchanged, compared to its average volume of 452,893. 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 firm has a market cap of $12.15 billion, a PE ratio of 30.56 and a beta of 1.19. The firm's 50 day moving average is $209.23 and its 200-day moving average is $225.28. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11.

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

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.