Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 11.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 401,472 shares of the business services provider's stock after selling 53,457 shares during the quarter. Federated Hermes Inc. owned approximately 0.75% of Clean Harbors worth $79,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda purchased a new position in Clean Harbors in the fourth quarter valued at about $32,000. Blue Trust Inc. boosted its stake in Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after purchasing an additional 56 shares in the last quarter. Physician Wealth Advisors Inc. bought a new stake in shares of Clean Harbors during the 4th quarter worth $56,000. Carolinas Wealth Consulting LLC lifted its holdings in shares of Clean Harbors by 2,800.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock valued at $60,000 after purchasing an additional 252 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Clean Harbors by 24.6% during the first quarter. UMB Bank n.a. now owns 349 shares of the business services provider's stock valued at $69,000 after buying an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Down 0.7%

Shares of NYSE CLH traded down $1.66 during trading on Friday, hitting $234.15. 503,299 shares of the company were exchanged, compared to its average volume of 425,137. The firm has a market capitalization of $12.55 billion, a PE ratio of 32.89 and a beta of 1.16. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a fifty day moving average price of $229.21 and a 200-day moving average price of $220.23. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.98 and a current ratio of 2.45.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.33 by $0.03. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the prior year, the company posted $2.46 earnings per share. The firm's quarterly revenue was down .2% compared to the same quarter last year. As a group, equities research analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other news, Director Alison A. Quirk sold 893 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total value of $199,755.17. Following the completion of the transaction, the director owned 2,978 shares in the company, valued at $666,148.82. This trade represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Speights sold 1,022 shares of Clean Harbors stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total value of $233,516.78. Following the sale, the insider owned 16,310 shares of the company's stock, valued at approximately $3,726,671.90. This represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,112 shares of company stock valued at $3,416,406. Company insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of recent research reports. BMO Capital Markets set a $268.00 price objective on Clean Harbors and gave the company an "outperform" rating in a report on Thursday. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Oppenheimer increased their price target on shares of Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a report on Thursday. UBS Group increased their target price on shares of Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Thursday. Finally, Raymond James Financial increased their price target on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $263.40.

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.