Fulcrum Asset Management LLP Sells 3,657 Shares of Clean Harbors, Inc. $CLH

Key Points

• Fulcrum Asset Management cut its stake in Clean Harbors by 35.8%, selling 3,657 shares in Q3 and leaving it with 6,569 shares worth about $1.525 million.
• Company insiders have been selling recently — EVP Brian P. Weber sold 4,683 shares (~$1.37 million) and insiders sold a total of 11,761 shares (~$3.36 million) in the last 90 days, representing 5.60% insider ownership.
• Wall Street sentiment is generally positive with a consensus of "Moderate Buy" and an average price target of about $299.27; CLH trades near $291 with a market cap of $15.4 billion and a P/E of ~40.

Fulcrum Asset Management LLP cut its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 35.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,569 shares of the business services provider's stock after selling 3,657 shares during the quarter. Fulcrum Asset Management LLP's holdings in Clean Harbors were worth $1,525,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Coldstream Capital Management Inc. grew its position in shares of Clean Harbors by 5.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 2,638 shares of the business services provider's stock worth $613,000 after buying an additional 144 shares during the period. Danica Pension Livsforsikringsaktieselskab bought a new position in Clean Harbors during the third quarter worth $9,737,000. Danske Bank A S acquired a new stake in Clean Harbors in the third quarter worth $93,000. NewEdge Advisors LLC grew its holdings in Clean Harbors by 7.4% in the third quarter. NewEdge Advisors LLC now owns 6,900 shares of the business services provider's stock worth $1,602,000 after purchasing an additional 475 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in Clean Harbors by 1.2% in the third quarter. CANADA LIFE ASSURANCE Co now owns 33,886 shares of the business services provider's stock valued at $7,906,000 after purchasing an additional 397 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Clean Harbors Stock Up 0.1%

Shares of NYSE CLH opened at $290.98 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.33 and a quick ratio of 2.00. The company has a 50-day moving average price of $273.14 and a 200-day moving average price of $245.88. The stock has a market capitalization of $15.40 billion, a P/E ratio of 39.97 and a beta of 0.93. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $298.12.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, February 18th. The business services provider reported $1.62 earnings per share for the quarter, topping analysts' consensus estimates of $1.59 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.47%. The company had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The firm's revenue was up 4.8% compared to the same quarter last year. On average, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CLH shares. Robert W. Baird set a $300.00 price objective on shares of Clean Harbors in a research report on Thursday, February 19th. Needham & Company LLC boosted their target price on Clean Harbors from $290.00 to $308.00 and gave the company a "buy" rating in a research report on Thursday, February 19th. Oppenheimer upped their price target on Clean Harbors from $283.00 to $300.00 and gave the stock an "outperform" rating in a research note on Thursday, February 19th. Truist Financial increased their price target on Clean Harbors from $250.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Finally, Barclays raised their price objective on Clean Harbors from $230.00 to $280.00 and gave the company an "equal weight" rating in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Clean Harbors has a consensus rating of "Moderate Buy" and an average price target of $299.27.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 4,683 shares of Clean Harbors stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $293.39, for a total transaction of $1,373,945.37. Following the transaction, the executive vice president owned 48,728 shares of the company's stock, valued at $14,296,307.92. The trade was a 8.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Welch sold 750 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $273.07, for a total value of $204,802.50. Following the sale, the director owned 10,237 shares of the company's stock, valued at $2,795,417.59. This trade represents a 6.83% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,761 shares of company stock valued at $3,361,568. 5.60% of the stock is owned by company insiders.

Clean Harbors Company 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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