Man Group plc Has $7.20 Million Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Man Group plc decreased its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 15.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 31,268 shares of the business services provider's stock after selling 5,918 shares during the period. Man Group plc owned 0.06% of Clean Harbors worth $7,196,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda purchased a new stake in Clean Harbors in the fourth quarter worth $32,000. Skandinaviska Enskilda Banken AB publ lifted its position in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after purchasing an additional 159 shares in the last quarter. Allworth Financial LP raised its holdings in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after acquiring an additional 103 shares during the period. Assetmark Inc. boosted its holdings in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after purchasing an additional 205 shares during the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in shares of Clean Harbors in the 4th quarter worth $56,000. Institutional investors own 90.43% of the company's stock.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were 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 owns 40,008 shares in the company, valued at $7,619,123.52. This represents a 6.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren States sold 836 shares of Clean Harbors stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total value of $189,078.12. Following the sale, the director now owns 11,871 shares of the company's stock, valued at approximately $2,684,864.07. This represents a 6.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.

Clean Harbors Stock Performance

Shares of NYSE CLH traded down $1.07 during mid-day trading on Friday, hitting $226.65. 301,089 shares of the company were exchanged, compared to its average volume of 350,593. The firm has a market cap of $12.14 billion, a price-to-earnings ratio of 30.55 and a beta of 1.19. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The stock has a 50 day simple moving average of $209.86 and a 200-day simple moving average of $224.70. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08.

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

Wall Street Analysts Forecast Growth

CLH has been the subject of a number of research analyst reports. Truist Financial decreased their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. UBS Group decreased their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. The Goldman Sachs Group cut their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Finally, BMO Capital Markets dropped their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors 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.