Man Group plc Sells 5,918 Shares of Clean Harbors, Inc. (NYSE:CLH)

Man Group plc cut its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 15.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,268 shares of the business services provider's stock after selling 5,918 shares during the quarter. Man Group plc owned about 0.06% of Clean Harbors worth $7,196,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Kapitalo Investimentos Ltda purchased a new position in Clean Harbors during the fourth quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ grew 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 worth $38,000 after buying an additional 159 shares in the last quarter. Allworth Financial LP grew its position in Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after buying an additional 103 shares in the last quarter. Assetmark Inc. grew its position in Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after buying an additional 205 shares in the last quarter. Finally, Physician Wealth Advisors Inc. purchased a new position in Clean Harbors during the fourth quarter worth about $56,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Clean Harbors

In other news, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. This trade represents a 6.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Eric J. Dugas purchased 1,050 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of $191.38 per share, with a total value of $200,949.00. Following the transaction, the chief financial officer now owns 24,238 shares of the company's stock, valued at $4,638,668.44. This represents a 4.53% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CLH shares. The Goldman Sachs Group reduced their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. BMO Capital Markets reduced their target price on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. UBS Group reduced their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. StockNews.com upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, Truist Financial cut their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Price Performance

NYSE CLH opened at $232.09 on Tuesday. The business's fifty day moving average price is $206.97 and its 200-day moving average price is $225.27. The stock has a market capitalization of $12.44 billion, a price-to-earnings ratio of 31.28 and a beta of 1.19. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the prior year, the firm earned $1.29 EPS. The company's revenue was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

About Clean Harbors

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.

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