M.D. Sass LLC Has $68.46 Million Stake in Clean Harbors, Inc. (NYSE:CLH)

M.D. Sass LLC raised its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 24.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 347,335 shares of the business services provider's stock after buying an additional 68,977 shares during the period. Clean Harbors comprises approximately 6.0% of M.D. Sass LLC's investment portfolio, making the stock its 2nd biggest holding. M.D. Sass LLC owned approximately 0.65% of Clean Harbors worth $68,460,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of Clean Harbors by 3.4% during the 4th quarter. JPMorgan Chase & Co. now owns 194,218 shares of the business services provider's stock worth $44,697,000 after buying an additional 6,313 shares during the period. Schroder Investment Management Group lifted its position in Clean Harbors by 11.1% during the fourth quarter. Schroder Investment Management Group now owns 42,216 shares of the business services provider's stock worth $9,716,000 after acquiring an additional 4,227 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in Clean Harbors by 8.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,617 shares of the business services provider's stock worth $832,000 after acquiring an additional 278 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Clean Harbors by 17.1% during the fourth quarter. Franklin Resources Inc. now owns 240,460 shares of the business services provider's stock worth $55,339,000 after acquiring an additional 35,165 shares during the period. Finally, Trexquant Investment LP grew its position in shares of Clean Harbors by 59.7% in the fourth quarter. Trexquant Investment LP now owns 13,531 shares of the business services provider's stock valued at $3,114,000 after purchasing an additional 5,057 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Stock Performance

NYSE:CLH opened at $234.15 on Friday. The company has a market cap of $12.56 billion, a price-to-earnings ratio of 32.89 and a beta of 1.18. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.98 and a current ratio of 2.45. The stock has a fifty day moving average price of $229.36 and a 200-day moving average price of $220.12.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The business services provider reported $2.36 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 business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the firm earned $2.46 earnings per share. Clean Harbors's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Transactions at Clean Harbors

In other news, EVP Brian P. Weber sold 3,035 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $227.17, for a total transaction of $689,460.95. Following the completion of the sale, the executive vice president owned 54,548 shares of the company's stock, valued at approximately $12,391,669.16. This represents a 5.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alison A. Quirk sold 893 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the sale, the director owned 2,978 shares in the company, valued at $666,148.82. This represents a 23.07% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,112 shares of company stock worth $3,416,406. Corporate insiders own 5.60% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CLH. Raymond James Financial increased their target price on Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research note on Thursday. Oppenheimer increased their price objective on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research report on Thursday. Robert W. Baird lifted their target price on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC lowered their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.

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