Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp reduced its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 74.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,149 shares of the business services provider's stock after selling 35,272 shares during the quarter. Hancock Whitney Corp's holdings in Clean Harbors were worth $2,796,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CLH. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of Clean Harbors by 2,650.0% during the 4th 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 during the last quarter. Allworth Financial LP boosted its holdings in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. boosted its holdings in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after acquiring an additional 205 shares in the last quarter. Physician Wealth Advisors Inc. purchased a new stake in shares of Clean Harbors during the fourth quarter worth about $56,000. Finally, UMB Bank n.a. increased its holdings in shares of Clean Harbors by 30.8% during the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after acquiring an additional 66 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Insiders Place Their Bets

In other news, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the transaction, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Lauren States sold 308 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total transaction of $70,467.32. Following the completion of the sale, the director now owns 11,918 shares of the company's stock, valued at approximately $2,726,719.22. The trade was a 2.52 % decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have weighed in on CLH shares. Truist Financial dropped their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. BMO Capital Markets dropped their price objective on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Oppenheimer reduced their target price on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Needham & Company LLC reiterated a "buy" rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, February 20th. Finally, StockNews.com cut Clean Harbors from a "buy" rating to a "hold" rating in a research note on Friday, April 18th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $258.40.

Clean Harbors Price Performance

Shares of CLH stock traded down $2.12 during mid-day trading on Wednesday, hitting $211.97. 316,706 shares of the stock were exchanged, compared to its average volume of 347,563. 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, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The firm has a fifty day moving average of $201.11 and a 200 day moving average of $228.10. The company has a market cap of $11.49 billion, a PE ratio of 28.57 and a beta of 1.11.

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

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.