Hood River Capital Management LLC Reduces Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Hood River Capital Management LLC cut its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 34.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 341,701 shares of the business services provider's stock after selling 183,027 shares during the quarter. Clean Harbors makes up approximately 1.2% of Hood River Capital Management LLC's holdings, making the stock its 29th biggest position. Hood River Capital Management LLC owned about 0.63% of Clean Harbors worth $78,639,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CLH. Traynor Capital Management Inc. increased its position in Clean Harbors by 3.6% in the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock worth $334,000 after purchasing an additional 50 shares during the last quarter. Williamson Legacy Group LLC increased its holdings in shares of Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock worth $858,000 after buying an additional 53 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Clean Harbors by 10.1% during the 4th quarter. GAMMA Investing LLC now owns 619 shares of the business services provider's stock valued at $142,000 after buying an additional 57 shares in the last quarter. Versant Capital Management Inc grew its position in Clean Harbors by 17.8% in the fourth quarter. Versant Capital Management Inc now owns 384 shares of the business services provider's stock worth $88,000 after acquiring an additional 58 shares in the last quarter. Finally, Scotia Capital Inc. increased its stake in Clean Harbors by 0.4% during the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock worth $3,282,000 after acquiring an additional 59 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of the company's stock in a transaction on 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Truist Financial dropped their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. UBS Group lowered their target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Robert W. Baird cut their price target on shares of Clean Harbors from $285.00 to $272.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. The Goldman Sachs Group decreased their price objective 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, Oppenheimer reduced their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $258.40.

Clean Harbors Stock Down 0.8 %

NYSE CLH traded down $1.70 on Monday, reaching $210.24. 125,225 shares of the stock traded hands, compared to its average volume of 345,819. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 28.33 and a beta of 1.11. The company has a fifty day moving average price of $201.24 and a 200-day moving average price of $228.52. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.19. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.43 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.