Federated Hermes Inc. Has $67.53 Million Position in Clean Harbors, Inc. (NYSE:CLH)

Federated Hermes Inc. reduced its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 17.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 386,954 shares of the business services provider's stock after selling 83,238 shares during the period. Federated Hermes Inc. owned approximately 0.71% of Clean Harbors worth $67,527,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CLH. Vontobel Holding Ltd. lifted its stake in shares of Clean Harbors by 12.5% in the fourth quarter. Vontobel Holding Ltd. now owns 612,015 shares of the business services provider's stock valued at $106,803,000 after buying an additional 67,809 shares during the period. Strs Ohio grew its holdings in shares of Clean Harbors by 5.7% during the 3rd quarter. Strs Ohio now owns 194,413 shares of the business services provider's stock worth $32,536,000 after purchasing an additional 10,527 shares in the last quarter. MJP Associates Inc. ADV grew its holdings in shares of Clean Harbors by 27.4% during the 4th quarter. MJP Associates Inc. ADV now owns 4,096 shares of the business services provider's stock worth $715,000 after purchasing an additional 881 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Clean Harbors by 3,711.0% in the third quarter. Deutsche Bank AG now owns 277,285 shares of the business services provider's stock valued at $46,406,000 after purchasing an additional 270,009 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in Clean Harbors by 521.4% in the third quarter. Glenmede Trust Co. NA now owns 55,630 shares of the business services provider's stock worth $9,310,000 after purchasing an additional 46,678 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Price Performance

Clean Harbors stock traded up $2.64 on Friday, reaching $193.54. The company's stock had a trading volume of 353,377 shares, compared to its average volume of 320,860. Clean Harbors, Inc. has a twelve month low of $129.70 and a twelve month high of $204.06. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 27.85 and a beta of 1.24. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.66 and a current ratio of 1.98. The business's fifty day moving average price is $191.02 and its 200 day moving average price is $174.74.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.13. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. The business had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the company earned $1.44 EPS. The firm's quarterly revenue was up 4.7% on a year-over-year basis. Equities analysts expect that Clean Harbors, Inc. will post 7.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Brian P. Weber sold 7,996 shares of the business's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the completion of the sale, the executive vice president now owns 62,803 shares in the company, valued at $12,502,193.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Clean Harbors news, CEO Eric W. Gerstenberg sold 15,276 shares of the firm's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $187.71, for a total value of $2,867,457.96. Following the transaction, the chief executive officer now directly owns 67,374 shares of the company's stock, valued at $12,646,773.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $199.07, for a total transaction of $1,591,763.72. Following the sale, the executive vice president now directly owns 62,803 shares of the company's stock, valued at approximately $12,502,193.21. The disclosure for this sale can be found here. Insiders sold 25,185 shares of company stock worth $4,819,554 in the last quarter. Insiders own 6.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CLH shares. BMO Capital Markets increased their price objective on shares of Clean Harbors from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Thursday, March 28th. Robert W. Baird raised their price target on shares of Clean Harbors from $192.00 to $235.00 and gave the stock an "outperform" rating in a research note on Tuesday. Truist Financial upped their price objective on Clean Harbors from $200.00 to $210.00 and gave the company a "buy" rating in a research note on Thursday, February 22nd. Stifel Nicolaus raised their target price on Clean Harbors from $210.00 to $220.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Oppenheimer upped their price target on Clean Harbors from $178.00 to $200.00 and gave the company an "outperform" rating in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $207.90.

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.