Oberweis Asset Management Inc. Lowers Holdings in Clean Harbors, Inc. (NYSE:CLH)

Oberweis Asset Management Inc. lessened its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,430 shares of the business services provider's stock after selling 2,940 shares during the quarter. Clean Harbors comprises 1.1% of Oberweis Asset Management Inc.'s portfolio, making the stock its 13th largest position. Oberweis Asset Management Inc. owned approximately 0.19% of Clean Harbors worth $23,573,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Morse Asset Management Inc purchased a new position in Clean Harbors during the third quarter valued at $340,000. Barclays PLC raised its stake in Clean Harbors by 44.5% during the 3rd quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock valued at $6,781,000 after buying an additional 8,639 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Clean Harbors during the 3rd quarter valued at $343,000. Sanctuary Advisors LLC boosted its stake in shares of Clean Harbors by 60.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 2,169 shares of the business services provider's stock worth $548,000 after buying an additional 820 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Clean Harbors in the third quarter worth $108,000. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CLH shares. Needham & Company LLC reissued a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. BMO Capital Markets cut their target price on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research report on Thursday, February 20th. Truist Financial dropped their price target on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Oppenheimer reduced their price objective 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. Finally, Robert W. Baird cut their price target on Clean Harbors from $285.00 to $272.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Three investment 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 presently has an average rating of "Moderate Buy" and an average price target of $258.40.

Insiders Place Their Bets

In other news, insider Robert Speights sold 2,725 shares of the company's stock in a transaction that occurred 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 transaction, the insider now owns 40,008 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this link. Also, CFO Eric J. Dugas purchased 1,050 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the completion of the purchase, the chief financial officer now directly owns 24,238 shares in the company, valued at $4,638,668.44. The trade was a 4.53 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 5.60% of the company's stock.

Clean Harbors Price Performance

Shares of NYSE:CLH traded up $0.00 during trading on Tuesday, hitting $212.63. 167,330 shares of the company's stock were exchanged, compared to its average volume of 476,518. The business's 50-day simple moving average is $201.07 and its 200 day simple moving average is $228.20. The company has a market cap of $11.53 billion, a price-to-earnings ratio of 28.64 and a beta of 1.11. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. 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 (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.36 by $0.19. The business 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 company's revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $1.82 EPS. As a group, equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS 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.