Clean Harbors, Inc. (NYSE:CLH) Holdings Cut by Rivermont Capital Management LP

Rivermont Capital Management LP lowered its stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,567 shares of the business services provider's stock after selling 2,017 shares during the period. Clean Harbors accounts for 5.2% of Rivermont Capital Management LP's holdings, making the stock its 8th biggest position. Rivermont Capital Management LP owned about 0.11% of Clean Harbors worth $13,709,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after buying an additional 11,814 shares during the period. Wellington Management Group LLP increased its stake in Clean Harbors by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after acquiring an additional 592,341 shares during the period. Pictet Asset Management Holding SA increased its position in shares of Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after purchasing an additional 697,630 shares during the period. Janus Henderson Group PLC raised its position in shares of Clean Harbors by 0.8% in the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after buying an additional 13,167 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Clean Harbors by 0.9% in the 4th quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider's stock valued at $252,042,000 after purchasing an additional 9,595 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Buying and Selling at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the company's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eric J. Dugas bought 1,050 shares of the business's stock in a transaction on Monday, March 10th. The stock was purchased at an average cost of $191.38 per share, with a total value of $200,949.00. Following the purchase, the chief financial officer now owns 24,238 shares of the company's stock, valued at $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

Shares of NYSE CLH traded up $1.57 during trading on Tuesday, reaching $234.03. 124,897 shares of the stock traded hands, compared to its average volume of 460,206. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The stock has a market capitalization of $12.54 billion, a P/E ratio of 31.54 and a beta of 1.19. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a 50-day moving average of $206.97 and a 200-day moving average of $225.27.

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

Analyst Upgrades and Downgrades

CLH has been the topic of a number of research analyst reports. Robert W. Baird raised their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. BMO Capital Markets decreased their target price on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus cut their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. The Goldman Sachs Group reduced their price target on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Finally, Truist Financial lowered their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors presently has an average rating of "Moderate Buy" and a consensus price target of $257.67.

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.