Sirios Capital Management L P Sells 1,669 Shares of Clean Harbors, Inc. (NYSE:CLH)

Sirios Capital Management L P trimmed its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,847 shares of the business services provider's stock after selling 1,669 shares during the quarter. Clean Harbors comprises about 1.3% of Sirios Capital Management L P's holdings, making the stock its 27th biggest position. Sirios Capital Management L P owned 0.06% of Clean Harbors worth $7,329,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after buying an additional 159 shares during the period. 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. grew its stake in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after acquiring an additional 205 shares during the period. Physician Wealth Advisors Inc. bought a new stake in shares of Clean Harbors during the fourth quarter valued at approximately $56,000. Finally, UMB Bank n.a. raised its position 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 worth $64,000 after purchasing an additional 66 shares during the period. 90.43% of the stock is owned by institutional investors.

Insider Activity

In other Clean Harbors news, 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 transaction, the director now owns 11,918 shares in the company, valued at $2,726,719.22. This trade represents a 2.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robert Speights sold 2,725 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were 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 directly owns 40,008 shares in the company, valued at approximately $7,619,123.52. This trade represents a 6.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

CLH stock traded down $1.70 during midday trading on Monday, hitting $210.24. The company's stock had a trading volume of 125,225 shares, compared to its average volume of 345,820. The stock 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 quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The stock's 50-day moving average price is $201.24 and its 200 day moving average price is $228.52. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11.

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Clean Harbors from $290.00 to $285.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Needham & Company LLC restated a "buy" rating and issued a $268.00 target price on shares of Clean Harbors in a report on Thursday, February 20th. StockNews.com cut shares of Clean Harbors from a "buy" rating to a "hold" rating in a research report on Friday, April 18th. BMO Capital Markets decreased their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Oppenheimer cut their target price on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research report on Thursday, February 20th. Three equities research 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. Based on data from MarketBeat.com, Clean Harbors has an average rating of "Moderate Buy" and an average price target of $258.40.

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.