Clean Harbors, Inc. (NYSE:CLH) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Clean Harbors, Inc. (NYSE:CLH) by 90.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,150 shares of the business services provider’s stock after selling 49,436 shares during the quarter. SG Americas Securities LLC’s holdings in Clean Harbors were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. State Street Corp lifted its stake in shares of Clean Harbors by 6.9% during the second quarter. State Street Corp now owns 1,265,753 shares of the business services provider’s stock worth $117,892,000 after buying an additional 82,018 shares during the period. Invesco Ltd. lifted its position in Clean Harbors by 3.5% during the second quarter. Invesco Ltd. now owns 1,080,373 shares of the business services provider’s stock valued at $100,625,000 after purchasing an additional 36,993 shares during the period. Federated Hermes Inc. lifted its position in Clean Harbors by 1.0% during the second quarter. Federated Hermes Inc. now owns 999,969 shares of the business services provider’s stock valued at $93,137,000 after purchasing an additional 9,849 shares during the period. Cramer Rosenthal Mcglynn LLC lifted its position in Clean Harbors by 9.7% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 789,005 shares of the business services provider’s stock valued at $73,488,000 after purchasing an additional 69,609 shares during the period. Finally, Geode Capital Management LLC lifted its position in Clean Harbors by 14.5% during the second quarter. Geode Capital Management LLC now owns 693,140 shares of the business services provider’s stock valued at $64,559,000 after purchasing an additional 87,612 shares during the period. Institutional investors and hedge funds own 87.72% of the company’s stock.

CLH stock opened at $96.53 on Friday. The stock has a market capitalization of $5.25 billion, a P/E ratio of 27.42 and a beta of 1.67. The firm has a 50-day simple moving average of $101.40 and a 200-day simple moving average of $101.41. The company has a quick ratio of 2.10, a current ratio of 2.41 and a debt-to-equity ratio of 1.06. Clean Harbors, Inc. has a 52 week low of $75.65 and a 52 week high of $118.89.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, November 3rd. The business services provider reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.17. The business had revenue of $951.50 million during the quarter, compared to analysts’ expectations of $917.00 million. Clean Harbors had a net margin of 5.56% and a return on equity of 13.38%. The company’s quarterly revenue was up 22.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, analysts expect that Clean Harbors, Inc. will post 3.41 earnings per share for the current year.

CLH has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Clean Harbors from a “hold” rating to a “strong-buy” rating and set a $131.00 target price for the company in a research report on Tuesday, October 26th. CJS Securities upgraded shares of Clean Harbors from a “market perform” rating to an “outperform” rating and set a $125.00 target price for the company in a research report on Tuesday, September 21st. Needham & Company LLC upped their price objective on shares of Clean Harbors from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, November 4th. Raymond James upgraded shares of Clean Harbors from an “outperform” rating to a “strong-buy” rating and upped their price objective for the stock from $120.00 to $125.00 in a research report on Monday, January 10th. Finally, BMO Capital Markets upped their price objective on shares of Clean Harbors from $108.00 to $124.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 12th. One research analyst has rated the stock with a sell rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $115.67.

In related news, EVP Brian P. Weber sold 2,390 shares of the company’s stock in a transaction dated Thursday, December 30th. The shares were sold at an average price of $98.90, for a total transaction of $236,371.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Speights sold 2,118 shares of the company’s stock in a transaction dated Friday, December 10th. The shares were sold at an average price of $99.02, for a total transaction of $209,724.36. The disclosure for this sale can be found here. Insiders have sold 7,011 shares of company stock valued at $710,143 in the last three months. Corporate insiders own 8.10% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc engages in the provision of environmental, energy, and industrial services. It operates through the Environmental Services and Safety-Kleen business segments. The Environmental Services segment consists of the technical services; industrial services; field services; and oil, gas, and lodging businesses.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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