Sumitomo Mitsui Trust Holdings Inc. Has $303,000 Stake in Clean Harbors, Inc. (NYSE:CLH)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of Clean Harbors, Inc. (NYSE:CLH) by 84.2% during the fourth quarter, HoldingsChannel reports. The firm owned 1,737 shares of the business services provider’s stock after selling 9,224 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Clean Harbors were worth $303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Steph & Co. lifted its position in Clean Harbors by 4.7% in the 3rd quarter. Steph & Co. now owns 1,462 shares of the business services provider’s stock valued at $245,000 after acquiring an additional 66 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Clean Harbors by 2.4% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 3,007 shares of the business services provider’s stock valued at $503,000 after acquiring an additional 71 shares in the last quarter. Blue Trust Inc. lifted its position in Clean Harbors by 52.4% in the 4th quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 75 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Clean Harbors by 34.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 304 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 78 shares in the last quarter. Finally, CWM LLC lifted its position in Clean Harbors by 13.3% in the 3rd quarter. CWM LLC now owns 843 shares of the business services provider’s stock valued at $141,000 after acquiring an additional 99 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CLH shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Clean Harbors in a research report on Monday, April 22nd. BMO Capital Markets lifted their price target 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. Oppenheimer lifted their price target on shares of Clean Harbors from $178.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. Truist Financial lifted their price target on shares of Clean Harbors from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Finally, Needham & Company LLC lifted their price target on shares of Clean Harbors from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $207.90.

Clean Harbors Stock Down 0.3 %

Clean Harbors stock opened at $193.98 on Friday. The firm has a market capitalization of $10.60 billion, a PE ratio of 27.91 and a beta of 1.24. The company’s 50-day moving average is $192.35 and its 200-day moving average is $175.91. Clean Harbors, Inc. has a fifty-two week low of $129.70 and a fifty-two week high of $204.06. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.98 and a quick ratio of 1.66.

Clean Harbors (NYSE:CLH) last released its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.13. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.36 billion. Clean Harbors had a net margin of 6.99% and a return on equity of 17.83%. Clean Harbors’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.44 EPS. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.4 earnings per share for the current year.

Insider Transactions at Clean Harbors

In related news, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction dated Wednesday, March 27th. The shares were 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 of the company’s stock, valued at approximately $12,502,193.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director John T. Preston sold 1,913 shares of Clean Harbors stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $188.36, for a total transaction of $360,332.68. Following the completion of the sale, the director now owns 4,767 shares of the company’s stock, valued at approximately $897,912.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian P. Weber sold 7,996 shares of Clean Harbors stock in a transaction dated 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 have sold 25,185 shares of company stock worth $4,819,554 in the last ninety days. Insiders own 6.70% of the company’s stock.

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.