MassMutual Private Wealth & Trust FSB Sells 1,074 Shares of Clean Harbors, Inc. (NYSE:CLH)

MassMutual Private Wealth & Trust FSB trimmed its holdings in Clean Harbors, Inc. (NYSE:CLH) by 43.0% in the 4th quarter, HoldingsChannel reports. The firm owned 1,422 shares of the business services provider’s stock after selling 1,074 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Clean Harbors were worth $327,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CLH. Clearbridge Investments LLC grew its position in shares of Clean Harbors by 30.6% during the second quarter. Clearbridge Investments LLC now owns 1,058,415 shares of the business services provider’s stock valued at $239,361,000 after purchasing an additional 248,240 shares in the last quarter. FMR LLC boosted its stake in Clean Harbors by 12.0% during the third quarter. FMR LLC now owns 1,747,215 shares of the business services provider’s stock valued at $422,319,000 after buying an additional 187,140 shares during the last quarter. Wellington Management Group LLP grew its holdings in Clean Harbors by 3.0% during the 3rd quarter. Wellington Management Group LLP now owns 3,451,751 shares of the business services provider’s stock valued at $834,323,000 after buying an additional 100,394 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Clean Harbors in the 3rd quarter worth approximately $17,258,000. Finally, Handelsbanken Fonder AB raised its holdings in shares of Clean Harbors by 12.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 570,826 shares of the business services provider’s stock worth $137,974,000 after acquiring an additional 63,800 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Clean Harbors news, Director Lauren States sold 308 shares of the company’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the transaction, the director now directly owns 12,226 shares in the company, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Speights sold 610 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $240.14, for a total transaction of $146,485.40. Following the transaction, the insider now directly owns 39,160 shares in the company, valued at approximately $9,403,882.40. This trade represents a 1.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,446 shares of company stock valued at $2,112,800 in the last 90 days. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CLH shares. Robert W. Baird reduced their price target on shares of Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus boosted their target price on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. StockNews.com downgraded shares of Clean Harbors from a “strong-buy” rating to a “buy” rating in a report on Thursday, October 31st. Truist Financial boosted their price objective on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Oppenheimer raised their price objective on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a research note on Monday, January 13th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $269.44.

Clean Harbors Trading Down 1.1 %

Shares of NYSE CLH opened at $243.45 on Thursday. The business’s 50 day moving average price is $241.44 and its 200-day moving average price is $241.58. Clean Harbors, Inc. has a fifty-two week low of $167.28 and a fifty-two week high of $267.11. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. The company has a market cap of $13.12 billion, a price-to-earnings ratio of 31.70 and a beta of 1.24.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, October 30th. The business services provider reported $2.12 earnings per share for the quarter, missing analysts’ consensus estimates of $2.15 by ($0.03). The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.51 billion. Clean Harbors had a return on equity of 17.51% and a net margin of 7.19%. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 EPS. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

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.