Yousif Capital Management LLC Decreases Holdings in Clean Harbors, Inc. (NYSE:CLH)

Yousif Capital Management LLC lowered its holdings in Clean Harbors, Inc. (NYSE:CLH) by 4.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 17,965 shares of the business services provider’s stock after selling 786 shares during the quarter. Yousif Capital Management LLC’s holdings in Clean Harbors were worth $4,134,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Creative Planning increased its stake in Clean Harbors by 21.2% in the second quarter. Creative Planning now owns 2,839 shares of the business services provider’s stock valued at $642,000 after purchasing an additional 496 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Clean Harbors in the 2nd quarter valued at $305,000. SG Americas Securities LLC grew its position in shares of Clean Harbors by 108.1% in the 3rd quarter. SG Americas Securities LLC now owns 2,824 shares of the business services provider’s stock valued at $683,000 after buying an additional 37,817 shares during the last quarter. GAMMA Investing LLC raised its stake in Clean Harbors by 34.8% during the 3rd quarter. GAMMA Investing LLC now owns 562 shares of the business services provider’s stock worth $136,000 after acquiring an additional 145 shares in the last quarter. Finally, CWM LLC lifted its position in Clean Harbors by 76.2% in the third quarter. CWM LLC now owns 2,380 shares of the business services provider’s stock valued at $575,000 after acquiring an additional 1,029 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of a number of research analyst reports. Oppenheimer lifted their target price on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. StockNews.com lowered Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. TD Cowen started coverage on Clean Harbors in a report on Friday, December 6th. They issued a “buy” rating and a $325.00 price objective for the company. Truist Financial lifted their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research note on Thursday, January 16th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $269.44.

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 6,051 shares of Clean Harbors stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $250.42, for a total value of $1,515,291.42. Following the sale, the chief executive officer now directly owns 55,657 shares in the company, valued at $13,937,625.94. The trade was a 9.81 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lauren States sold 308 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $249.78, for a total value of $76,932.24. Following the transaction, the director now directly owns 12,842 shares in the company, valued at $3,207,674.76. This represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,836 shares of company stock valued at $1,966,314 over the last quarter. Corporate insiders own 5.90% of the company’s stock.

Clean Harbors Stock Performance

NYSE:CLH opened at $234.09 on Friday. The firm has a market cap of $12.62 billion, a price-to-earnings ratio of 30.48 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1-year low of $176.02 and a 1-year high of $267.11. The firm’s fifty day moving average price is $237.56 and its 200 day moving average price is $242.23.

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.