Diametric Capital LP Sells 976 Shares of Clean Harbors, Inc. (NYSE:CLH)

Diametric Capital LP reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 38.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,563 shares of the business services provider’s stock after selling 976 shares during the period. Diametric Capital LP’s holdings in Clean Harbors were worth $360,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA lifted its position in shares of Clean Harbors by 72.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider’s stock worth $381,602,000 after purchasing an additional 697,630 shares during the period. Norges Bank purchased a new stake in Clean Harbors during the fourth quarter worth $136,974,000. Wellington Management Group LLP boosted its position in Clean Harbors by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider’s stock valued at $930,707,000 after acquiring an additional 592,341 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Clean Harbors in the 4th quarter valued at $57,956,000. Finally, Allianz Asset Management GmbH raised its position in shares of Clean Harbors by 50.4% in the 4th quarter. Allianz Asset Management GmbH now owns 297,066 shares of the business services provider’s stock worth $68,367,000 after acquiring an additional 99,591 shares in the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Robert W. Baird cut their target price on Clean Harbors from $285.00 to $272.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. Truist Financial cut their price objective on shares of Clean Harbors from $280.00 to $270.00 and set a “buy” rating on the stock in a research 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 Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a report on Thursday, February 20th. Finally, TD Cowen assumed coverage on Clean Harbors in a report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective for the company. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $266.56.

Insider Buying and Selling

In other news, Director Lauren States sold 308 shares of the company’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $239.04, for a total value of $73,624.32. Following the sale, the director now directly owns 12,226 shares of the company’s stock, valued at $2,922,503.04. This represents a 2.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eric J. Dugas bought 1,050 shares of Clean Harbors stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of $191.38 per share, with a total value of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares of the company’s stock, valued at $4,638,668.44. The trade was a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 3,341 shares of company stock worth $663,041. 5.90% of the stock is owned by company insiders.

Clean Harbors Price Performance

NYSE CLH opened at $200.65 on Wednesday. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 27.04 and a beta of 1.22. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. The stock’s fifty day moving average price is $215.05 and its 200 day moving average price is $234.76. Clean Harbors, Inc. has a 1 year low of $186.54 and a 1 year high of $267.11.

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

About Clean Harbors

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.