Barclays PLC Acquires 15,671 Shares of Clean Harbors, Inc. (NYSE:CLH)

by · The Cerbat Gem

Barclays PLC boosted its stake in shares of Clean Harbors, Inc. (NYSE:CLH – Free Report) by 55.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,727 shares of the business services provider’s stock after buying an additional 15,671 shares during the period. Barclays PLC owned 0.08% of Clean Harbors worth $10,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CLH. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Clean Harbors by 2,650.0% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider’s stock worth $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP raised its holdings in Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider’s stock worth $44,000 after purchasing an additional 103 shares in the last quarter. Assetmark Inc. lifted its position in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider’s stock valued at $48,000 after buying an additional 205 shares during the last quarter. Physician Wealth Advisors Inc. bought a new stake in shares of Clean Harbors in the 4th quarter valued at about $56,000. Finally, UMB Bank n.a. grew its position in shares of Clean Harbors by 30.8% in the 4th quarter. UMB Bank n.a. now owns 280 shares of the business services provider’s stock worth $64,000 after buying an additional 66 shares during the last quarter. Institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the transaction, the insider now owns 40,008 shares of the company’s stock, valued at approximately $7,619,123.52. The trade was a 6.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eric J. Dugas bought 1,050 shares of the stock in a transaction dated Monday, March 10th. The shares were purchased at an average cost of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the purchase, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. This represents a 4.53 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

CLH has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Oppenheimer lowered their price objective on Clean Harbors from $256.00 to $254.00 and set an “outperform” rating for the company in a research report on Thursday, February 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research report on Thursday, February 20th. StockNews.com downgraded Clean Harbors from a “buy” rating to a “hold” rating in a report on Friday, April 18th. Finally, Truist Financial dropped their price target on Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.40.

View Our Latest Analysis on Clean Harbors

Clean Harbors Price Performance

Shares of NYSE CLH opened at $208.48 on Wednesday. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The firm has a market cap of $11.30 billion, a P/E ratio of 28.10 and a beta of 1.11. The business’s 50 day moving average price is $202.28 and its 200 day moving average price is $229.52.

Clean Harbors (NYSE:CLH – Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.19. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business earned $1.82 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current year.

Clean Harbors Profile

(Free Report)

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.

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