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

MassMutual Private Wealth & Trust FSB decreased its position in Clean Harbors, Inc. (NYSE:CLH) by 43.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,422 shares of the business services provider’s stock after selling 1,074 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Clean Harbors were worth $327,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its stake in shares of Clean Harbors by 30.8% in the fourth 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 in the last quarter. Avanza Fonder AB purchased a new position in Clean Harbors in the 4th quarter worth approximately $191,000. Border to Coast Pensions Partnership Ltd bought a new position in Clean Harbors in the 4th quarter valued at approximately $4,600,000. Redhawk Wealth Advisors Inc. boosted its stake in Clean Harbors by 6.7% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 12,230 shares of the business services provider’s stock valued at $2,815,000 after purchasing an additional 765 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Clean Harbors in the 4th quarter worth $8,100,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 6,051 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $250.42, for a total value of $1,515,291.42. Following the completion of the transaction, the chief executive officer now directly owns 55,657 shares in the company, valued at $13,937,625.94. This represents a 9.81 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Speights sold 610 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $240.14, for a total transaction of $146,485.40. Following the sale, the insider now owns 39,160 shares in the company, valued at $9,403,882.40. The trade was 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 over the last quarter. 5.90% of the stock is currently owned by company insiders.

Clean Harbors Stock Down 1.1 %

Shares of CLH stock opened at $243.45 on Thursday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. Clean Harbors, Inc. has a 12 month low of $167.28 and a 12 month high of $267.11. The stock has a market cap of $13.12 billion, a P/E ratio of 31.70 and a beta of 1.24. The company has a 50 day simple moving average of $241.44 and a two-hundred day simple moving average of $241.58.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $2.15 by ($0.03). The company 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 company’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter last year, the company earned $1.68 earnings per share. On average, research analysts expect that Clean Harbors, Inc. will post 7.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Oppenheimer upped their price target on Clean Harbors from $255.00 to $256.00 and gave the company an “outperform” rating in a report on Monday, January 13th. Needham & Company LLC restated a “buy” rating and set a $268.00 target price on shares of Clean Harbors in a research note on Thursday, January 16th. Stifel Nicolaus lifted their price target on shares of Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. TD Cowen started coverage on shares of Clean Harbors in a research report on Friday, December 6th. They set a “buy” rating and a $325.00 price objective on the stock. Finally, Truist Financial raised their target price on shares of Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Clean Harbors has a consensus rating of “Buy” and a consensus price target of $269.44.

Clean Harbors Company 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.