Clean Harbors, Inc. (NYSE:CLH) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in Clean Harbors, Inc. (NYSE:CLH) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 53,817 shares of the business services provider’s stock after selling 55 shares during the quarter. State of Alaska Department of Revenue’s holdings in Clean Harbors were worth $12,384,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its position in shares of Clean Harbors by 12.0% during the 3rd 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 in the last quarter. Wellington Management Group LLP raised its stake in Clean Harbors by 3.0% in 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 purchasing an additional 100,394 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Clean Harbors in the 3rd quarter valued at $17,258,000. Franklin Resources Inc. increased its stake in shares of Clean Harbors by 24.2% in the 3rd quarter. Franklin Resources Inc. now owns 205,295 shares of the business services provider’s stock worth $53,313,000 after acquiring an additional 39,976 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake 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 worth $683,000 after acquiring an additional 37,817 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Stock Up 0.1 %

Shares of CLH opened at $236.50 on Friday. The firm has a market cap of $12.75 billion, a P/E ratio of 30.79 and a beta of 1.24. Clean Harbors, Inc. has a 12-month low of $176.02 and a 12-month high of $267.11. The company’s 50-day moving average price is $238.08 and its 200 day moving average price is $242.23. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10.

Analysts Set New Price Targets

A number of brokerages have issued reports on CLH. TD Cowen began coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 target price for the company. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird cut their target price on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Stifel Nicolaus raised their target price on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Oppenheimer raised their target price on Clean Harbors from $255.00 to $256.00 and gave the stock 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 assigned a strong buy rating to the company. According to MarketBeat.com, Clean Harbors presently has a consensus rating of “Buy” and an average target price of $269.44.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $261.31, for a total transaction of $224,987.91. Following the sale, the executive vice president now directly owns 59,346 shares in the company, valued at $15,507,703.26. This represents a 1.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $239.04, for a total transaction of $73,624.32. Following the sale, the director now owns 12,226 shares in the company, valued at $2,922,503.04. This trade represents a 2.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,836 shares of company stock worth $1,966,314 over the last three months. Company insiders own 5.90% of the company’s stock.

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.