Sumitomo Mitsui Trust Group Inc. Has $295,000 Stake in Clean Harbors, Inc. (NYSE:CLH)

Sumitomo Mitsui Trust Group Inc. raised its holdings in Clean Harbors, Inc. (NYSE:CLH) by 6.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,283 shares of the business services provider’s stock after buying an additional 77 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Clean Harbors were worth $295,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLH. FMR LLC grew its holdings in Clean Harbors by 12.0% in 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 during the last quarter. Wellington Management Group LLP grew its holdings 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 buying an additional 100,394 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Clean Harbors in the 3rd quarter worth approximately $17,258,000. Franklin Resources Inc. lifted its position 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 period. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Clean Harbors in the 4th quarter worth approximately $8,100,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $268.00 price objective on shares of Clean Harbors in a research report on Thursday, January 16th. Oppenheimer raised their price objective on Clean Harbors from $255.00 to $256.00 and gave the stock an “outperform” rating in a research report on Monday, January 13th. Robert W. Baird reduced their price objective on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus raised their price objective on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $269.44.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total value of $224,987.91. Following the completion of the sale, the executive vice president now directly owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. This trade represents a 1.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lauren States sold 308 shares of Clean Harbors stock in a transaction on Monday, December 16th. The shares were sold at an average price of $245.06, for a total value of $75,478.48. Following the completion of the sale, the director now directly owns 12,534 shares of the company’s stock, valued at $3,071,582.04. This trade represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,477 shares of company stock worth $374,091. 5.90% of the stock is currently owned by insiders.

Clean Harbors Price Performance

Clean Harbors stock opened at $229.49 on Friday. The business has a 50 day simple moving average of $235.55 and a 200 day simple moving average of $242.57. 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 one year low of $176.02 and a one year high of $267.11. The company has a market capitalization of $12.37 billion, a PE ratio of 29.88 and a beta of 1.24.

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.