Massmutual Trust Co. FSB ADV Sells 191 Shares of Clean Harbors, Inc. (NYSE:CLH)

Massmutual Trust Co. FSB ADV cut its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 7.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,496 shares of the business services provider’s stock after selling 191 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Clean Harbors were worth $603,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of CLH. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Clean Harbors in the fourth quarter valued at $732,000. Mountain Pacific Investment Advisers Inc. ID bought a new position in Clean Harbors in the 1st quarter worth approximately $14,161,000. Perpetual Ltd raised its position in Clean Harbors by 9.6% in the 1st quarter. Perpetual Ltd now owns 52,801 shares of the business services provider’s stock worth $10,629,000 after purchasing an additional 4,606 shares during the last quarter. Wellington Management Group LLP boosted its position in Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after buying an additional 182,622 shares during the last quarter. Finally, Swedbank AB increased its stake in shares of Clean Harbors by 83.3% in the 2nd quarter. Swedbank AB now owns 110,000 shares of the business services provider’s stock valued at $24,876,000 after buying an additional 50,000 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Michael Louis Battles sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Lauren States sold 309 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $244.09, for a total transaction of $75,423.81. Following the completion of the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at $3,284,963.22. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Louis Battles sold 10,000 shares of Clean Harbors stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $245.74, for a total value of $2,457,400.00. Following the completion of the sale, the chief executive officer now directly owns 77,136 shares in the company, valued at approximately $18,955,400.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 5.90% of the stock is owned by insiders.

Clean Harbors Price Performance

CLH opened at $245.56 on Friday. The stock has a market cap of $13.24 billion, a P/E ratio of 35.54 and a beta of 1.20. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $251.65. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The company has a fifty day simple moving average of $238.93 and a 200 day simple moving average of $221.28.

Clean Harbors (NYSE:CLH) last posted its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The company’s revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 earnings per share. On average, research analysts expect that Clean Harbors, Inc. will post 7.65 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CLH. The Goldman Sachs Group upped their price target on Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Truist Financial raised their target price on shares of Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Oppenheimer lifted their price target on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 27th. Finally, Robert W. Baird upped their target price on shares of Clean Harbors from $242.00 to $268.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $242.40.

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.