Robertson Stephens Wealth Management LLC Trims Stake in Clean Harbors, Inc. (NYSE:CLH)

Robertson Stephens Wealth Management LLC cut its holdings in Clean Harbors, Inc. (NYSE:CLH) by 73.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,693 shares of the business services provider’s stock after selling 4,801 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Clean Harbors were worth $390,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Reliant Investment Management LLC purchased a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $4,386,000. Fiduciary Alliance LLC purchased a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $846,000. Mountain Pacific Investment Advisers LLC increased its position in shares of Clean Harbors by 4.5% in the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider’s stock valued at $22,793,000 after buying an additional 4,240 shares in the last quarter. Barclays PLC increased its position in shares of Clean Harbors by 44.5% in the third quarter. Barclays PLC now owns 28,056 shares of the business services provider’s stock valued at $6,781,000 after buying an additional 8,639 shares in the last quarter. Finally, Advisor Resource Council purchased a new stake in shares of Clean Harbors in the third quarter valued at approximately $926,000. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 861 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $261.31, for a total transaction of $224,987.91. Following the transaction, the executive vice president now owns 59,346 shares of the company’s stock, valued at approximately $15,507,703.26. The trade was a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lauren States sold 308 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $249.78, for a total value of $76,932.24. Following the transaction, the director now directly owns 12,842 shares in the company, valued at $3,207,674.76. This trade represents a 2.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,836 shares of company stock valued at $1,966,314. Insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CLH shares. Robert W. Baird cut 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 lifted their price target on Clean Harbors from $270.00 to $290.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Truist Financial lifted their price target on Clean Harbors from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. TD Cowen assumed coverage on Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $268.00 price target on shares of Clean Harbors in a research note on Thursday, January 16th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $269.44.

Clean Harbors Stock Performance

NYSE CLH opened at $234.09 on Friday. The stock’s fifty day moving average is $237.56 and its two-hundred day moving average is $242.23. The firm has a market capitalization of $12.62 billion, a P/E ratio of 30.48 and a beta of 1.24. The company has a debt-to-equity ratio of 1.10, a quick ratio of 1.76 and a current ratio of 2.10. Clean Harbors, Inc. has a fifty-two week low of $176.02 and a fifty-two week high of $267.11.

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.