Clean Harbors Inc (NYSE:CLH) Shares Sold by MetLife Investment Advisors LLC

MetLife Investment Advisors LLC lessened its holdings in shares of Clean Harbors Inc (NYSE:CLH) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,076 shares of the business services provider’s stock after selling 174 shares during the quarter. MetLife Investment Advisors LLC owned approximately 0.06% of Clean Harbors worth $1,534,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Quantamental Technologies LLC bought a new stake in shares of Clean Harbors during the fourth quarter worth approximately $34,000. Enlightenment Research LLC bought a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $35,000. Belpointe Asset Management LLC bought a new stake in shares of Clean Harbors in the third quarter valued at approximately $128,000. Brown Brothers Harriman & Co. bought a new stake in shares of Clean Harbors in the third quarter valued at approximately $143,000. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of Clean Harbors in the fourth quarter valued at approximately $178,000. 93.00% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts recently issued reports on the company. UBS Group boosted their price target on Clean Harbors from $70.00 to $73.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Zacks Investment Research cut Clean Harbors from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. TheStreet upgraded Clean Harbors from a “c+” rating to a “b-” rating in a research note on Tuesday, March 12th. Finally, BMO Capital Markets boosted their price target on Clean Harbors from $60.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, February 28th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $69.71.

NYSE CLH traded up $0.18 on Wednesday, hitting $74.50. 1,318,700 shares of the company’s stock were exchanged, compared to its average volume of 482,571. The company has a debt-to-equity ratio of 1.34, a current ratio of 2.00 and a quick ratio of 1.66. Clean Harbors Inc has a 52 week low of $44.74 and a 52 week high of $75.01. The stock has a market capitalization of $4.15 billion, a PE ratio of 59.13 and a beta of 1.55.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, February 27th. The business services provider reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.09. Clean Harbors had a return on equity of 6.06% and a net margin of 1.99%. The firm had revenue of $858.20 million during the quarter, compared to analysts’ expectations of $824.69 million. During the same period in the prior year, the company earned ($0.06) earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, sell-side analysts expect that Clean Harbors Inc will post 1.67 earnings per share for the current year.

In other news, CFO Michael Louis Battles sold 4,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $69.74, for a total transaction of $278,960.00. Following the completion of the transaction, the chief financial officer now directly owns 47,007 shares in the company, valued at $3,278,268.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Brian P. Weber sold 1,777 shares of the company’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $71.00, for a total transaction of $126,167.00. Following the transaction, the executive vice president now owns 57,311 shares of the company’s stock, valued at $4,069,081. The disclosure for this sale can be found here. Insiders have sold 16,777 shares of company stock valued at $1,156,877 over the last 90 days. Corporate insiders own 8.70% of the company’s stock.

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About Clean Harbors

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. The company operates through two segments, Environmental Services and Safety-Kleen. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste that include resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and CleanPack, a service to collect, identify, categorize, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous wastes.

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Institutional Ownership by Quarter for Clean Harbors (NYSE:CLH)

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