Nuveen Asset Management LLC Cuts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Nuveen Asset Management LLC trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,584 shares of the business services provider’s stock after selling 20,662 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.21% of Clean Harbors worth $25,450,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Traynor Capital Management Inc. grew its holdings in Clean Harbors by 3.6% in the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider’s stock worth $334,000 after purchasing an additional 50 shares during the last quarter. Williamson Legacy Group LLC grew its holdings in Clean Harbors by 1.4% in the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider’s stock worth $858,000 after purchasing an additional 53 shares during the last quarter. Deutsche Bank AG grew its holdings in Clean Harbors by 1.0% in the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider’s stock worth $1,333,000 after purchasing an additional 56 shares during the last quarter. Scotia Capital Inc. grew its holdings in Clean Harbors by 0.4% in the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider’s stock worth $3,282,000 after purchasing an additional 59 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in Clean Harbors by 15.7% in the fourth quarter. Blue Trust Inc. now owns 441 shares of the business services provider’s stock worth $107,000 after purchasing an additional 60 shares during the last quarter. 90.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CLH has been the topic of several analyst reports. Needham & Company LLC cut their price target on shares of Clean Harbors from $268.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Truist Financial cut their price target on shares of Clean Harbors from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. The Goldman Sachs Group cut their price target on shares of Clean Harbors from $250.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, March 19th. Robert W. Baird lifted their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, UBS Group cut their price target on shares of Clean Harbors from $240.00 to $205.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $257.67.

Insider Activity at Clean Harbors

In related news, insider Robert Speights sold 2,725 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the transaction, the insider now directly owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eric J. Dugas bought 1,050 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of $191.38 per share, with a total value of $200,949.00. Following the completion of the transaction, the chief financial officer now directly owns 24,238 shares of the company’s stock, valued at $4,638,668.44. This trade represents a 4.53% increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.60% of the stock is currently owned by insiders.

Clean Harbors Price Performance

Shares of CLH opened at $227.65 on Friday. The firm has a market capitalization of $12.20 billion, a PE ratio of 30.68 and a beta of 1.19. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company’s fifty day moving average price is $209.23 and its 200-day moving average price is $225.28.

Clean Harbors (NYSE:CLH) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.29 earnings per share. On average, equities research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

About Clean Harbors

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.