Legato Capital Management LLC Sells 1,046 Shares of Clean Harbors, Inc. (NYSE:CLH)

Legato Capital Management LLC trimmed its position in Clean Harbors, Inc. (NYSE:CLH) by 10.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,596 shares of the business services provider’s stock after selling 1,046 shares during the period. Legato Capital Management LLC’s holdings in Clean Harbors were worth $1,978,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CLH. Sanctuary Advisors LLC acquired a new stake in Clean Harbors in the 2nd quarter valued at approximately $305,000. CWM LLC grew its stake in shares of Clean Harbors by 76.2% during the 3rd quarter. CWM LLC now owns 2,380 shares of the business services provider’s stock worth $575,000 after acquiring an additional 1,029 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Clean Harbors by 63.4% in the third quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 83 shares during the last quarter. Creative Planning lifted its position in shares of Clean Harbors by 10.8% in the third quarter. Creative Planning now owns 3,147 shares of the business services provider’s stock worth $761,000 after purchasing an additional 308 shares in the last quarter. Finally, nVerses Capital LLC acquired a new position in Clean Harbors during the third quarter worth $387,000. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Performance

Shares of NYSE CLH opened at $233.81 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.76 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $12.60 billion, a P/E ratio of 30.44 and a beta of 1.24. Clean Harbors, Inc. has a 12 month low of $176.02 and a 12 month high of $267.11. The stock has a 50 day moving average of $236.72 and a 200-day moving average of $242.56.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CLH shares. TD Cowen assumed coverage on shares of Clean Harbors in a research note on Friday, December 6th. They issued a “buy” rating and a $325.00 price target on the stock. Truist Financial lifted their target price on Clean Harbors from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Needham & Company LLC reissued a “buy” rating and set a $268.00 price target on shares of Clean Harbors in a research report on Thursday, January 16th. Robert W. Baird lowered their price target on Clean Harbors from $300.00 to $285.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, StockNews.com cut Clean Harbors from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Clean Harbors presently has a consensus rating of “Buy” and a consensus target price of $269.44.

Insider Buying and Selling at Clean Harbors

In other news, Director Lauren States sold 308 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $249.78, for a total transaction of $76,932.24. Following the transaction, the director now owns 12,842 shares in the company, valued at approximately $3,207,674.76. This trade represents a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Brian P. Weber sold 861 shares of Clean Harbors stock in a transaction that occurred 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 sale, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders sold 7,836 shares of company stock valued at $1,966,314 in the last quarter. 5.90% of the stock is currently owned by insiders.

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.