Bank of Montreal Can lowered its stake in shares of Clean Harbors Inc (NYSE:CLH) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,048 shares of the business services provider’s stock after selling 4,565 shares during the quarter. Bank of Montreal Can owned approximately 0.06% of Clean Harbors worth $1,632,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in CLH. Belpointe Asset Management LLC acquired a new stake in shares of Clean Harbors during the third quarter worth approximately $128,000. Brown Brothers Harriman & Co. acquired a new stake in shares of Clean Harbors during the third quarter worth approximately $143,000. Ibex Investors LLC acquired a new stake in shares of Clean Harbors during the third quarter worth approximately $211,000. Creative Planning acquired a new stake in shares of Clean Harbors during the third quarter worth approximately $213,000. Finally, Parametrica Management Ltd acquired a new stake in shares of Clean Harbors during the third quarter worth approximately $239,000. 94.92% of the stock is owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on CLH shares. Oppenheimer reissued a “hold” rating on shares of Clean Harbors in a research report on Wednesday, October 31st. UBS Group set a $56.00 price target on shares of Clean Harbors and gave the stock a “sell” rating in a research report on Thursday, November 1st. BMO Capital Markets decreased their price target on shares of Clean Harbors from $78.00 to $76.00 and set an “outperform” rating for the company in a research report on Thursday, November 1st. TheStreet downgraded shares of Clean Harbors from a “b-” rating to a “c+” rating in a research report on Thursday, December 27th. Finally, Zacks Investment Research downgraded shares of Clean Harbors from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $66.75.

Clean Harbors stock opened at $59.34 on Thursday. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 179.82 and a beta of 1.37. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.04 and a quick ratio of 1.70. Clean Harbors Inc has a 12 month low of $44.74 and a 12 month high of $72.50.

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Clean Harbors Profile

Clean Harbors, Inc provides environmental, energy, and industrial services in North America. It operates through Technical Services; Industrial and Field Services; Safety-Kleen; and Oil, Gas and Lodging Services segments. The company's Technical Services segment provides a range of hazardous material management services, including the packaging, collection, transportation, treatment, and disposal of hazardous and non-hazardous waste at its incinerator, landfill, wastewater, and other treatment facilities.

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

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