Comerica Bank Has $6.07 Million Holdings in Clean Harbors Inc (NYSE:CLH)

Comerica Bank raised its position in shares of Clean Harbors Inc (NYSE:CLH) by 20.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,929 shares of the business services provider’s stock after purchasing an additional 18,682 shares during the period. Comerica Bank owned about 0.19% of Clean Harbors worth $6,068,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLH. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Clean Harbors by 49.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,120 shares of the business services provider’s stock worth $169,000 after buying an additional 1,039 shares during the last quarter. Zions Bancorporation acquired a new position in Clean Harbors in the 3rd quarter worth about $189,000. Balyasny Asset Management LLC acquired a new position in Clean Harbors in the 2nd quarter worth about $203,000. Stifel Financial Corp acquired a new position in Clean Harbors in the 3rd quarter worth about $211,000. Finally, Shelton Capital Management acquired a new position in Clean Harbors in the 2nd quarter worth about $221,000. 91.43% of the stock is owned by institutional investors and hedge funds.

In related news, COO Eric W. Gerstenberg sold 7,150 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $52.77, for a total transaction of $377,305.50. Following the sale, the chief operating officer now owns 86,202 shares in the company, valued at $4,548,879.54. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Brian P. Weber sold 1,870 shares of the stock in a transaction dated Thursday, December 28th. The stock was sold at an average price of $53.00, for a total transaction of $99,110.00. Following the sale, the executive vice president now owns 57,205 shares in the company, valued at approximately $3,031,865. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,484 shares of company stock worth $554,180. 8.90% of the stock is owned by company insiders.

A number of brokerages have commented on CLH. KeyCorp reissued a “hold” rating on shares of Clean Harbors in a report on Wednesday, November 1st. Oppenheimer decreased their price objective on shares of Clean Harbors from $67.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday, November 2nd. Raymond James Financial raised shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. UBS Group upgraded shares of Clean Harbors from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 2nd. Finally, Canaccord Genuity restated a “hold” rating and issued a $57.00 target price on shares of Clean Harbors in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $61.00.

Clean Harbors Inc (NYSE CLH) traded up $0.97 on Friday, reaching $52.40. 173,196 shares of the company traded hands, compared to its average volume of 342,377. The firm has a market capitalization of $2,983.29, a price-to-earnings ratio of 748.68 and a beta of 1.03. Clean Harbors Inc has a 52-week low of $47.95 and a 52-week high of $61.62. The company has a current ratio of 2.19, a quick ratio of 1.86 and a debt-to-equity ratio of 1.44.

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About Clean Harbors

Clean Harbors, Inc is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America.

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

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