BlackRock Amends Clean Harbors Stake, Signals Passive Investment
Ticker: CLH · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 822818
| Field | Detail |
|---|---|
| Company | Clean Harbors Inc (CLH) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Clean Harbors stake, confirming its passive investment.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 25, 2024, indicating its ownership of Clean Harbors Inc. common stock as of December 31, 2023. This filing, Amendment No. 10, updates BlackRock's passive investment position in the hazardous waste management company. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal confidence or lack thereof in the stock, potentially influencing market perception and trading activity.
Why It Matters
This filing confirms BlackRock's continued significant, albeit passive, investment in Clean Harbors, which can reassure investors about the stock's institutional backing.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive stake in Clean Harbors, but this routine update doesn't warrant immediate action. It's a data point for long-term institutional interest.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Clean Harbors Inc. (company) — the subject company, a hazardous waste management firm
- December 31, 2023 (date) — the date of the event requiring the filing
- January 25, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 10 (number) — the specific amendment number of the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 10' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as stated under '(1)Names of reporting persons. BlackRock, Inc.' in the filing.
What is the subject company of this filing?
The subject company is CLEAN HARBORS INC, as clearly stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CLEAN HARBORS INC'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the document: 'December 31, 2023 (Date of Event Which Requires Filing of this Statement)'.
Under which rule is this Schedule 13G/A filed?
This Schedule 13G/A is filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)' in the 'Check the appropriate box to designate the rule pursuant to which this Schedule is filed' section.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding CLEAN HARBORS INC (CLH).