BlackRock Amends Clean Harbors Stake, Signals 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

From the Filing

0001086364-24-003771.txt : 20240125 0001086364-24-003771.hdr.sgml : 20240125 20240125165927 ACCESSION NUMBER: 0001086364-24-003771 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CLEAN HARBORS INC CENTRAL INDEX KEY: 0000822818 STANDARD INDUSTRIAL CLASSIFICATION: HAZARDOUS WASTE MANAGEMENT [4955] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 042997780 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-39179 FILM NUMBER: 24562969 BUSINESS ADDRESS: STREET 1: 42 LONGWATER DRIVE STREET 2: P.O. BOX 9149 CITY: NORWELL STATE: MA ZIP: 02061-9149 BUSINESS PHONE: 781-792-5000 MAIL ADDRESS: STREET 1: 42 LONGWATER DRIVE CITY: NORWELL STATE: MA ZIP: 02061-9149 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us1844961078_012524.txt us1844961078_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 10) CLEAN HARBORS INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 184496107 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 184496107 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 4198502 (6) Shared voting power 0 (7) Sole dispositive power 4393473 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 4393473 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.1% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CLEAN HARBORS INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 42 LONGWATER DRIVE NORWELL MA 02061-9149 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: --------