Vanguard Discloses 19.8% Stake in Clean Harbors Inc.

Ticker: CLH · Form: SC 13G/A · Filed: 2024-02-13T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investment

TL;DR

**Vanguard still owns a huge chunk of Clean Harbors, showing strong institutional backing.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Clean Harbors Inc. As of December 29, 2023, Vanguard beneficially owned 10,741,757 shares of Clean Harbors' Common Stock, representing 19.8% of the company. This filing indicates a significant, but slightly reduced, passive stake by one of the world's largest asset managers, which matters to investors as it signals continued institutional confidence in Clean Harbors, despite a minor decrease in their overall percentage ownership.

Why It Matters

This filing shows that Vanguard, a major institutional investor, continues to hold a substantial portion of Clean Harbors, which can be a sign of long-term stability and confidence in the company's prospects.

Risk Assessment

Risk Level: low — This filing indicates a passive investment by a large institutional holder, which generally reduces volatility and signals stability.

Analyst Insight

A smart investor would note Vanguard's continued, albeit slightly reduced, significant stake as a sign of long-term institutional confidence, but also monitor future filings for any substantial changes in ownership percentage that could signal a shift in their investment thesis.

Key Numbers

10,741,757 — Shares Beneficially Owned (Represents the total number of Clean Harbors Common Stock shares Vanguard holds.)
19.8% — Percentage of Class (Indicates Vanguard's significant ownership stake in Clean Harbors, showing strong institutional presence.)
December 29, 2023 — Event Date (The specific date on which Vanguard's ownership triggered the need for this filing.)

Key Players & Entities

The Vanguard Group (company) — reporting person and major institutional investor
Clean Harbors Inc (company) — subject company whose shares are being reported
10,741,757 (dollar_amount) — number of shares beneficially owned by Vanguard
19.8% (dollar_amount) — percentage of Clean Harbors' Common Stock owned by Vanguard
December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

Vanguard will maintain a significant, passive stake in Clean Harbors Inc. throughout 2024. (The Vanguard Group) — high confidence, target: December 31, 2024
Clean Harbors Inc. will continue to be viewed favorably by institutional investors due to Vanguard's large holding. (Clean Harbors Inc.) — medium confidence, target: June 30, 2024

FAQ

Who filed this SC 13G/A amendment?

The Vanguard Group, with IRS Identification No. 23-1945930, filed this SC 13G/A amendment regarding Clean Harbors Inc.

What is the subject company of this filing?

The subject company is Clean Harbors Inc, with CIK 0000822818, which operates in Hazardous Waste Management (SIC 4955).

What percentage of Clean Harbors Inc. Common Stock does Vanguard beneficially own as of the event date?

As of December 29, 2023, The Vanguard Group beneficially owns 19.8% of Clean Harbors Inc.'s Common Stock.

How many shares of Clean Harbors Inc. Common Stock does Vanguard beneficially own?

The Vanguard Group beneficially owns 10,741,757 shares of Clean Harbors Inc.'s Common Stock.

What was the date of the event that required this filing?

The date of the event which required the filing of this statement was December 29, 2023.

From the Filing

0001104659-24-020619.txt : 20240213 0001104659-24-020619.hdr.sgml : 20240213 20240213170231 ACCESSION NUMBER: 0001104659-24-020619 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 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: 24627877 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: VANGUARD GROUP INC CENTRAL INDEX KEY: 0000102909 ORGANIZATION NAME: IRS NUMBER: 231945930 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482-2600 SC 13G/A 1 tv0619-cleanharborsinc.htm SCHEDULE 13G/A cleanharborsinc SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No.: 11)* Name of issuer:  Clean Harbors Inc Title of Class of Securities:  Common Stock CUSIP Number:  184496107 Date of Event Which Requires Filing of this Statement: December 29, 2023 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☒ 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). (Continued on the following page(s))     13G CUSIP No.:  184496107 1.  NAME OF REPORTING PERSON I.R.S. IDENTIFICATION NO. OF ABOVE PERSON The Vanguard Group - 23-1945930 2.  CHECK THE APPROPRIATE [LINE] IF A MEMBER OF A GROUP A.  B.  X 3.  SEC USE ONLY 4.  CITIZENSHIP OF PLACE OF ORGANIZATION Pennsylvania (For questions 5-8, report the number of shares beneficially owned by each reporting person with:) 5.  SOLE VOTING POWER 0 6.  SHARED VOTING POWER 17,775 7.  SOLE DISPOSITIVE POWER 4,706,995 8.  SHARED DISPOSITIVE POWER 72,077 9.  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,779,072 10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES N/A 11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 8.84% 12.  TYPE OF REPORTING PERSON IA     SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G Under the Securities Act of 1934 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(a) - Name of Person Filing: The Vanguard Group - 23-1945930 Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355 Item 2(c) – Citizenship: Pennsylvania Item 2(d) - Title of Class of Securities: Common Stock Item 2(e) - CUSIP Number 184496107 Item 3 -