Clean Harbors, Inc. (NYSE:CLH) Position Trimmed by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale decreased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH) by 10.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180,000 shares of the business services provider’s stock after selling 20,000 shares during the period. DekaBank Deutsche Girozentrale owned about 0.33% of Clean Harbors worth $35,854,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new position in shares of Clean Harbors during the first quarter worth about $27,000. National Bank of Canada FI bought a new position in shares of Clean Harbors during the fourth quarter worth about $34,000. GAMMA Investing LLC lifted its holdings in Clean Harbors by 47.9% in the first quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after purchasing an additional 56 shares during the period. Blue Trust Inc. lifted its holdings in Clean Harbors by 52.4% in the fourth quarter. Blue Trust Inc. now owns 218 shares of the business services provider’s stock worth $36,000 after purchasing an additional 75 shares during the period. Finally, Creekmur Asset Management LLC acquired a new stake in Clean Harbors in the fourth quarter worth about $50,000. Institutional investors own 90.43% of the company’s stock.

Insider Buying and Selling at Clean Harbors

In other news, insider Alan S. Mckim sold 50,000 shares of the company’s stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the transaction, the insider now owns 2,494,211 shares in the company, valued at approximately $537,527,412.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Lauren States sold 1,148 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $218.14, for a total value of $250,424.72. Following the transaction, the director now owns 13,767 shares in the company, valued at $3,003,133.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alan S. Mckim sold 50,000 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $215.51, for a total value of $10,775,500.00. Following the completion of the transaction, the insider now owns 2,494,211 shares in the company, valued at approximately $537,527,412.61. The disclosure for this sale can be found here. Insiders own 5.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CLH shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $275.00 price objective (up previously from $240.00) on shares of Clean Harbors in a report on Thursday. Truist Financial upped their price objective on shares of Clean Harbors from $240.00 to $260.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Oppenheimer upped their price objective on shares of Clean Harbors from $245.00 to $252.00 and gave the stock an “outperform” rating in a report on Thursday. Raymond James upped their price target on shares of Clean Harbors from $225.00 to $235.00 and gave the company a “strong-buy” rating in a report on Thursday, May 2nd. Finally, The Goldman Sachs Group upped their price target on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Clean Harbors has an average rating of “Buy” and an average price target of $242.40.

Clean Harbors Trading Down 3.0 %

CLH stock traded down $7.39 during mid-day trading on Friday, reaching $235.00. 456,023 shares of the stock traded hands, compared to its average volume of 304,903. The company has a current ratio of 2.10, a quick ratio of 1.72 and a debt-to-equity ratio of 1.14. Clean Harbors, Inc. has a 52-week low of $132.92 and a 52-week high of $246.28. The company has a market cap of $12.68 billion, a P/E ratio of 34.01 and a beta of 1.21. The stock’s fifty day moving average is $224.13 and its 200-day moving average is $202.98.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, July 31st. The business services provider reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.21 by $0.25. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.56 earnings per share for the current year.

Clean Harbors Profile

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.