Hudson Edge Investment Partners Inc. Sells 1,461 Shares of Clean Harbors, Inc. (NYSE:CLH)

Hudson Edge Investment Partners Inc. reduced its position in Clean Harbors, Inc. (NYSE:CLH) by 57.3% in the 2nd quarter, Holdings Channel reports. The firm owned 1,090 shares of the business services provider’s stock after selling 1,461 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in Clean Harbors were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of Clean Harbors by 5.3% in the 4th quarter. Wellington Management Group LLP now owns 3,654,929 shares of the business services provider’s stock valued at $637,822,000 after buying an additional 182,622 shares in the last quarter. Janus Henderson Group PLC raised its position in Clean Harbors by 5.2% in the first quarter. Janus Henderson Group PLC now owns 1,586,461 shares of the business services provider’s stock worth $319,371,000 after purchasing an additional 78,848 shares in the last quarter. Bessemer Group Inc. lifted its stake in Clean Harbors by 1.2% during the first quarter. Bessemer Group Inc. now owns 1,013,449 shares of the business services provider’s stock worth $204,019,000 after purchasing an additional 12,411 shares during the period. Clearbridge Investments LLC lifted its stake in Clean Harbors by 9.4% during the first quarter. Clearbridge Investments LLC now owns 810,175 shares of the business services provider’s stock worth $163,096,000 after purchasing an additional 69,578 shares during the period. Finally, Norges Bank acquired a new stake in Clean Harbors during the fourth quarter valued at approximately $87,074,000. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Trading Down 1.9 %

CLH stock traded down $4.58 during trading on Friday, hitting $231.76. The company had a trading volume of 257,679 shares, compared to its average volume of 303,890. The firm has a 50-day moving average price of $232.63 and a 200-day moving average price of $213.95. Clean Harbors, Inc. has a 12 month low of $132.92 and a 12 month high of $247.24. The company has a quick ratio of 1.76, a current ratio of 2.10 and a debt-to-equity ratio of 1.14. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 33.54 and a beta of 1.20.

Clean Harbors (NYSE:CLH) last released its earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.53 billion. Clean Harbors had a return on equity of 17.12% and a net margin of 6.97%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.13 earnings per share. As a group, analysts predict that Clean Harbors, Inc. will post 7.65 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Alan S. Mckim sold 50,000 shares of Clean Harbors stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $215.51, for a total transaction of $10,775,500.00. Following the completion of the sale, 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 SEC, which can be accessed through this link. Company insiders own 5.90% of the company’s stock.

Analysts Set New Price Targets

CLH has been the subject of several analyst reports. StockNews.com downgraded Clean Harbors from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Stifel Nicolaus reissued a “buy” rating and set a $275.00 price objective (up from $240.00) on shares of Clean Harbors in a report on Thursday, August 1st. Truist Financial upped their target price 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. The Goldman Sachs Group lifted 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, August 1st. Finally, 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 research note on Thursday, August 1st. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $242.40.

Clean Harbors Company 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.