Select Equity Group L.P. Purchases 80,436 Shares of Clean Harbors, Inc. (NYSE:CLH)

Select Equity Group L.P. grew its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,751,478 shares of the business services provider's stock after purchasing an additional 80,436 shares during the quarter. Clean Harbors accounts for about 1.6% of Select Equity Group L.P.'s holdings, making the stock its 23rd biggest holding. Select Equity Group L.P. owned about 3.25% of Clean Harbors worth $403,085,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after purchasing an additional 11,814 shares during the period. Wellington Management Group LLP grew its stake in Clean Harbors by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after purchasing an additional 592,341 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in Clean Harbors by 72.6% during the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after purchasing an additional 697,630 shares in the last quarter. Janus Henderson Group PLC grew its stake in Clean Harbors by 0.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after purchasing an additional 13,167 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Clean Harbors by 0.9% in the fourth quarter. Bessemer Group Inc. now owns 1,095,163 shares of the business services provider's stock valued at $252,042,000 after acquiring an additional 9,595 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. StockNews.com raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Oppenheimer cut their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a report on Thursday, February 20th. Robert W. Baird lifted their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Truist Financial cut their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $257.67.

Insider Activity at Clean Harbors

In related news, CFO Eric J. Dugas acquired 1,050 shares of the business's stock in a transaction on Monday, March 10th. The shares were purchased at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the acquisition, the chief financial officer now owns 24,238 shares in the company, valued at approximately $4,638,668.44. This represents a 4.53% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Robert Speights sold 2,725 shares of the business's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total value of $518,949.00. Following the sale, the insider now owns 40,008 shares in the company, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

Clean Harbors Stock Up 0.4%

Shares of Clean Harbors stock traded up $0.82 during trading hours on Tuesday, hitting $233.28. 266,677 shares of the company's stock traded hands, compared to its average volume of 349,714. The stock has a 50 day simple moving average of $206.97 and a 200-day simple moving average of $225.27. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. The company has a market cap of $12.50 billion, a PE ratio of 31.44 and a beta of 1.19. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the company posted $1.29 earnings per share. Clean Harbors's revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

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.