Pinebridge Investments L.P. Purchases 2,844 Shares of Clean Harbors, Inc. (NYSE:CLH)

Pinebridge Investments L.P. boosted its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 42.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,500 shares of the business services provider's stock after acquiring an additional 2,844 shares during the quarter. Pinebridge Investments L.P.'s holdings in Clean Harbors were worth $2,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLH. Skandinaviska Enskilda Banken AB publ boosted its holdings in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after purchasing an additional 159 shares during the last quarter. Allworth Financial LP lifted its position in Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after buying an additional 103 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after buying an additional 205 shares during the last quarter. Physician Wealth Advisors Inc. bought a new position in shares of Clean Harbors in the 4th quarter valued at about $56,000. Finally, UMB Bank n.a. increased its position in shares of Clean Harbors by 30.8% in the fourth quarter. UMB Bank n.a. now owns 280 shares of the business services provider's stock valued at $64,000 after acquiring an additional 66 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CLH has been the subject of several recent research reports. Stifel Nicolaus reduced their price target on Clean Harbors from $290.00 to $285.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. The Goldman Sachs Group lowered their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. BMO Capital Markets cut their price target on shares of Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Truist Financial lowered their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Oppenheimer cut their target price on shares of Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors Stock Performance

CLH traded up $4.99 on Friday, reaching $222.37. The company had a trading volume of 358,108 shares, compared to its average volume of 348,453. The company's fifty day moving average is $201.32 and its 200 day moving average is $227.28. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. The stock has a market cap of $12.05 billion, a P/E ratio of 29.97 and a beta of 1.11. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11.

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

Insider Transactions at Clean Harbors

In other Clean Harbors news, insider Robert Speights sold 2,725 shares of Clean Harbors stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $190.44, for a total value of $518,949.00. Following the completion of the sale, the insider now owns 40,008 shares in the company, valued at $7,619,123.52. The trade was a 6.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric J. Dugas bought 1,050 shares of the firm's stock in a transaction on Monday, March 10th. The shares were acquired at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the transaction, 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 disclosure for this purchase can be found here. Insiders own 5.60% of the company's stock.

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.