Ethic Inc. Boosts Holdings in Clean Harbors, Inc. (NYSE:CLH)

Ethic Inc. boosted its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 127.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,095 shares of the business services provider's stock after purchasing an additional 1,734 shares during the quarter. Ethic Inc.'s holdings in Clean Harbors were worth $712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Traynor Capital Management Inc. grew its holdings in shares of Clean Harbors by 3.6% during the fourth quarter. Traynor Capital Management Inc. now owns 1,450 shares of the business services provider's stock valued at $334,000 after buying an additional 50 shares during the last quarter. Williamson Legacy Group LLC boosted its stake in Clean Harbors by 1.4% during the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock valued at $858,000 after purchasing an additional 53 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after purchasing an additional 56 shares in the last quarter. Scotia Capital Inc. raised its stake in shares of Clean Harbors by 0.4% in the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock worth $3,282,000 after purchasing an additional 59 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of Clean Harbors by 15.7% during the fourth quarter. Blue Trust Inc. now owns 441 shares of the business services provider's stock valued at $107,000 after purchasing an additional 60 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Stock Up 0.0%

CLH opened at $228.84 on Thursday. The firm's 50 day simple moving average is $204.60 and its two-hundred day simple moving average is $225.79. The company has a market capitalization of $12.26 billion, a PE ratio of 30.84 and a beta of 1.19. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08.

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

Insider Transactions at Clean Harbors

In other Clean Harbors news, Director Lauren States sold 308 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.79, for a total value of $70,467.32. Following the completion of the transaction, the director now directly owns 11,918 shares in the company, valued at $2,726,719.22. This represents a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Speights sold 2,725 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the completion of the sale, the insider now directly owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This trade represents a 6.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

CLH has been the subject of several research analyst reports. Needham & Company LLC reduced their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. UBS Group reduced their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Robert W. Baird increased their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. The Goldman Sachs Group dropped 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. Finally, Truist Financial decreased their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $257.67.

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.

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