12th Street Asset Management Company LLC Grows Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

12th Street Asset Management Company LLC boosted its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 193,047 shares of the business services provider's stock after purchasing an additional 6,730 shares during the period. Clean Harbors comprises about 6.4% of 12th Street Asset Management Company LLC's holdings, making the stock its 4th largest holding. 12th Street Asset Management Company LLC owned about 0.36% of Clean Harbors worth $38,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its position in shares of Clean Harbors by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock valued at $2,044,000 after acquiring an additional 52 shares during the last quarter. Deutsche Bank AG increased its position in shares of Clean Harbors by 1.0% during the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after purchasing an additional 56 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after purchasing an additional 56 shares during the period. Scotia Capital Inc. boosted its holdings in shares of Clean Harbors by 0.4% in the 4th quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock worth $3,282,000 after buying an additional 59 shares during the last quarter. Finally, Xponance Inc. grew its position in Clean Harbors by 0.9% during the first quarter. Xponance Inc. now owns 6,703 shares of the business services provider's stock valued at $1,321,000 after buying an additional 61 shares during the period. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

CLH has been the topic of several research reports. Raymond James Financial lifted their price objective on shares of Clean Harbors from $278.00 to $280.00 and gave the stock a "strong-buy" rating in a research report on Thursday. Oppenheimer upped their price objective on Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a research note on Thursday. Robert W. Baird increased their price objective on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the company an "outperform" rating in a research note on Thursday. Finally, Truist Financial cut their price target on 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, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $263.40.

Insider Activity at Clean Harbors

In related news, Director Alison A. Quirk sold 893 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $223.69, for a total value of $199,755.17. Following the sale, the director owned 2,978 shares in the company, valued at approximately $666,148.82. This trade represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Robert Speights sold 1,022 shares of Clean Harbors stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total transaction of $233,516.78. Following the completion of the sale, the insider directly owned 16,310 shares of the company's stock, valued at approximately $3,726,671.90. This trade represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,112 shares of company stock valued at $3,416,406 over the last quarter. 5.60% of the stock is owned by company insiders.

Clean Harbors Stock Down 0.7%

CLH stock traded down $1.66 during midday trading on Friday, hitting $234.15. The company's stock had a trading volume of 503,299 shares, compared to its average volume of 379,799. The company has a market cap of $12.56 billion, a PE ratio of 32.89 and a beta of 1.18. The firm's 50-day moving average is $229.36 and its 200-day moving average is $220.12. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a current ratio of 2.45, a quick ratio of 1.98 and a debt-to-equity ratio of 1.02.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, topping analysts' consensus estimates of $2.33 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%. Clean Harbors's revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.46 EPS. On average, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal 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.