MQS Management LLC Purchases Shares of 3,623 Clean Harbors, Inc. (NYSE:CLH)

MQS Management LLC purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,623 shares of the business services provider's stock, valued at approximately $714,000.

Several other institutional investors have also made changes to their positions in CLH. Louisiana State Employees Retirement System lifted its stake in Clean Harbors by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the business services provider's stock valued at $2,799,000 after acquiring an additional 100 shares during the last quarter. Stephens Inc. AR raised its position in shares of Clean Harbors by 8.9% in the first quarter. Stephens Inc. AR now owns 3,425 shares of the business services provider's stock valued at $675,000 after purchasing an additional 281 shares during the period. New York State Common Retirement Fund raised its position in shares of Clean Harbors by 2.8% in the first quarter. New York State Common Retirement Fund now owns 78,931 shares of the business services provider's stock valued at $15,557,000 after purchasing an additional 2,178 shares during the period. Xponance Inc. raised its position in shares of Clean Harbors by 0.9% in the first quarter. Xponance Inc. now owns 6,703 shares of the business services provider's stock valued at $1,321,000 after purchasing an additional 61 shares during the period. Finally, Robeco Schweiz AG raised its position in shares of Clean Harbors by 2.2% in the first quarter. Robeco Schweiz AG now owns 296,656 shares of the business services provider's stock valued at $58,471,000 after purchasing an additional 6,501 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Brian P. Weber sold 3,035 shares of Clean Harbors stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $227.17, for a total transaction of $689,460.95. Following the transaction, the executive vice president owned 54,548 shares of the company's stock, valued at $12,391,669.16. This trade represents a 5.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the insider directly owned 16,310 shares in the company, valued at $3,726,671.90. The trade was a 5.90% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,112 shares of company stock worth $3,416,406. 5.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CLH. Robert W. Baird lifted their price target 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. UBS Group dropped their target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC dropped their target price on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Truist Financial dropped their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, 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 research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Clean Harbors has an average rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors Price Performance

Shares of CLH traded down $1.00 during trading hours on Monday, hitting $231.88. The stock had a trading volume of 418,483 shares, compared to its average volume of 353,327. The company's fifty day moving average is $228.28 and its two-hundred day moving average is $219.97. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 32.12 and a beta of 1.16.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings data 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 net margin of 6.58% and a return on equity of 15.47%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the firm earned $1.29 EPS. The company's revenue was up 4.0% on a year-over-year basis. On average, analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current year.

About Clean Harbors

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.