Access Financial Services Inc. Invests $897,000 in Clean Harbors, Inc. (NYSE:CLH)

Access Financial Services Inc. acquired a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,552 shares of the business services provider's stock, valued at approximately $897,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors in the 4th quarter valued at $32,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of 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 valued at $38,000 after buying an additional 159 shares during the last quarter. Allworth Financial LP increased its position in shares of Clean Harbors by 130.4% during the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after acquiring an additional 103 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Clean Harbors by 10,250.0% in the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after acquiring an additional 205 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in Clean Harbors in the 4th quarter valued at about $56,000. Institutional investors own 90.43% of the company's stock.

Insider Transactions at Clean Harbors

In other news, EVP Brian P. Weber sold 3,035 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the transaction, the executive vice president now directly owns 54,548 shares of the company's stock, valued at $12,391,669.16. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lauren States sold 836 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total transaction of $189,078.12. Following the transaction, the director now directly owns 11,871 shares of the company's stock, valued at approximately $2,684,864.07. This represents a 6.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,112 shares of company stock worth $3,416,406. 5.60% of the stock is owned by company insiders.

Clean Harbors Stock Performance

Shares of Clean Harbors stock traded down $0.00 on Monday, reaching $226.86. 187,848 shares of the company traded hands, compared to its average volume of 350,441. The company has a 50 day moving average of $218.73 and a 200 day moving average of $221.73. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.21 and a quick ratio of 1.76. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The firm has a market capitalization of $12.16 billion, a PE ratio of 30.57 and a beta of 1.17.

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

Analyst Ratings Changes

A number of brokerages have commented on CLH. BMO Capital Markets decreased their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Needham & Company LLC decreased their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Robert W. Baird raised their price objective on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Truist Financial reduced 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. Finally, UBS Group dropped their price target 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. Two investment 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 company currently has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

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.