Advisor Resource Council Takes Position in Clean Harbors, Inc. (NYSE:CLH)

Advisor Resource Council purchased a new stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,477 shares of the business services provider's stock, valued at approximately $3,051,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock valued at $1,072,237,000 after purchasing an additional 11,814 shares during the last quarter. Wellington Management Group LLP increased its stake in Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock valued at $930,707,000 after purchasing an additional 592,341 shares during the last quarter. Select Equity Group L.P. increased its stake in Clean Harbors by 4.8% in the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock valued at $403,085,000 after purchasing an additional 80,436 shares during the last quarter. Pictet Asset Management Holding SA increased its stake in Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in Clean Harbors by 0.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after purchasing an additional 13,167 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Clean Harbors news, Director Alison A. Quirk sold 893 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total value of $199,755.17. Following the completion of the sale, the director now owns 2,978 shares of the company's stock, valued at approximately $666,148.82. This trade represents a 23.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lauren States sold 836 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total value of $189,078.12. Following the completion of the sale, the director now directly owns 11,871 shares of the company's stock, valued at approximately $2,684,864.07. This trade represents a 6.58% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,112 shares of company stock valued at $3,416,406 over the last three months. 5.60% of the stock is currently owned by company insiders.

Clean Harbors Stock Performance

Shares of NYSE CLH traded down $0.02 during mid-day trading on Friday, hitting $226.33. 446,560 shares of the company were exchanged, compared to its average volume of 351,505. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The stock has a 50 day simple moving average of $221.91 and a 200-day simple moving average of $221.15. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of 31.35 and a beta of 1.17.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the company earned $1.29 earnings per share. The company's revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CLH has been the topic of a number of research reports. UBS Group lowered 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. Robert W. Baird raised their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Truist Financial lowered 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. Needham & Company LLC lowered 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. Finally, 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 research report on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Clean Harbors currently 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.