Alberta Investment Management Corp Sells 8,679 Shares of Clean Harbors, Inc. (NYSE:CLH)

Alberta Investment Management Corp lessened its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 45.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,322 shares of the business services provider's stock after selling 8,679 shares during the period. Alberta Investment Management Corp's holdings in Clean Harbors were worth $2,034,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in Clean Harbors by 3.4% during the fourth quarter. JPMorgan Chase & Co. now owns 194,218 shares of the business services provider's stock valued at $44,697,000 after buying an additional 6,313 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Clean Harbors by 8.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 3,617 shares of the business services provider's stock worth $832,000 after purchasing an additional 278 shares in the last quarter. Trexquant Investment LP lifted its position in shares of Clean Harbors by 59.7% in the fourth quarter. Trexquant Investment LP now owns 13,531 shares of the business services provider's stock worth $3,114,000 after purchasing an additional 5,057 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Clean Harbors by 267.1% in the fourth quarter. Russell Investments Group Ltd. now owns 16,220 shares of the business services provider's stock worth $3,733,000 after purchasing an additional 11,801 shares in the last quarter. Finally, Oribel Capital Management LP lifted its position in shares of Clean Harbors by 70.7% in the fourth quarter. Oribel Capital Management LP now owns 72,900 shares of the business services provider's stock worth $16,777,000 after purchasing an additional 30,200 shares in the last quarter. Institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

CLH has been the topic of a number of research reports. Robert W. Baird increased their price objective on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Truist Financial reduced their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. UBS Group lifted their price objective on Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, 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, July 31st. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Clean Harbors has a consensus rating of "Moderate Buy" and an average price target of $263.40.

Clean Harbors Stock Down 0.4%

Shares of NYSE:CLH traded down $1.00 during trading on Thursday, hitting $241.40. 186,118 shares of the company's stock traded hands, compared to its average volume of 424,155. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 33.88 and a beta of 1.18. The company has a 50-day moving average price of $230.12 and a 200-day moving average price of $220.25.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.33 by $0.03. The firm had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.59 billion. Clean Harbors had a return on equity of 14.82% and a net margin of 6.48%. The business's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.46 EPS. As a group, research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity

In related news, CEO Eric W. Gerstenberg sold 8,076 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $225.23, for a total value of $1,818,957.48. Following the transaction, the chief executive officer owned 51,619 shares in the company, valued at approximately $11,626,147.37. This represents a 13.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Speights sold 1,022 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total value of $233,516.78. Following the sale, the insider directly owned 16,310 shares in the company, valued at approximately $3,726,671.90. This trade represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,948 shares of company stock worth $3,611,729. Corporate insiders own 5.60% of the company's stock.

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.