Allianz Asset Management GmbH Has $54.58 Million Stock Position in Clean Harbors, Inc. (NYSE:CLH)

Allianz Asset Management GmbH trimmed its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 276,896 shares of the business services provider's stock after selling 20,170 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.52% of Clean Harbors worth $54,576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLH. Kapitalo Investimentos Ltda acquired a new position in shares of Clean Harbors in the fourth quarter worth about $32,000. Blue Trust Inc. lifted its position in shares of Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after purchasing an additional 56 shares in the last quarter. Physician Wealth Advisors Inc. purchased a new stake in shares of Clean Harbors in the fourth quarter worth approximately $56,000. Carolinas Wealth Consulting LLC lifted its position in shares of Clean Harbors by 2,800.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock worth $60,000 after purchasing an additional 252 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of Clean Harbors by 24.6% in the first quarter. UMB Bank n.a. now owns 349 shares of the business services provider's stock worth $69,000 after purchasing an additional 69 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Alison A. Quirk sold 893 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the transaction, the director owned 2,978 shares in the company, valued at $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 is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the stock in a transaction that occurred on 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 trade represents a 13.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,112 shares of company stock valued at $3,416,406. 5.60% of the stock is owned by company insiders.

Clean Harbors Stock Up 1.9%

CLH traded up $4.35 during midday trading on Friday, hitting $235.28. 357,967 shares of the company's stock traded hands, compared to its average volume of 341,567. The company has a market cap of $12.61 billion, a PE ratio of 32.59 and a beta of 1.16. The stock's fifty day simple moving average is $228.82 and its 200-day simple moving average is $220.02. 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 one year low of $178.29 and a one year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results 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 15.47% and a net margin of 6.58%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the company posted $1.29 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CLH. UBS Group reduced their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Truist Financial reduced their price target on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird increased their price target 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. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC reduced their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $259.70.

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.