Amundi Has $30.54 Million Holdings in Clean Harbors, Inc. $CLH

Key Points

• Amundi cut its Clean Harbors stake by 43.2% in the first quarter, selling 80,885 shares and retaining 106,516 shares worth approximately $30.54 million. Institutional investors collectively own 90.43% of the company.
• Clean Harbors reported quarterly EPS of $3.22, beating estimates by $0.41, while revenue rose 11.9% year over year to $1.74 billion. Analysts expect full-year EPS of $9.51.
• Wall Street remains generally bullish, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $354.57, above its reported opening price of $310.93; however, two directors recently sold shares.

Amundi trimmed its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 43.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,516 shares of the business services provider's stock after selling 80,885 shares during the period. Amundi owned 0.20% of Clean Harbors worth $30,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Quattro Advisors LLC acquired a new stake in shares of Clean Harbors during the 4th quarter worth about $26,000. Elyxium Wealth LLC acquired a new stake in Clean Harbors during the fourth quarter worth approximately $26,000. Parkside Financial Bank & Trust lifted its position in Clean Harbors by 205.1% during the fourth quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider's stock worth $28,000 after acquiring an additional 80 shares during the last quarter. MidFirst Bank bought a new stake in shares of Clean Harbors during the fourth quarter worth approximately $28,000. Finally, Larson Financial Group LLC boosted its holdings in shares of Clean Harbors by 676.5% during the fourth quarter. Larson Financial Group LLC now owns 132 shares of the business services provider's stock worth $31,000 after acquiring an additional 115 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Andrea Robertson sold 789 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $314.01, for a total transaction of $247,753.89. Following the completion of the sale, the director owned 8,979 shares of the company's stock, valued at $2,819,495.79. This represents a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Lauren States sold 789 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the sale, the director directly owned 11,359 shares of the company's stock, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 5.00% of the company's stock.

Clean Harbors Price Performance

Clean Harbors stock opened at $310.93 on Tuesday. The firm has a market cap of $16.41 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 2.06 and a beta of 0.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.13 and a quick ratio of 1.80. The stock's fifty day moving average price is $296.12 and its two-hundred day moving average price is $289.34. Clean Harbors, Inc. has a one year low of $201.34 and a one year high of $335.94.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, July 29th. The business services provider reported $3.22 earnings per share for the quarter, beating analysts' consensus estimates of $2.81 by $0.41. The firm had revenue of $1.74 billion during the quarter, compared to the consensus estimate of $1.64 billion. Clean Harbors had a return on equity of 15.65% and a net margin of 7.03%.The company's revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.36 EPS. As a group, research analysts expect that Clean Harbors, Inc. will post 9.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CLH. Needham & Company LLC increased their target price on Clean Harbors from $325.00 to $390.00 and gave the stock a "buy" rating in a research note on Thursday. Truist Financial upped their price objective on Clean Harbors from $350.00 to $365.00 and gave the company a "buy" rating in a report on Thursday, July 30th. BMO Capital Markets increased their price objective on Clean Harbors from $340.00 to $342.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 8th. Bank of America set a $377.00 target price on Clean Harbors and gave the stock a "buy" rating in a report on Thursday. Finally, Oppenheimer reissued an "outperform" rating and issued a $350.00 target price on shares of Clean Harbors in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $354.57.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.

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