Asset Management One Co. Ltd. Acquires 15,907 Shares of Clean Harbors, Inc. (NYSE:CLH)

Asset Management One Co. Ltd. raised its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 18.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,417 shares of the business services provider's stock after acquiring an additional 15,907 shares during the quarter. Asset Management One Co. Ltd. owned about 0.19% of Clean Harbors worth $19,990,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. boosted its stake in Clean Harbors by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock valued at $913,000 after acquiring an additional 122 shares during the last quarter. Advisor Resource Council bought a new position in shares of Clean Harbors during the first quarter worth $3,051,000. Blue Trust Inc. boosted its position in shares of Clean Harbors by 25.8% during 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. State of Alaska Department of Revenue boosted its position in shares of Clean Harbors by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 53,972 shares of the business services provider's stock worth $10,637,000 after purchasing an additional 155 shares in the last quarter. Finally, Mountain Pacific Investment Advisers LLC boosted its position in shares of Clean Harbors by 8.0% during the first quarter. Mountain Pacific Investment Advisers LLC now owns 106,983 shares of the business services provider's stock worth $21,086,000 after purchasing an additional 7,944 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Clean Harbors Trading Down 1.8%

Shares of NYSE:CLH opened at $228.57 on Thursday. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. 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 company's fifty day simple moving average is $223.47 and its 200 day simple moving average is $220.74. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 31.66 and a beta of 1.17.

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

Insider Buying and Selling at Clean Harbors

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CLH shares. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Robert W. Baird lifted 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. UBS Group reduced 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. Truist Financial reduced their price target 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. Finally, The Goldman Sachs Group reduced their price target 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 investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average 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.

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