Bank of New York Mellon Corp Sells 33,457 Shares of Clean Harbors, Inc. (NYSE:CLH)

Bank of New York Mellon Corp lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 8.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,197 shares of the business services provider's stock after selling 33,457 shares during the period. Bank of New York Mellon Corp owned 0.68% of Clean Harbors worth $72,769,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors during the fourth quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ grew its position in Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after buying an additional 159 shares in the last quarter. Assetmark Inc. grew its position in Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after buying an additional 205 shares in the last quarter. Blue Trust Inc. grew its position in 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 buying an additional 56 shares in the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in Clean Harbors during the fourth quarter worth approximately $56,000. Institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CLH. Needham & Company LLC reduced their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. The Goldman Sachs Group reduced their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Truist Financial reduced their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, Robert W. Baird raised their target price on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Two equities research 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.com, Clean Harbors presently has an average rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors Price Performance

Shares of NYSE CLH traded up $1.59 during mid-day trading on Friday, hitting $232.84. 298,331 shares of the stock traded hands, compared to its average volume of 352,834. 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 twelve month low of $178.29 and a twelve month high of $267.11. The company has a market cap of $12.48 billion, a PE ratio of 32.25 and a beta of 1.16. The firm has a 50 day simple moving average of $228.28 and a two-hundred day simple moving average of $220.13.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.07. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. Clean Harbors's revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. As a group, equities 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 related news, CEO Eric W. Gerstenberg sold 8,076 shares of the firm's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the completion of the transaction, the chief executive officer directly owned 51,619 shares of the company's stock, valued at $11,626,147.37. This trade represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Brian P. Weber sold 3,035 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the transaction, the executive vice president directly owned 54,548 shares of the company's stock, valued at approximately $12,391,669.16. This represents a 5.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,112 shares of company stock worth $3,416,406 over the last 90 days. Company insiders own 5.60% of the company's stock.

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.