Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. trimmed its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 7.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,012,822 shares of the business services provider's stock after selling 82,341 shares during the period. Bessemer Group Inc. owned approximately 1.87% of Clean Harbors worth $199,630,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLH. Kapitalo Investimentos Ltda purchased a new position in shares of Clean Harbors during the fourth quarter worth about $32,000. Skandinaviska Enskilda Banken AB publ grew its stake in Clean Harbors by 2,650.0% during the 4th 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 during the last quarter. Allworth Financial LP grew its stake in Clean Harbors by 130.4% during the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock worth $44,000 after buying an additional 103 shares during the last quarter. Assetmark Inc. lifted its stake in Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings 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 valued at $54,000 after acquiring an additional 56 shares during the period. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Clean Harbors Price Performance

NYSE:CLH traded up $2.44 during trading hours on Thursday, hitting $230.89. The company's stock had a trading volume of 500,573 shares, compared to its average volume of 351,317. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.98 and a current ratio of 2.37. The business's 50-day moving average is $223.47 and its two-hundred day moving average is $220.74. The company has a market capitalization of $12.37 billion, a PE ratio of 31.98 and a beta of 1.17.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter last year, the firm posted $1.29 EPS. The business's revenue was up 4.0% compared to the same quarter last year. As a group, research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity

In related news, Director Lauren States sold 836 shares of the stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total value of $189,078.12. Following the sale, the director now directly owns 11,871 shares of the company's stock, valued at approximately $2,684,864.07. This represents a 6.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Speights sold 1,022 shares of Clean Harbors stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total transaction of $233,516.78. Following the transaction, the insider now owns 16,310 shares of the company's stock, valued at approximately $3,726,671.90. The trade was a 5.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,112 shares of company stock worth $3,416,406. Company insiders own 5.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CLH shares. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. The Goldman Sachs Group dropped their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. UBS Group decreased their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Needham & Company LLC dropped their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Robert W. Baird lifted their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Clean Harbors has an average rating of "Moderate Buy" and a consensus target price 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.