Clean Harbors, Inc. (NYSE:CLH) Shares Bought by Bridges Investment Management Inc.

Bridges Investment Management Inc. increased its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 111.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,057 shares of the business services provider's stock after acquiring an additional 4,246 shares during the period. Bridges Investment Management Inc.'s holdings in Clean Harbors were worth $1,588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Kapitalo Investimentos Ltda acquired a new position in shares of Clean Harbors during the 4th quarter worth approximately $32,000. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Clean Harbors by 2,650.0% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after purchasing an additional 159 shares in the last quarter. Assetmark Inc. boosted its position in Clean Harbors by 10,250.0% during the 4th quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after purchasing an additional 205 shares during the period. Blue Trust Inc. raised its position in 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 purchasing an additional 56 shares during the period. Finally, Physician Wealth Advisors Inc. acquired a new position in shares of Clean Harbors during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Buying and Selling

In other Clean Harbors news, insider Robert Speights sold 1,022 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total value of $233,516.78. Following the sale, the insider directly owned 16,310 shares of the company's stock, valued at $3,726,671.90. This trade represents a 5.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Welch sold 1,250 shares of Clean Harbors stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total transaction of $285,637.50. Following the completion of the sale, the director owned 11,402 shares in the company, valued at approximately $2,605,471.02. This represents a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,112 shares of company stock worth $3,416,406. Company insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CLH. Truist Financial dropped 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 shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. UBS Group dropped 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 note on Friday, April 11th. Needham & Company LLC decreased their price objective 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. Finally, The Goldman Sachs Group dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors Stock Up 0.7%

NYSE CLH traded up $1.59 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 current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08. The stock has a 50-day moving average of $228.28 and a 200 day moving average of $220.13. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a market capitalization of $12.48 billion, a P/E ratio of 32.25 and a beta of 1.16.

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

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.