Credit Agricole S A Sells 33,953 Shares of Clean Harbors, Inc. $CLH

Key Points

• Credit Agricole S A significantly reduced its holdings in Clean Harbors, Inc. by 79.4% during the first quarter, bringing its ownership to 8,788 shares valued at approximately $1.73 million.
• Several institutional investors, including HSBC Holdings PLC and Wellington Management Group, have recently either added to or increased their stakes in Clean Harbors, indicating robust interest from the investment community.
• Wall Street analysts have a generally positive outlook on Clean Harbors, with a consensus average target price of $263.40 and most analysts rating it as a "Moderate Buy."

Credit Agricole S A lowered its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 79.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,788 shares of the business services provider's stock after selling 33,953 shares during the quarter. Credit Agricole S A's holdings in Clean Harbors were worth $1,732,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. raised its position in shares of Clean Harbors by 2.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock worth $913,000 after acquiring an additional 122 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Clean Harbors by 16.2% in the 1st quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock worth $209,000 after purchasing an additional 148 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Clean Harbors by 18.6% during the first quarter. Janney Montgomery Scott LLC now owns 8,310 shares of the business services provider's stock worth $1,638,000 after acquiring an additional 1,301 shares in the last quarter. Deutsche Bank AG lifted its holdings in Clean Harbors by 1.0% during the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after acquiring an additional 56 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in Clean Harbors during the first quarter worth about $202,000. Institutional investors own 90.43% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on CLH. Needham & Company LLC dropped their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Oppenheimer lifted their price target on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. UBS Group lifted their price target on Clean Harbors from $220.00 to $240.00 and gave the stock a "neutral" rating in a report on Thursday, July 31st. BMO Capital Markets set a $268.00 price target on Clean Harbors and gave the stock an "outperform" rating in a report on Thursday, July 31st. Finally, Robert W. Baird lifted their price target on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Clean Harbors has a consensus rating of "Moderate Buy" and a consensus price target of $263.40.

Clean Harbors Price Performance

Shares of CLH stock traded down $2.51 during trading on Friday, hitting $241.17. The company had a trading volume of 155,311 shares, compared to its average volume of 412,611. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. The firm has a market capitalization of $12.93 billion, a P/E ratio of 33.88 and a beta of 1.18. The stock's 50-day moving average price is $235.95 and its 200 day moving average price is $220.94. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, beating the consensus estimate of $2.33 by $0.03. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.59 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The company's revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $2.46 earnings per share. Equities analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, Director Alison A. Quirk sold 893 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $223.69, for a total transaction of $199,755.17. Following the sale, the director owned 2,978 shares of the company's stock, valued at approximately $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Andrea Robertson sold 836 shares of the company's stock in a transaction on Thursday, July 31st. The shares were sold at an average price of $233.64, for a total transaction of $195,323.04. Following the sale, the director directly owned 9,888 shares in the company, valued at $2,310,232.32. This trade represents a 7.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,840 shares of company stock valued at $2,903,497. 5.60% of the stock is owned by company insiders.

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.