Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by Mountain Pacific Investment Advisers LLC

Mountain Pacific Investment Advisers LLC increased its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 8.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,983 shares of the business services provider's stock after purchasing an additional 7,944 shares during the quarter. Clean Harbors accounts for about 1.6% of Mountain Pacific Investment Advisers LLC's holdings, making the stock its 24th largest holding. Mountain Pacific Investment Advisers LLC owned 0.20% of Clean Harbors worth $21,086,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of Clean Harbors by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock worth $1,072,237,000 after buying an additional 11,814 shares during the period. Wellington Management Group LLP raised its position in Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after acquiring an additional 592,341 shares during the period. Select Equity Group L.P. raised its position in Clean Harbors by 4.8% during the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after acquiring an additional 80,436 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Clean Harbors by 72.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of Clean Harbors by 0.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after purchasing an additional 13,167 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CLH shares. The Goldman Sachs Group reduced their price target on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. UBS Group reduced their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Oppenheimer lowered their price target on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating on the stock in a research note on Thursday, February 20th. Robert W. Baird boosted their price target on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets reduced their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $257.67.

Insider Buying and Selling

In related news, Director Lauren States sold 836 shares of the firm's stock in a transaction dated Thursday, May 22nd. The stock was 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 directly owns 11,871 shares of the company's stock, valued at approximately $2,684,864.07. This trade represents a 6.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the completion of the sale, the chief executive officer now owns 51,619 shares in the company, valued at approximately $11,626,147.37. This trade represents a 13.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,077 shares of company stock worth $2,726,945. Insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

Shares of Clean Harbors stock opened at $226.64 on Monday. The business's 50 day moving average price is $218.73 and its 200 day moving average price is $221.73. The company has a market cap of $12.14 billion, a price-to-earnings ratio of 30.54 and a beta of 1.17. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21. 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 issued its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The company's revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. On average, research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current 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.

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