Genesee Capital Advisors LLC reduced its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 42.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,158 shares of the business services provider's stock after selling 2,312 shares during the quarter. Genesee Capital Advisors LLC's holdings in Clean Harbors were worth $622,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Advisor Resource Council acquired a new position in Clean Harbors in the 1st quarter valued at about $3,051,000. Blue Trust Inc. grew its position in shares of 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. State of Alaska Department of Revenue grew its position in shares of Clean Harbors by 0.3% during the first quarter. State of Alaska Department of Revenue now owns 53,972 shares of the business services provider's stock worth $10,637,000 after buying an additional 155 shares in the last quarter. Mountain Pacific Investment Advisers LLC grew its position in shares of Clean Harbors by 8.0% during the first quarter. Mountain Pacific Investment Advisers LLC now owns 106,983 shares of the business services provider's stock worth $21,086,000 after buying an additional 7,944 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of 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 buying an additional 1,301 shares in the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.
Clean Harbors Stock Performance
Shares of CLH opened at $226.33 on Friday. The stock has a 50 day moving average price of $221.91 and a 200 day moving average price of $220.91. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of 31.35 and a beta of 1.17. Clean Harbors, Inc. has a 52-week low of $178.29 and a 52-week high of $267.11.
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. The firm 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 15.47% and a net margin of 6.58%. The firm's quarterly 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 earnings per share. Research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.
Insider Buying and Selling at Clean Harbors
In other Clean Harbors news, Director Lauren States sold 836 shares of the business's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total value of $189,078.12. Following the completion of the sale, the director now owns 11,871 shares in the company, valued at approximately $2,684,864.07. The trade was a 6.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert Speights sold 1,022 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total value of $233,516.78. Following the completion of the sale, the insider now owns 16,310 shares of the company's stock, valued at approximately $3,726,671.90. This represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,112 shares of company stock worth $3,416,406. 5.60% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of brokerages have recently commented on CLH. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Truist Financial lowered their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Robert W. Baird boosted their price objective on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. UBS Group lowered 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. Finally, The Goldman Sachs Group lowered their price objective on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $257.67.
Check Out Our Latest Report on Clean Harbors
Clean Harbors Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CLH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Clean Harbors, Inc. (NYSE:CLH - Free Report).
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