Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Genesee Capital Advisors LLC

Genesee Capital Advisors LLC trimmed its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 42.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kapitalo Investimentos Ltda purchased a new position in Clean Harbors during the 4th quarter worth $32,000. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Clean Harbors by 2,650.0% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock valued at $38,000 after buying an additional 159 shares during the period. Allworth Financial LP raised its holdings in shares of Clean Harbors by 130.4% in the fourth quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after acquiring an additional 103 shares in 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 worth $48,000 after acquiring an additional 205 shares during the period. Finally, Physician Wealth Advisors Inc. bought a new position in Clean Harbors during the 4th quarter worth about $56,000. 90.43% of the stock is owned by hedge funds and other institutional investors.

Clean Harbors Stock Down 1.8%

Shares of CLH stock traded down $4.08 during trading hours on Wednesday, reaching $228.57. 276,293 shares of the company's stock were exchanged, compared to its average volume of 350,711. The stock has a market cap of $12.25 billion, a PE ratio of 31.66 and a beta of 1.17. 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's fifty day moving average price is $223.47 and its two-hundred day moving average price is $220.74. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last issued 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 for the quarter, compared to analyst estimates of $1.44 billion. During the same quarter in the prior year, the business posted $1.29 EPS. Clean Harbors's revenue for the quarter was up 4.0% compared to the same quarter last year. Research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Activity at Clean Harbors

In related news, Director Alison A. Quirk sold 893 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total value of $199,755.17. Following the sale, the director now owns 2,978 shares in the company, valued at $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John R. Welch sold 1,250 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $228.51, for a total transaction of $285,637.50. Following the transaction, the director now directly owns 11,402 shares of the company's stock, valued at $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. Insiders have sold a total of 15,112 shares of company stock valued at $3,416,406 in the last ninety days. Company insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CLH. UBS Group reduced their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group lowered their target price on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Needham & Company LLC reduced their price target on 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, Truist Financial dropped their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.