Thornburg Investment Management Inc. Sells 5,432 Shares of Clean Harbors, Inc. (NYSE:CLH)

Key Points

• Thornburg Investment Management Inc. has reduced its holdings in Clean Harbors, Inc. by 7.2%, now owning 70,512 shares valued at approximately $13.9 million.
• Several hedge funds, including Kapitalo Investimentos and Carolinas Wealth Consulting, have recently increased their stakes in Clean Harbors, reflecting growing institutional interest in the company.
• Wall Street analysts have mixed ratings for Clean Harbors, with price targets ranging from $205.00 to $280.00, and a consensus rating of "Moderate Buy".

Thornburg Investment Management Inc. decreased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 7.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,512 shares of the business services provider's stock after selling 5,432 shares during the period. Thornburg Investment Management Inc. owned 0.13% of Clean Harbors worth $13,898,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kapitalo Investimentos Ltda purchased a new position in shares of Clean Harbors in the 4th quarter valued at approximately $32,000. Banque Cantonale Vaudoise purchased a new position in shares of Clean Harbors in the 1st quarter valued at approximately $48,000. Blue Trust Inc. lifted its stake in shares of Clean Harbors by 25.8% in the 1st 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. Physician Wealth Advisors Inc. purchased a new position in shares of Clean Harbors in the 4th quarter valued at approximately $56,000. Finally, Carolinas Wealth Consulting LLC lifted its stake in shares of Clean Harbors by 2,800.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock valued at $60,000 after purchasing an additional 252 shares during the period. Institutional investors own 90.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CLH shares. Truist Financial lowered their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group raised their target price on Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a research note on Thursday. Needham & Company LLC lowered their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Finally, Raymond James Financial lifted their price objective on Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Clean Harbors has an average rating of "Moderate Buy" and a consensus price target of $263.40.

Insider Buying and Selling at Clean Harbors

In other news, EVP Brian P. Weber sold 3,035 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $227.17, for a total value of $689,460.95. Following the transaction, the executive vice president directly owned 54,548 shares in the company, valued at $12,391,669.16. The trade was a 5.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Alison A. Quirk sold 893 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $223.69, for a total value of $199,755.17. Following the completion of the transaction, the director owned 2,978 shares in the company, valued at $666,148.82. The trade was a 23.07% 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. 5.60% of the stock is currently owned by company insiders.

Clean Harbors Stock Down 0.7%

Shares of Clean Harbors stock traded down $1.66 on Friday, reaching $234.15. The company's stock had a trading volume of 503,299 shares, compared to its average volume of 379,799. The company has a market capitalization of $12.56 billion, a price-to-earnings ratio of 32.89 and a beta of 1.18. The firm's fifty day simple moving average is $229.36 and its two-hundred day simple moving average is $220.23. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The company has a quick ratio of 1.98, a current ratio of 2.45 and a debt-to-equity ratio of 1.02.

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

Clean Harbors Company Profile

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.