Covea Finance Has $7.79 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Covea Finance lowered its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 53.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,500 shares of the business services provider's stock after selling 44,800 shares during the period. Covea Finance owned 0.07% of Clean Harbors worth $7,785,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Allworth Financial LP increased its stake in shares of Clean Harbors by 130.4% in the 4th quarter. Allworth Financial LP now owns 182 shares of the business services provider's stock valued at $44,000 after buying an additional 103 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Clean Harbors by 5.6% during the fourth quarter. CIBC Asset Management Inc now owns 1,650 shares of the business services provider's stock valued at $380,000 after acquiring an additional 87 shares during the period. Venturi Wealth Management LLC boosted its holdings in Clean Harbors by 436.0% in the fourth quarter. Venturi Wealth Management LLC now owns 1,624 shares of the business services provider's stock valued at $374,000 after acquiring an additional 1,321 shares during the last quarter. New York State Common Retirement Fund increased its position in Clean Harbors by 8.7% in the fourth quarter. New York State Common Retirement Fund now owns 76,753 shares of the business services provider's stock worth $17,664,000 after purchasing an additional 6,152 shares during the period. Finally, Concurrent Investment Advisors LLC bought a new stake in Clean Harbors during the 4th quarter worth about $210,000. Institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CLH. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Truist Financial cut their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. UBS Group lowered their target price 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. Needham & Company LLC dropped their target price on shares of 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, The Goldman Sachs Group cut their price target on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $257.67.

Clean Harbors Trading Down 0.0%

NYSE CLH traded down $0.02 during trading on Friday, reaching $226.33. 446,560 shares of the stock traded hands, compared to its average volume of 350,835. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. 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 firm has a market cap of $12.13 billion, a price-to-earnings ratio of 31.35 and a beta of 1.17. The stock's 50-day moving average price is $221.91 and its 200 day moving average price is $220.73.

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 for the quarter, topping 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 company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm posted $1.29 earnings per share. The business's quarterly revenue was up 4.0% compared to the same quarter last year. Analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Eric W. Gerstenberg sold 8,076 shares of the firm's stock in a transaction on 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 sale, the chief executive officer now directly owns 51,619 shares in the company, valued at $11,626,147.37. This trade represents a 13.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John R. Welch sold 1,250 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total transaction of $285,637.50. Following the completion of the sale, the director now directly owns 11,402 shares in the company, 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. Over the last ninety days, insiders have sold 15,112 shares of company stock worth $3,416,406. Corporate insiders own 5.60% of the company's stock.

Clean Harbors 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.