Cooper Investors PTY Ltd. Invests $4.83 Million in Clean Harbors, Inc. (NYSE:CLH)

Cooper Investors PTY Ltd. purchased a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,499 shares of the business services provider's stock, valued at approximately $4,829,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Asset Management One Co. Ltd. grew its holdings in shares of Clean Harbors by 18.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 101,417 shares of the business services provider's stock valued at $19,990,000 after purchasing an additional 15,907 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Clean Harbors by 2.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,634 shares of the business services provider's stock valued at $913,000 after buying an additional 122 shares during the last quarter. Advisor Resource Council bought a new position in shares of Clean Harbors during the first quarter valued at about $3,051,000. Blue Trust Inc. increased its holdings in shares of Clean Harbors by 25.8% in 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 during the period. Finally, State of Alaska Department of Revenue lifted its stake in shares of Clean Harbors by 0.3% in the 1st quarter. State of Alaska Department of Revenue now owns 53,972 shares of the business services provider's stock valued at $10,637,000 after acquiring an additional 155 shares during the last quarter. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CLH has been the topic of several recent research reports. UBS Group reduced their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC lowered their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Truist Financial decreased their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group dropped their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, Clean Harbors has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

Insider Activity at Clean Harbors

In other 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 sale, the director now directly owns 11,871 shares of the company's stock, valued at $2,684,864.07. The trade was a 6.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Robert Speights sold 1,022 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 in the company, valued at $3,726,671.90. The trade was a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,112 shares of company stock worth $3,416,406 over the last ninety days. 5.60% of the stock is owned by corporate insiders.

Clean Harbors Trading Down 1.8%

Shares of CLH traded down $4.08 during trading hours on Wednesday, reaching $228.57. 276,293 shares of the company traded hands, compared to its average volume of 350,711. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month 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 company's fifty day moving average price is $223.47 and its two-hundred day moving average price is $220.74. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 31.66 and a beta of 1.17.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.07. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the previous year, the firm posted $1.29 EPS. The business's revenue was up 4.0% on a year-over-year basis. Equities research analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

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.