Cooper Investors PTY Ltd. Purchases Shares of 24,499 Clean Harbors, Inc. (NYSE:CLH)

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

Other large investors have also recently bought and sold shares of the company. Deutsche Bank AG increased its holdings in shares of Clean Harbors by 1.0% in the 4th quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after acquiring an additional 56 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of Clean Harbors in the first quarter valued at approximately $202,000. Steward Partners Investment Advisory LLC increased its stake in shares of Clean Harbors by 39.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,846 shares of the business services provider's stock valued at $425,000 after purchasing an additional 523 shares during the period. Assetmark Inc. raised its holdings in shares of Clean Harbors by 10,250.0% during the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock valued at $48,000 after buying an additional 205 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Clean Harbors by 3.4% during the fourth quarter. JPMorgan Chase & Co. now owns 194,218 shares of the business services provider's stock worth $44,697,000 after buying an additional 6,313 shares during the period. Institutional investors own 90.43% of the company's stock.

Insider Buying and Selling

In other news, 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 transaction of $199,755.17. Following the transaction, the director now owns 2,978 shares in the company, valued at approximately $666,148.82. The trade was a 23.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 3,035 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $227.17, for a total transaction of $689,460.95. Following the completion of the sale, the executive vice president now owns 54,548 shares of the company's stock, valued at approximately $12,391,669.16. The trade was a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,112 shares of company stock valued at $3,416,406. 5.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Needham & Company LLC lowered their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. UBS Group lowered their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Robert W. Baird lifted their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Truist Financial decreased their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, The Goldman Sachs Group lowered their target price on shares of 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 equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Clean Harbors presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.67.

Clean Harbors Stock Performance

Shares of NYSE CLH traded up $0.83 during trading hours on Friday, hitting $231.08. 506,531 shares of the company's stock were exchanged, compared to its average volume of 352,360. The company's 50-day moving average price is $223.94 and its 200-day moving average price is $220.67. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The stock has a market capitalization of $12.38 billion, a price-to-earnings ratio of 32.01 and a beta of 1.17. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.37 and a quick ratio of 1.98.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company earned $1.29 earnings per share. The company's quarterly revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts expect 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.