DAVENPORT & Co LLC Has $88.45 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

DAVENPORT & Co LLC increased its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 32.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 448,677 shares of the business services provider's stock after purchasing an additional 108,779 shares during the quarter. DAVENPORT & Co LLC owned 0.83% of Clean Harbors worth $88,446,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Clean Harbors by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock worth $1,072,237,000 after purchasing an additional 11,814 shares during the last quarter. Wellington Management Group LLP increased its position in Clean Harbors by 17.2% during the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after buying an additional 592,341 shares during the period. Select Equity Group L.P. lifted its stake in Clean Harbors by 4.8% in the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock valued at $403,085,000 after buying an additional 80,436 shares during the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after acquiring an additional 697,630 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Clean Harbors by 0.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after acquiring an additional 13,167 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Eric W. Gerstenberg sold 8,076 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $225.23, for a total value of $1,818,957.48. Following the transaction, the chief executive officer owned 51,619 shares in the company, valued at $11,626,147.37. This represents a 13.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John R. Welch sold 1,250 shares of the business'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 completion of the sale, the director directly owned 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 15,112 shares of company stock worth $3,416,406 in the last quarter. Corporate insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on CLH shares. UBS Group dropped their target price 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. The Goldman Sachs Group reduced their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research note on Wednesday, March 19th. Needham & Company LLC lowered their target price on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird lifted their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, Truist Financial decreased their price target on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Clean Harbors currently has an average rating of "Moderate Buy" and a consensus price target of $257.67.

Clean Harbors Price Performance

Shares of NYSE:CLH traded up $3.74 during trading on Thursday, reaching $234.08. The company had a trading volume of 142,654 shares, compared to its average volume of 350,076. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.98 and a current ratio of 2.37. The firm has a market capitalization of $12.54 billion, a PE ratio of 32.38 and a beta of 1.16. The firm's fifty day moving average is $225.78 and its 200 day moving average is $220.23.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the business earned $1.29 earnings per share. The business's quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current 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.