Edgestream Partners L.P. Takes $2.06 Million Position in Clean Harbors, Inc. (NYSE:CLH)

Edgestream Partners L.P. bought a new stake in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,433 shares of the business services provider's stock, valued at approximately $2,056,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Securian Asset Management Inc. increased its stake in shares of Clean Harbors by 2.6% during the first quarter. Securian Asset Management Inc. now owns 3,901 shares of the business services provider's stock valued at $769,000 after purchasing an additional 100 shares in the last quarter. MQS Management LLC bought a new position in shares of Clean Harbors during the first quarter valued at approximately $714,000. Louisiana State Employees Retirement System grew its holdings in shares of Clean Harbors by 0.7% during the first quarter. Louisiana State Employees Retirement System now owns 14,200 shares of the business services provider's stock valued at $2,799,000 after buying an additional 100 shares during the last quarter. Stephens Inc. AR grew its holdings in shares of Clean Harbors by 8.9% during the first quarter. Stephens Inc. AR now owns 3,425 shares of the business services provider's stock valued at $675,000 after buying an additional 281 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Clean Harbors by 2.8% during the first quarter. New York State Common Retirement Fund now owns 78,931 shares of the business services provider's stock valued at $15,557,000 after buying an additional 2,178 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CLH. UBS Group cut their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Needham & Company LLC cut their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Robert W. Baird increased their price target on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Truist Financial cut their price target 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $257.67.

Insiders Place Their Bets

In other Clean Harbors news, EVP Brian P. Weber sold 3,035 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were 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 approximately $12,391,669.16. This trade represents a 5.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alison A. Quirk sold 893 shares of the stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction 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. In the last ninety days, insiders sold 15,112 shares of company stock valued at $3,416,406. 5.60% of the stock is currently owned by corporate insiders.

Clean Harbors Stock Performance

CLH stock traded down $1.13 on Friday, hitting $227.72. The company had a trading volume of 383,585 shares, compared to its average volume of 354,929. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08. The stock's 50-day simple moving average is $228.74 and its 200 day simple moving average is $220.10. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 31.54 and a beta of 1.16.

Clean Harbors (NYSE:CLH - Get Free Report) last issued its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same quarter last year, the company posted $1.29 earnings per share. The firm's quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities research 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.