GAMMA Investing LLC Boosts Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

GAMMA Investing LLC raised its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 13,241.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,585 shares of the business services provider's stock after purchasing an additional 81,966 shares during the period. GAMMA Investing LLC owned 0.15% of Clean Harbors worth $16,278,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Williamson Legacy Group LLC increased its position in Clean Harbors by 1.4% in the 4th quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock valued at $858,000 after buying an additional 53 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Clean Harbors by 1.0% during the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after acquiring an additional 56 shares in the last quarter. Scotia Capital Inc. raised its position in shares of Clean Harbors by 0.4% during the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock worth $3,282,000 after purchasing an additional 59 shares during the period. Blue Trust Inc. lifted its holdings in shares of Clean Harbors by 15.7% in the 4th quarter. Blue Trust Inc. now owns 441 shares of the business services provider's stock worth $107,000 after purchasing an additional 60 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in Clean Harbors by 25.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider's stock valued at $71,000 after purchasing an additional 62 shares during the period. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Activity

In other Clean Harbors news, Director Alison A. Quirk sold 893 shares of the stock in a transaction 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 now directly owns 2,978 shares of the company's stock, valued at approximately $666,148.82. This represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Eric J. Dugas bought 1,050 shares of the stock in a transaction on Monday, March 10th. The stock was purchased at an average price of $191.38 per share, for a total transaction of $200,949.00. Following the completion of the purchase, the chief financial officer now owns 24,238 shares of the company's stock, valued at approximately $4,638,668.44. This trade represents a 4.53% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 6,726 shares of company stock valued at $1,426,937 in the last ninety days. 5.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Clean Harbors Stock Performance

Shares of Clean Harbors stock traded up $1.15 during mid-day trading on Friday, hitting $225.88. 317,832 shares of the stock were exchanged, compared to its average volume of 349,963. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a 50-day simple moving average of $215.39 and a 200 day simple moving average of $223.19. The company has a market capitalization of $12.10 billion, a P/E ratio of 30.44 and a beta of 1.19. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

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 16.33% and a net margin of 6.83%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company posted $1.29 earnings per share. Clean Harbors's quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts anticipate that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Clean Harbors Company 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.