Janney Montgomery Scott LLC Grows Holdings in Clean Harbors, Inc. (NYSE:CLH)

Janney Montgomery Scott LLC increased its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 18.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,310 shares of the business services provider's stock after purchasing an additional 1,301 shares during the quarter. Janney Montgomery Scott LLC's holdings in Clean Harbors were worth $1,638,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Williamson Legacy Group LLC boosted its holdings in Clean Harbors by 1.4% during the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock worth $858,000 after purchasing an additional 53 shares during the last quarter. Deutsche Bank AG boosted its holdings in Clean Harbors by 1.0% during the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock worth $1,333,000 after purchasing an additional 56 shares during the last quarter. Scotia Capital Inc. boosted its holdings in 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 last quarter. Brown Brothers Harriman & Co. boosted its holdings in Clean Harbors by 25.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider's stock worth $71,000 after purchasing an additional 62 shares during the last quarter. Finally, Pitcairn Co. raised its position in Clean Harbors by 2.2% in the fourth quarter. Pitcairn Co. now owns 3,090 shares of the business services provider's stock worth $711,000 after acquiring an additional 67 shares during the period. 90.43% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Robert Speights sold 1,022 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total transaction of $233,516.78. Following the sale, the insider now directly owns 16,310 shares of the company's stock, valued at approximately $3,726,671.90. This represents a 5.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lauren States sold 836 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total transaction of $189,078.12. Following the sale, the director now directly owns 11,871 shares in the company, valued at approximately $2,684,864.07. The trade was a 6.58% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,112 shares of company stock valued at $3,416,406. Corporate insiders own 5.60% of the company's stock.

Wall Street Analysts Forecast Growth

CLH has been the topic of several research reports. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Truist Financial lowered 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. UBS Group lowered their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Robert W. Baird boosted 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, Needham & Company LLC lowered their price target 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $257.67.

Clean Harbors Stock Performance

Clean Harbors stock opened at $230.89 on Friday. The firm's 50 day simple moving average is $223.94 and its 200 day simple moving average is $220.67. 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 firm has a market capitalization of $12.37 billion, a PE ratio of 31.98 and a beta of 1.17. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11.

Clean Harbors (NYSE:CLH - Get Free Report) last released 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 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 analysts' expectations of $1.44 billion. During the same quarter in the previous year, the company earned $1.29 EPS. The business's quarterly revenue was up 4.0% compared to the same quarter last year. As a group, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.