Janney Montgomery Scott LLC Has $1.64 Million Stock Holdings in Clean Harbors, Inc. (NYSE:CLH)

Janney Montgomery Scott LLC grew its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 18.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,310 shares of the business services provider's stock after buying an additional 1,301 shares during the period. Janney Montgomery Scott LLC's holdings in Clean Harbors were worth $1,638,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Williamson Legacy Group LLC grew its stake in Clean Harbors by 1.4% in the fourth quarter. Williamson Legacy Group LLC now owns 3,727 shares of the business services provider's stock valued at $858,000 after acquiring an additional 53 shares during the period. Deutsche Bank AG grew its position 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 valued at $1,333,000 after purchasing an additional 56 shares during the period. Scotia Capital Inc. increased its stake in Clean Harbors by 0.4% during the 4th 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 in the last quarter. Brown Brothers Harriman & Co. raised its holdings in Clean Harbors by 25.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider's stock worth $71,000 after buying an additional 62 shares during the period. Finally, Pitcairn Co. lifted its stake in Clean Harbors by 2.2% in the fourth quarter. Pitcairn Co. now owns 3,090 shares of the business services provider's stock valued at $711,000 after buying an additional 67 shares in the last quarter. Institutional investors and hedge funds own 90.43% of the company's stock.

Insider Buying and Selling

In other news, Director John R. Welch sold 1,250 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total value of $285,637.50. Following the sale, the director directly owned 11,402 shares of the company's stock, valued at approximately $2,605,471.02. This represents a 9.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Speights sold 1,022 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total value of $233,516.78. Following the transaction, the insider directly owned 16,310 shares in the company, valued at approximately $3,726,671.90. This trade represents a 5.90% 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 worth $3,416,406. Corporate insiders own 5.60% of the company's stock.

Analysts Set New Price Targets

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

Clean Harbors Stock Up 0.1%

CLH stock traded up $0.24 during mid-day trading on Monday, reaching $231.29. The company had a trading volume of 224,513 shares, compared to its average volume of 351,083. Clean Harbors, Inc. has a 52 week low of $178.29 and a 52 week high of $267.11. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 32.03 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. The stock has a 50 day simple moving average of $224.94 and a two-hundred day simple moving average of $220.10.

Clean Harbors (NYSE:CLH - Get Free Report) last released its earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share 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 analysts' expectations of $1.44 billion. During the same period last year, the business earned $1.29 earnings per share. The firm's revenue was up 4.0% on a year-over-year basis. As a group, equities analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

About Clean Harbors

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.