Jefferies Financial Group Inc. Makes New $15.77 Million Investment in Clean Harbors, Inc. (NYSE:CLH)

Jefferies Financial Group Inc. bought a new position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 80,000 shares of the business services provider's stock, valued at approximately $15,768,000. Jefferies Financial Group Inc. owned 0.15% of Clean Harbors at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kapitalo Investimentos Ltda acquired a new position in Clean Harbors during the fourth quarter worth about $32,000. Banque Cantonale Vaudoise acquired a new stake in shares of Clean Harbors in the first quarter valued at approximately $48,000. Carolinas Wealth Consulting LLC grew its position in shares of Clean Harbors by 2,800.0% in the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock valued at $60,000 after purchasing an additional 252 shares during the last quarter. Blue Trust Inc. grew its position in shares of Clean Harbors by 25.8% in the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after purchasing an additional 56 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Clean Harbors by 24.6% in the first quarter. UMB Bank n.a. now owns 349 shares of the business services provider's stock valued at $69,000 after purchasing an additional 69 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Clean Harbors

In other Clean Harbors news, EVP Brian P. Weber sold 3,035 shares of the firm's stock in a transaction on Friday, June 13th. The shares were sold at an average price of $227.17, for a total transaction of $689,460.95. Following the completion of the transaction, the executive vice president directly owned 54,548 shares of the company's stock, valued at $12,391,669.16. This trade represents a 5.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eric W. Gerstenberg sold 8,076 shares of Clean Harbors stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the completion of the transaction, the chief executive officer directly owned 51,619 shares of the company's stock, valued at $11,626,147.37. This trade represents a 13.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,112 shares of company stock worth $3,416,406 over the last 90 days. Company insiders own 5.60% of the company's stock.

Clean Harbors Stock Down 0.7%

Clean Harbors stock traded down $1.66 during midday trading on Friday, hitting $234.15. 503,299 shares of the stock were exchanged, compared to its average volume of 379,799. The firm has a market cap of $12.56 billion, a P/E ratio of 32.89 and a beta of 1.18. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.45 and a quick ratio of 1.98. Clean Harbors, Inc. has a 1 year low of $178.29 and a 1 year high of $267.11. The company has a 50 day moving average price of $229.36 and a two-hundred day moving average price of $220.23.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The business services provider reported $2.36 earnings per share for the quarter, topping the consensus estimate of $2.33 by $0.03. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.59 billion. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm's revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the business earned $2.46 EPS. On average, sell-side analysts predict that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. UBS Group increased their price target on shares of Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a research report on Thursday. Oppenheimer upped their price objective on shares of Clean Harbors from $254.00 to $256.00 and gave the company an "outperform" rating in a research note on Thursday. Robert W. Baird upped their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Truist Financial reduced 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 note on Tuesday, April 22nd. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $263.40.

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.