Lbp Am Sa Boosts Stock Position in Clean Harbors, Inc. (NYSE:CLH)

LBP AM SA raised its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 137.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 193,639 shares of the business services provider's stock after purchasing an additional 112,073 shares during the period. LBP AM SA owned about 0.36% of Clean Harbors worth $38,166,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new stake in Clean Harbors in the fourth quarter valued at approximately $32,000. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Clean Harbors by 2,650.0% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 165 shares of the business services provider's stock worth $38,000 after acquiring an additional 159 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Clean Harbors by 10,250.0% in the fourth quarter. Assetmark Inc. now owns 207 shares of the business services provider's stock worth $48,000 after acquiring an additional 205 shares during the last quarter. Blue Trust Inc. boosted its stake 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 worth $54,000 after acquiring an additional 56 shares during the last quarter. Finally, Physician Wealth Advisors Inc. acquired a new stake in shares of Clean Harbors in the fourth quarter worth approximately $56,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Clean Harbors Trading Up 0.7%

NYSE:CLH traded up $1.66 on Thursday, reaching $232.15. The company's stock had a trading volume of 158,048 shares, compared to its average volume of 423,591. Clean Harbors, Inc. has a 12-month low of $178.29 and a 12-month high of $267.11. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The firm has a market cap of $12.44 billion, a price-to-earnings ratio of 32.15 and a beta of 1.16. The stock has a 50 day moving average price of $227.81 and a 200 day moving average price of $220.10.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the previous year, the business earned $1.29 earnings per share. The company's revenue for the quarter was up 4.0% on a year-over-year basis. On average, equities analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CLH shares. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. UBS Group lowered their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Truist Financial lowered their price target on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Robert W. Baird lifted their price target on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group lowered their price objective on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 19th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, Clean Harbors presently has an average rating of "Moderate Buy" and an average price target of $257.67.

Insider Buying and Selling

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

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.