Lbp Am Sa Buys 112,073 Shares of Clean Harbors, Inc. (NYSE:CLH)

LBP AM SA increased its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 137.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 193,639 shares of the business services provider's stock after buying an additional 112,073 shares during the quarter. LBP AM SA owned 0.36% of Clean Harbors worth $38,166,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CLH. Concurrent Investment Advisors LLC boosted its position in Clean Harbors by 16.2% during the first quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock worth $209,000 after purchasing an additional 148 shares during the period. Impax Asset Management Group plc boosted its position in shares of Clean Harbors by 11.1% in the first quarter. Impax Asset Management Group plc now owns 483,253 shares of the business services provider's stock valued at $94,002,000 after acquiring an additional 48,447 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in Clean Harbors by 23.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 1,960 shares of the business services provider's stock valued at $386,000 after purchasing an additional 375 shares during the period. Principal Financial Group Inc. raised its position in shares of Clean Harbors by 0.4% in the first quarter. Principal Financial Group Inc. now owns 116,603 shares of the business services provider's stock worth $22,982,000 after buying an additional 448 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in Clean Harbors by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock valued at $2,044,000 after buying an additional 52 shares during the period. Hedge funds and other institutional investors own 90.43% of the company's stock.

Clean Harbors Stock Up 0.7%

Shares of CLH stock traded up $1.59 during mid-day trading on Friday, reaching $232.84. 298,331 shares of the company's stock traded hands, compared to its average volume of 352,322. The company has a market cap of $12.48 billion, a P/E ratio of 32.25 and a beta of 1.16. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company's 50-day moving average price is $228.07 and its 200-day moving average price is $220.11.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in 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. Truist Financial dropped their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. The Goldman Sachs Group reduced their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a report on Wednesday, March 19th. Needham & Company LLC reduced their price objective 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. Finally, UBS Group decreased 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $257.67.

Insiders Place Their Bets

In related news, insider Robert Speights sold 1,022 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $228.49, for a total transaction of $233,516.78. Following the completion of the sale, the insider owned 16,310 shares in the company, valued at approximately $3,726,671.90. This represents a 5.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alison A. Quirk sold 893 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $223.69, for a total transaction of $199,755.17. Following the sale, the director directly owned 2,978 shares of the company's stock, valued at $666,148.82. The trade was a 23.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,112 shares of company stock worth $3,416,406 in the last quarter. Insiders own 5.60% of the company's stock.

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.