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

LBP AM SA boosted its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 137.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its holdings in Clean Harbors by 0.5% in 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 purchasing an additional 52 shares during the period. Deutsche Bank AG increased its holdings in Clean Harbors by 1.0% in the fourth 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. Blue Trust Inc. increased its holdings in 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 period. Scotia Capital Inc. increased its holdings in Clean Harbors by 0.4% in the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock valued at $3,282,000 after purchasing an additional 59 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings in Clean Harbors by 25.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 309 shares of the business services provider's stock valued at $71,000 after purchasing an additional 62 shares during the period. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors Price Performance

CLH traded down $1.49 during trading on Wednesday, reaching $230.71. The stock had a trading volume of 236,168 shares, compared to its average volume of 351,735. The stock has a market cap of $12.36 billion, a PE ratio of 31.95 and a beta of 1.16. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.98 and a current ratio of 2.37. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The business has a 50-day moving average of $227.47 and a 200-day moving average of $220.02.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (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 firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. During the same period last year, the firm earned $1.29 earnings per share. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Insider Activity at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 8,076 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the transaction, the chief executive officer owned 51,619 shares in the company, valued at approximately $11,626,147.37. This represents a 13.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Brian P. Weber sold 3,035 shares of the company's stock in a transaction that occurred 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 transaction, the executive vice president owned 54,548 shares in the company, valued at $12,391,669.16. This trade represents a 5.27% 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 over the last 90 days. 5.60% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Needham & Company LLC decreased their price objective on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Truist Financial decreased their price target on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. UBS Group decreased their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Robert W. Baird raised their target price on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research note 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $257.67.

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.