Machina Capital S.A.S. Invests $271,000 in Clean Harbors, Inc. (NYSE:CLH)

Key Points

• Machina Capital S.A.S. acquired a new stake in Clean Harbors, purchasing 1,374 shares worth approximately $271,000 in the first quarter.
• Clean Harbors reported earnings of $1.09 per share for the last quarter, exceeding analysts' expectations, with a revenue of $1.43 billion.
• Research analysts have mixed views on Clean Harbors, with price targets ranging from $205.00 to $255.00 and an overall "Moderate Buy" consensus rating.

Machina Capital S.A.S. bought a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,374 shares of the business services provider's stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Clean Harbors by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 4,659,064 shares of the business services provider's stock worth $1,072,237,000 after acquiring an additional 11,814 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after acquiring an additional 592,341 shares during the last quarter. Select Equity Group L.P. lifted its holdings in shares of Clean Harbors by 4.8% in the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after acquiring an additional 80,436 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after acquiring an additional 697,630 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Clean Harbors by 0.8% in the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after acquiring an additional 13,167 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on CLH shares. Robert W. Baird raised their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. UBS Group dropped their price objective on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Truist Financial dropped their price objective on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Raymond James Financial dropped their price objective on shares of Clean Harbors from $280.00 to $278.00 and set a "strong-buy" rating for the company in a report on Tuesday. Finally, Needham & Company LLC dropped their price objective on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $259.70.

Clean Harbors Trading Up 1.9%

Shares of NYSE CLH traded up $4.35 during midday trading on Friday, reaching $235.28. The stock had a trading volume of 357,967 shares, compared to its average volume of 341,567. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 32.59 and a beta of 1.16. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.98 and a current ratio of 2.37. The company's 50 day moving average price is $228.82 and its 200 day moving average price is $220.02.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings data 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. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates 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 for the quarter 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. As a group, sell-side analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insider Buying and Selling

In other Clean Harbors news, 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 transaction of $1,818,957.48. Following the completion of the sale, the chief executive officer owned 51,619 shares in the company, valued at approximately $11,626,147.37. The trade was a 13.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Alison A. Quirk sold 893 shares of the business's stock in a transaction on 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 owned 2,978 shares of the company's stock, valued at $666,148.82. This trade represents a 23.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,112 shares of company stock worth $3,416,406 over the last ninety days. 5.60% of the stock is owned by company insiders.

Clean Harbors Company 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.