Clean Harbors, Inc. (NYSE:CLH) Shares Sold by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC has decreased its stake in Clean Harbors, reducing its holdings by 4,530 shares, representing a 9% decline, and now owns approximately $9.04 million worth of shares.
• Clean Harbors reported a quarterly earnings per share (EPS) of $2.36, slightly surpassing analyst estimates, although revenue fell by 0.2% year-over-year.
• Recent analyst ratings include price target increases from several firms, with Raymond James setting a target of $280.00 and a "strong-buy" rating.

Mutual of America Capital Management LLC lessened its holdings in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 9.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,869 shares of the business services provider's stock after selling 4,530 shares during the quarter. Mutual of America Capital Management LLC owned 0.09% of Clean Harbors worth $9,041,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CLH. Kapitalo Investimentos Ltda bought a new stake in shares of Clean Harbors in the fourth quarter worth $32,000. Blue Trust Inc. grew its holdings in Clean Harbors by 25.8% during the 1st quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock worth $54,000 after acquiring an additional 56 shares in the last quarter. Carolinas Wealth Consulting LLC increased its position in shares of Clean Harbors by 2,800.0% in the 4th quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock worth $60,000 after purchasing an additional 252 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Clean Harbors by 24.6% in the 1st 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 in the last quarter. Finally, Golden State Wealth Management LLC lifted its position in shares of Clean Harbors by 401.4% during the first quarter. Golden State Wealth Management LLC now owns 351 shares of the business services provider's stock worth $69,000 after purchasing an additional 281 shares during the last quarter. 90.43% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 8,076 shares of Clean Harbors stock in a transaction 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 sale, the chief executive officer owned 51,619 shares of the company's stock, valued at $11,626,147.37. The trade was a 13.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John R. Welch sold 1,250 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total value of $285,637.50. Following the transaction, the director directly owned 11,402 shares in the company, valued at $2,605,471.02. This trade represents a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,948 shares of company stock worth $3,611,729. 5.60% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Raymond James Financial boosted their price objective on Clean Harbors from $278.00 to $280.00 and gave the company a "strong-buy" rating in a report on Thursday, July 31st. UBS Group boosted their price target on Clean Harbors from $220.00 to $240.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Needham & Company LLC dropped their price target on Clean Harbors from $268.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Truist Financial decreased 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. Finally, Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $263.40.

Clean Harbors Stock Performance

Shares of CLH traded down $0.32 during midday trading on Thursday, hitting $242.08. 352,375 shares of the stock traded hands, compared to its average volume of 426,161. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.07 and a current ratio of 2.45. Clean Harbors, Inc. has a 1-year low of $178.29 and a 1-year high of $267.11. The business's 50 day moving average price is $230.45 and its two-hundred day moving average price is $220.25. The firm has a market capitalization of $12.98 billion, a PE ratio of 34.00 and a beta of 1.18.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its earnings results on Wednesday, July 30th. The business services provider reported $2.36 EPS for the quarter, topping the consensus estimate of $2.33 by $0.03. Clean Harbors had a net margin of 6.48% and a return on equity of 14.82%. The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same quarter in the prior year, the firm earned $2.46 EPS. Clean Harbors's quarterly revenue was down .2% on a year-over-year basis. Equities research analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.