Mutual of America Capital Management LLC Has $9.04 Million Holdings in Clean Harbors, Inc. (NYSE:CLH)

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 reduced its stake 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 13F filing with the Securities and Exchange Commission (SEC). The fund 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 about 0.09% of Clean Harbors worth $9,041,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda acquired a new stake in shares of Clean Harbors in the fourth quarter valued at $32,000. Blue Trust Inc. raised its position in Clean Harbors by 25.8% during the first quarter. Blue Trust Inc. now owns 273 shares of the business services provider's stock valued at $54,000 after buying an additional 56 shares during the period. Carolinas Wealth Consulting LLC raised its position in Clean Harbors by 2,800.0% during the fourth quarter. Carolinas Wealth Consulting LLC now owns 261 shares of the business services provider's stock valued at $60,000 after buying an additional 252 shares during the period. UMB Bank n.a. raised its position in Clean Harbors by 24.6% during the first quarter. UMB Bank n.a. now owns 349 shares of the business services provider's stock valued at $69,000 after buying an additional 69 shares during the period. Finally, Golden State Wealth Management LLC increased its position in Clean Harbors by 401.4% in the 1st 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 currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CLH shares. Oppenheimer upped their target price on Clean Harbors from $254.00 to $256.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Needham & Company LLC decreased their target price on Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Truist Financial reduced their price objective 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. Finally, BMO Capital Markets set a $268.00 target price on Clean Harbors and gave the stock an "outperform" rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $263.40.

Clean Harbors Trading Down 1.9%

Shares of NYSE:CLH traded down $4.71 during midday trading on Friday, hitting $237.39. The company had a trading volume of 427,995 shares, compared to its average volume of 424,471. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a current ratio of 2.45, a quick ratio of 2.07 and a debt-to-equity ratio of 1.02. The stock has a market cap of $12.73 billion, a price-to-earnings ratio of 33.34 and a beta of 1.18. The firm has a fifty day simple moving average of $230.66 and a 200 day simple moving average of $220.03.

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

Insider Transactions at Clean Harbors

In related news, CEO Michael Louis Battles bought 2,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were acquired at an average price of $233.50 per share, with a total value of $467,000.00. Following the completion of the transaction, the chief executive officer owned 82,911 shares in the company, valued at $19,359,718.50. The trade was a 2.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Brian P. Weber sold 3,035 shares of Clean Harbors stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $227.17, for a total value of $689,460.95. Following the completion of the sale, the executive vice president directly owned 54,548 shares in the company, valued at approximately $12,391,669.16. This represents a 5.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,948 shares of company stock worth $3,611,729. 5.60% of the stock is currently 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.