Clean Harbors, Inc. (NYSE:CLH) Position Lowered by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 65.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,164 shares of the business services provider's stock after selling 7,889 shares during the quarter. Nisa Investment Advisors LLC's holdings in Clean Harbors were worth $821,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CLH. LBP AM SA lifted its holdings in Clean Harbors by 137.4% during the 1st quarter. LBP AM SA now owns 193,639 shares of the business services provider's stock worth $38,166,000 after purchasing an additional 112,073 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Clean Harbors by 16.2% during the 1st quarter. Concurrent Investment Advisors LLC now owns 1,059 shares of the business services provider's stock valued at $209,000 after buying an additional 148 shares in the last quarter. Impax Asset Management Group plc grew its position in Clean Harbors by 11.1% during the 1st quarter. Impax Asset Management Group plc now owns 483,253 shares of the business services provider's stock worth $94,002,000 after acquiring an additional 48,447 shares during the last quarter. OneDigital Investment Advisors LLC grew its position in Clean Harbors by 23.7% during the 1st quarter. OneDigital Investment Advisors LLC now owns 1,960 shares of the business services provider's stock worth $386,000 after acquiring an additional 375 shares during the last quarter. Finally, Principal Financial Group Inc. grew its position in Clean Harbors by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 116,603 shares of the business services provider's stock worth $22,982,000 after acquiring an additional 448 shares during the last quarter. Institutional investors own 90.43% of the company's stock.

Clean Harbors Trading Down 0.5%

NYSE:CLH traded down $1.13 during trading hours on Friday, reaching $227.72. 383,585 shares of the stock were exchanged, compared to its average volume of 354,929. The company has a quick ratio of 1.98, a current ratio of 2.37 and a debt-to-equity ratio of 1.08. The business has a 50-day moving average of $228.78 and a two-hundred day moving average of $220.08. Clean Harbors, Inc. has a twelve month low of $178.29 and a twelve month high of $267.11. The company has a market capitalization of $12.20 billion, a price-to-earnings ratio of 31.54 and a beta of 1.16.

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 the consensus estimate of $1.02 by $0.07. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a return on equity of 15.47% and a net margin of 6.58%. The company's revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share. On average, equities analysts predict that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Ratings Changes

CLH has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Needham & Company LLC lowered their price objective 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 raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Truist Financial cut 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. Finally, Robert W. Baird boosted their price target on Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, Clean Harbors presently has an average rating of "Moderate Buy" and a consensus target price of $257.67.

Insider Activity

In other Clean Harbors news, EVP Brian P. Weber sold 3,035 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 54,548 shares in the company, valued at approximately $12,391,669.16. The trade was a 5.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Speights sold 1,022 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total value of $233,516.78. Following the completion of the transaction, the insider owned 16,310 shares of the company's stock, valued at $3,726,671.90. This trade represents a 5.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,112 shares of company stock valued at $3,416,406. Insiders own 5.60% of the company's stock.

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.