Perpetual Ltd Purchases 13,536 Shares of Clean Harbors, Inc. (NYSE:CLH)

Perpetual Ltd raised its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 28.7% during the first quarter, according to its most recent filing with the SEC. The firm owned 60,714 shares of the business services provider's stock after purchasing an additional 13,536 shares during the period. Perpetual Ltd owned 0.11% of Clean Harbors worth $11,967,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in 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 valued at $1,072,237,000 after buying an additional 11,814 shares during the period. Wellington Management Group LLP raised its position in shares of Clean Harbors by 17.2% in the 4th 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 in the last quarter. Select Equity Group L.P. raised its position in shares of Clean Harbors by 4.8% in the 4th 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 in the last quarter. Pictet Asset Management Holding SA lifted its stake in shares of Clean Harbors by 72.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock valued at $381,602,000 after purchasing an additional 697,630 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of Clean Harbors by 0.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock valued at $371,002,000 after purchasing an additional 13,167 shares in the last quarter. 90.43% of the stock is owned by institutional investors.

Insider Activity at Clean Harbors

In other news, Director Lauren States sold 836 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total value of $189,078.12. Following the transaction, the director now owns 11,871 shares in the company, valued at $2,684,864.07. This trade represents a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric W. Gerstenberg sold 8,076 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $225.23, for a total value of $1,818,957.48. Following the completion of the sale, the chief executive officer now directly owns 51,619 shares of the company's stock, valued at $11,626,147.37. The trade was a 13.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 15,112 shares of company stock valued at $3,416,406. 5.60% of the stock is owned by corporate insiders.

Clean Harbors Stock Performance

Shares of CLH stock opened at $231.08 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08. The firm has a fifty day simple moving average of $224.42 and a two-hundred day simple moving average of $220.60. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The firm has a market capitalization of $12.38 billion, a PE ratio of 32.01 and a beta of 1.17.

Clean Harbors (NYSE:CLH - Get Free Report) last issued 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. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.44 billion. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The business's revenue was up 4.0% on a year-over-year basis. During the same period last year, the company earned $1.29 earnings per share. Analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

Analyst Ratings Changes

CLH has been the subject of a number of research analyst reports. Truist Financial lowered their target price on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. The Goldman Sachs Group reduced their price objective on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, March 19th. Robert W. Baird boosted their target price on shares of Clean Harbors from $250.00 to $255.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded shares of Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. Finally, UBS Group decreased their price target on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Clean Harbors has an average rating of "Moderate Buy" and an average target price 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.

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