Clean Harbors, Inc. (NYSE:CLH) Stock Position Trimmed by Settian Capital LP

Settian Capital LP lessened its holdings in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 54.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,000 shares of the business services provider's stock after selling 6,000 shares during the period. Clean Harbors accounts for approximately 0.8% of Settian Capital LP's portfolio, making the stock its 25th largest holding. Settian Capital LP's holdings in Clean Harbors were worth $986,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CLH. Oregon Public Employees Retirement Fund lifted its stake in shares of Clean Harbors by 0.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 10,372 shares of the business services provider's stock valued at $2,044,000 after buying an additional 52 shares during the period. Deutsche Bank AG lifted its stake in shares of Clean Harbors by 1.0% during the fourth quarter. Deutsche Bank AG now owns 5,793 shares of the business services provider's stock valued at $1,333,000 after buying an additional 56 shares during the period. Blue Trust Inc. lifted its stake in shares of 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. Scotia Capital Inc. increased its position in Clean Harbors by 0.4% during the fourth quarter. Scotia Capital Inc. now owns 14,262 shares of the business services provider's stock worth $3,282,000 after purchasing an additional 59 shares during the last quarter. Finally, Xponance Inc. increased its position in Clean Harbors by 0.9% during the first quarter. Xponance Inc. now owns 6,703 shares of the business services provider's stock worth $1,321,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Analysts Set New Price Targets

CLH has been the subject of several research analyst reports. Raymond James Financial dropped their price target on shares of Clean Harbors from $280.00 to $278.00 and set a "strong-buy" rating for the company in a research report on Tuesday. 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 research report on Thursday, May 1st. Robert W. Baird increased their price objective on shares of Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research 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 research report on Friday, April 11th. Finally, Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $259.70.

Insider Buying and Selling

In other news, insider Robert Speights sold 1,022 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $228.49, for a total value of $233,516.78. Following the transaction, the insider directly owned 16,310 shares in the company, valued at approximately $3,726,671.90. This trade represents a 5.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John R. Welch sold 1,250 shares of Clean Harbors stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total transaction of $285,637.50. Following the completion of the sale, the director owned 11,402 shares in the company, valued at approximately $2,605,471.02. This represents a 9.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,112 shares of company stock worth $3,416,406. Company insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

Shares of Clean Harbors stock traded up $0.35 during trading hours on Thursday, reaching $230.27. The company's stock had a trading volume of 91,532 shares, compared to its average volume of 417,850. The company's 50 day simple moving average is $228.71 and its 200 day simple moving average is $219.96. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.98 and a current ratio of 2.37. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The stock has a market cap of $12.34 billion, a P/E ratio of 31.90 and a beta of 1.16.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.02 by $0.07. Clean Harbors had a net margin of 6.58% and a return on equity of 15.47%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period last year, the firm posted $1.29 EPS. The company's revenue for the quarter was up 4.0% on a year-over-year basis. As a group, analysts expect that Clean Harbors, Inc. will post 7.89 EPS for the current fiscal year.

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.