Clean Harbors, Inc. (NYSE:CLH) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Clean Harbors, Inc. (NYSE:CLH - Free Report) by 105.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,026 shares of the business services provider's stock after acquiring an additional 12,863 shares during the quarter. SG Americas Securities LLC's holdings in Clean Harbors were worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Clean Harbors by 0.3% during 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 purchasing an additional 11,814 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Clean Harbors by 17.2% during the 4th quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock valued at $930,707,000 after buying an additional 592,341 shares during the last quarter. Select Equity Group L.P. grew its position in shares of Clean Harbors by 4.8% during the 4th quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock valued at $403,085,000 after buying an additional 80,436 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Clean Harbors by 72.6% during 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 buying an additional 697,630 shares during the last quarter. Finally, Janus Henderson Group PLC grew 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 buying an additional 13,167 shares during the last quarter. 90.43% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Alison A. Quirk sold 893 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $223.69, for a total transaction of $199,755.17. Following the completion of the transaction, the director now owns 2,978 shares of the company's stock, valued at $666,148.82. This trade represents a 23.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 now directly owns 16,310 shares of the company's stock, valued at $3,726,671.90. This represents a 5.90% decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,112 shares of company stock worth $3,416,406 over the last three months. Corporate insiders own 5.60% of the company's stock.

Clean Harbors Stock Performance

Shares of NYSE:CLH traded down $0.00 on Monday, hitting $226.86. The company's stock had a trading volume of 187,848 shares, compared to its average volume of 350,441. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The company has a market capitalization of $12.16 billion, a price-to-earnings ratio of 30.57 and a beta of 1.17. The stock's 50-day moving average is $219.64 and its two-hundred day moving average is $221.50. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.76 and a current ratio of 2.21.

Clean Harbors (NYSE:CLH - Get Free Report) last announced its earnings results 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 analyst estimates of $1.44 billion. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. Clean Harbors's revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 EPS. On average, equities research analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CLH shares. UBS Group lowered their target price on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Oppenheimer lowered their price objective on Clean Harbors from $256.00 to $254.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. BMO Capital Markets lowered their price objective on Clean Harbors from $284.00 to $270.00 and set an "outperform" rating for the company in a research note on Thursday, February 20th. Truist Financial lowered their price objective on Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Finally, Robert W. Baird upped their price target 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.