Toronto Dominion Bank Purchases Shares of 14,319 Clean Harbors, Inc. (NYSE:CLH)

Toronto Dominion Bank acquired a new position in Clean Harbors, Inc. (NYSE:CLH - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,319 shares of the business services provider's stock, valued at approximately $3,295,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CLH. Pictet Asset Management Holding SA boosted its position in Clean Harbors by 72.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 1,658,128 shares of the business services provider's stock worth $381,602,000 after purchasing an additional 697,630 shares during the last quarter. Norges Bank purchased a new position in Clean Harbors in the fourth quarter worth $136,974,000. Wellington Management Group LLP boosted its position in Clean Harbors by 17.2% in the fourth quarter. Wellington Management Group LLP now owns 4,044,092 shares of the business services provider's stock worth $930,707,000 after purchasing an additional 592,341 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Clean Harbors in the fourth quarter worth $57,956,000. Finally, First Trust Advisors LP boosted its position in Clean Harbors by 46.7% in the fourth quarter. First Trust Advisors LP now owns 369,941 shares of the business services provider's stock worth $85,138,000 after purchasing an additional 117,718 shares during the last quarter. Hedge funds and other institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CLH shares. The Goldman Sachs Group cut their price objective on Clean Harbors from $250.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 19th. Robert W. Baird boosted their price objective on Clean Harbors from $250.00 to $255.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Truist Financial dropped their price target on Clean Harbors from $270.00 to $250.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. BMO Capital Markets cut their price target 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. Finally, Wall Street Zen upgraded Clean Harbors from a "hold" rating to a "buy" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Stock Performance

Shares of CLH stock traded down $1.07 on Monday, hitting $226.65. 301,089 shares of the stock were exchanged, compared to its average volume of 350,593. The company has a current ratio of 2.21, a quick ratio of 1.76 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $12.14 billion, a PE ratio of 30.55 and a beta of 1.19. Clean Harbors, Inc. has a one year low of $178.29 and a one year high of $267.11. The firm's 50 day moving average is $209.86 and its two-hundred day moving average is $224.70.

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 for the quarter, topping the consensus estimate of $1.02 by $0.07. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.44 billion. Clean Harbors had a return on equity of 16.33% and a net margin of 6.83%. The firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.29 EPS. Sell-side analysts expect that Clean Harbors, Inc. will post 7.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Robert Speights sold 2,725 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the sale, the insider now owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. This represents a 6.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lauren States sold 836 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $226.17, for a total value of $189,078.12. Following the sale, the director now directly owns 11,871 shares in the company, valued at $2,684,864.07. This trade represents a 6.58% decrease in their position. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

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.