Victory Capital Management Inc. Sells 97,811 Shares of Clean Harbors, Inc. (NYSE:CLH)

Victory Capital Management Inc. reduced its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 28.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 247,394 shares of the business services provider's stock after selling 97,811 shares during the period. Victory Capital Management Inc. owned 0.46% of Clean Harbors worth $48,761,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its position 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 buying an additional 11,814 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Clean Harbors by 17.2% during 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 period. Select Equity Group L.P. raised its holdings in shares of Clean Harbors by 4.8% during the fourth quarter. Select Equity Group L.P. now owns 1,751,478 shares of the business services provider's stock worth $403,085,000 after purchasing an additional 80,436 shares during the period. Pictet Asset Management Holding SA raised its holdings in shares of Clean Harbors by 72.6% during 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 period. Finally, Janus Henderson Group PLC raised its holdings in shares of Clean Harbors by 0.8% during the fourth quarter. Janus Henderson Group PLC now owns 1,612,082 shares of the business services provider's stock worth $371,002,000 after purchasing an additional 13,167 shares during the period. 90.43% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, Director John R. Welch sold 1,250 shares of Clean Harbors stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $228.51, for a total value of $285,637.50. Following the completion of the sale, the director directly owned 11,402 shares in the company, valued at $2,605,471.02. The trade was a 9.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric W. Gerstenberg sold 8,076 shares of Clean Harbors stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $225.23, for a total transaction of $1,818,957.48. Following the completion of the sale, the chief executive officer owned 51,619 shares of the company's stock, valued at $11,626,147.37. This trade represents a 13.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 15,112 shares of company stock valued at $3,416,406 in the last 90 days. Corporate insiders own 5.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CLH shares. 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. Truist Financial lowered their price target on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen raised Clean Harbors from a "hold" rating to a "buy" rating in a report on Thursday, May 1st. UBS Group lowered their price target on Clean Harbors from $240.00 to $205.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Needham & Company LLC reduced their price target on shares of Clean Harbors from $268.00 to $255.00 and set a "buy" rating for the company 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $257.67.

Clean Harbors Trading Down 0.1%

Shares of CLH traded down $0.16 during midday trading on Monday, hitting $227.60. The stock had a trading volume of 75,572 shares, compared to its average volume of 353,868. Clean Harbors, Inc. has a fifty-two week low of $178.29 and a fifty-two week high of $267.11. The business has a 50-day simple moving average of $228.78 and a two-hundred day simple moving average of $219.95. The firm has a market cap of $12.19 billion, a P/E ratio of 31.52 and a beta of 1.16. The company has a current ratio of 2.37, a quick ratio of 1.98 and a debt-to-equity ratio of 1.08.

Clean Harbors (NYSE:CLH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $1.02 by $0.07. The business 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 firm's quarterly revenue was up 4.0% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. As a group, equities analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current 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.