Williams Jones Wealth Management LLC. Buys 30,111 Shares of Clean Harbors, Inc. (NYSE:CLH)

Williams Jones Wealth Management LLC. increased its position in shares of Clean Harbors, Inc. (NYSE:CLH - Free Report) by 148.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,459 shares of the business services provider's stock after purchasing an additional 30,111 shares during the quarter. Williams Jones Wealth Management LLC. owned 0.09% of Clean Harbors worth $11,613,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Reliant Investment Management LLC bought a new stake in Clean Harbors during the fourth quarter worth about $4,386,000. Mountain Pacific Investment Advisers LLC lifted its position in Clean Harbors by 4.5% during the fourth quarter. Mountain Pacific Investment Advisers LLC now owns 99,039 shares of the business services provider's stock worth $22,793,000 after purchasing an additional 4,240 shares during the period. Barclays PLC lifted its position in Clean Harbors by 44.5% during the third quarter. Barclays PLC now owns 28,056 shares of the business services provider's stock worth $6,781,000 after purchasing an additional 8,639 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its position in Clean Harbors by 20.8% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 93,805 shares of the business services provider's stock worth $21,588,000 after purchasing an additional 16,170 shares during the period. Finally, Pacer Advisors Inc. lifted its position in Clean Harbors by 29.0% during the fourth quarter. Pacer Advisors Inc. now owns 9,636 shares of the business services provider's stock worth $2,218,000 after purchasing an additional 2,165 shares during the period. Institutional investors own 90.43% of the company's stock.

Wall Street Analysts Forecast Growth

CLH has been the subject of several recent analyst reports. Robert W. Baird upped 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. Wall Street Zen raised shares of Clean Harbors from a "hold" rating to a "buy" rating in a research report on Thursday, May 1st. UBS Group dropped their target price on shares of Clean Harbors from $240.00 to $205.00 and set a "neutral" rating for the company in a report on Friday, April 11th. The Goldman Sachs Group dropped their target price on shares of Clean Harbors from $250.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, March 19th. Finally, Truist Financial dropped their target price on shares of Clean Harbors from $270.00 to $250.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating and eight have assigned 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 a consensus target price of $257.67.

Clean Harbors Trading Down 0.5%

Clean Harbors stock traded down $1.07 during mid-day trading on Friday, hitting $226.65. 301,089 shares of the stock were exchanged, compared to its average volume of 350,593. The company has a quick ratio of 1.76, a current ratio of 2.21 and a debt-to-equity ratio of 1.08. Clean Harbors, Inc. has a 12 month low of $178.29 and a 12 month high of $267.11. The firm's fifty day simple moving average is $209.86 and its two-hundred day simple moving average is $224.94. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of 30.55 and a beta of 1.19.

Clean Harbors (NYSE:CLH - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.07. Clean Harbors had a net margin of 6.83% and a return on equity of 16.33%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same quarter last year, the business earned $1.29 EPS. The company's revenue was up 4.0% compared to the same quarter last year. Analysts forecast that Clean Harbors, Inc. will post 7.89 EPS for the current year.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 836 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $226.17, for a total transaction of $189,078.12. Following the completion of the transaction, the director now owns 11,871 shares in the company, valued at approximately $2,684,864.07. This trade represents a 6.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Speights sold 2,725 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $190.44, for a total transaction of $518,949.00. Following the transaction, the insider now owns 40,008 shares of the company's stock, valued at approximately $7,619,123.52. The trade was a 6.38% decrease in their position. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

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.